EXHIBIT 21.1 THE PMI GROUP, INC. - SUBSIDIARIES Name Under Which Subsidiary Does Jurisdiction of Subsidiary Name Business (if different) Incorporation - -------------------------------------------------------------------------------------------------------------------- PMI Mortgage Insurance Co. Arizona PMI Capital Corporation Delaware American Pioneer Title Insurance Co. Chelsea Title Company Florida Residential Guaranty Co. Arizona PMI Mortgage Guaranty Co. Arizona Residential Insurance Co. Arizona TPG Insurance Co. Vermont TPG Segregated Portfolio Company Cayman PMI Mortgage Insurance Australia (Holdings) Pty Limited Australia PMI Mortgage Insurance Ltd Australia PMI Indemnity Limited Australia TPG Reinsurance Company Limited Ireland PMI Mortgage Insurance Company Limited Ireland PMI Insurance Services Limited United Kingdom PMI Plaza LLC Delaware Fairbanks Capital Holding Corp. (unconsolidated, partially owned) Delaware RAM Holdings Ltd (unconsolidated, partially owned) Bermuda RAM Holdings Ltd II (unconsolidated, partially owned) Bermuda CMG Mortgage Insurance Company (unconsolidated, partially owned) Wisconsin CMG Mortgage Reinsurance Company (unconsolidated, partially owned) Wisconsin CMG Mortgage Assurance Company (unconsolidated, partially owned) Wisconsin Truman Capital Founders, LLC (unconsolidated, partially owned) Delaware