Triad Guaranty Named One of Forbes' '200 Best Small Companies' for Second Consecutive Year

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Triad Guaranty Named One of Forbes' '200 Best Small Companies' for Second Consecutive Year

    WINSTON-SALEM, N.C., Oct. 26 /PRNewswire-FirstCall/ -- Triad Guaranty Inc.
(Nasdaq: TGIC) has been named in Forbes magazine's October 31, 2005 issue as
one of America's "200 Best Small Companies" for the second year in a row. This
is the third time, since Triad's inception in 1987, that the company has been
named to the prestigious list, having also been listed in 2004 and 1999.
    Forbes' 2004 list is based on financial data as of September 29, 2005.
Overall, Triad Guaranty ranked number 93 by five-year return on equity, number
142 on sales, and number 58 by profits.
    Forbes magazine (http://www.Forbes.com) compiles its annual "200 Best Small
Companies" in America list using "very strict financial performance standards.
To qualify, candidates have to show a consistent pattern of positive growth
during a five-year period, as well as of the last 12 months."  Forbes selected
its list from companies with sales ranging from $5 million to $750 million,
net profit margins greater than 5 percent and share prices above $5 as of
September 29.
    "We are gratified to see Forbes again recognize Triad by placement in the
2005 Top 200 list," noted Mark K. Tonnesen, President and CEO of Triad
Guaranty.  "In a rapidly changing environment, our flexible business model
proved adept in helping us remain aligned with our customer's needs.  The
results were favorable for Triad and our lending partners."

    Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer providing mortgage insurance
(MI) to residential mortgage lenders.  Private MI makes homeownership
available to borrowers with equity of less than 20%, facilitates the sale of
mortgage loans in the secondary market and protects lenders from default-
related expenses.  For more information, please visit the company's web site
at http://www.triadguaranty.com.

SOURCE Triad Guaranty Inc.

http://www.triadguaranty.com

http://www.Forbes.com
CONTACT:
Jerrold C. Schwartz, Vice President,
Marketing of Triad Guaranty Inc., or +1-800-451-4872, ext. 1122,
or jschwartz@tgic.com