BURLINGTON, Mass., June 27, 2000—Demonstrating its ongoing success in delivering technology solutions critical to e-business, Cognos^® (Nasdaq:COGN; TSE:CSN) today announced that United Guaranty Corporation, parent company of United Guaranty Residential Insurance Company - a national mortgage guaranty insurer - has selected Cognos’ business intelligence (BI) solution for e-business to power its e-business Gateway. Cognos is the world’s largest and most successful business intelligence company.

The Cognos-enabled business-to-business Gateway will allow United Guaranty’s mortgage lending customers to access and analyze timely, in-depth account information via a secure Internet connection by simply using a Web browser. Equipped with better information, lenders can make fast, high-quality decisions concerning their mortgage portfolios to improve profits, gauge loan defaults, and improve service to their customers. United Guaranty anticipates deploying the Cognos solution by Summer 2000.

"United Guaranty has embraced the Internet, and Cognos’ Web-based enterprise business intelligence solution helps differentiate us from the competition," said Tripp Waddell, senior vice president and chief information officer. "The Cognos-enabled system will allow United Guaranty to establish a safe and secure environment to share information with our customers. We believe that access to this information can enable lenders to make informed decisions, ultimately improving portfolio performance."

United Guaranty’s commercial customers can use Cognos technology to access information residing in United Guaranty’s data warehouse via the e-Business Gateway. End users within United Guaranty’s commercial customers can perform multi-dimensional analysis of the information, "drilling down" to details below the surface figures to uncover key business drivers. They can then create and distribute reports to other employees on their findings with no assistance from technical personnel.

For example, managers access financial statements related to their captive reinsurance activities and analyze individual loan details by state, product, sales person, finance rate and premium. Lenders also may retrieve information on total insurance claims paid out over a specified time with the Cognos BI solution to analyze default characteristics of their portfolio.

"Cognos’ business intelligence solution is a true cornerstone for any e-business initiative," said Joanne K. Masingill, Cognos’ senior vice president of marketing. "United Guaranty is an excellent testament to how a traditional business can evolve into an e-Business, using the Cognos solution to share information with business partners and customers in a true e-Business context. United Guaranty will integrate the Cognos product into all of its e-Business applications to enable customers to analyze and interpret portfolio data."

About United Guaranty
Subsidiaries of United Guaranty Corporation write mortgage guaranty insurance for first- and second-mortgage loans. Mortgage insurance provided by triple-A-rated United Guaranty Residential Insurance Company (UGRIC) enables home buyers to purchase homes with low down payments, expanding home affordability for Americans in all income ranges. Based in Greensboro, NC, both United Guaranty and UGRIC are member companies of American International Group, Inc. (AIG), the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial coverages in the United States. All United Guaranty media releases may be viewed on United Guaranty’s Web site at www.ugcorp.com.