NMI Hlds

NMI Holdings, Inc. engages in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

National MI reports record Q4 earnings and eyes market discipline

National MI Hlds (NMIH) reported robust financial performance in Q4 2022, marked by strong operating results and significant growth metrics. Despite potential risks in the economy and housing market for 2023, the company remains confident in its performance. National MI's focus on sustainable growth, risk assessment, and market discipline positions them well for the future.

NMI Holdings reports robust Q1 performance amidst market uncertainties

NMI Holdings Inc. (NMIH) showcased strong Q1 performance with robust NIW volumes and stable underwriting metrics.
Efficient cost management, high persistency rate, and proactive risk strategies position NMIH for future growth.
Analysts' inquiries into premium rates, reserves, and underwriting changes highlight areas for strategic focus.
Participation in upcoming conferences and market stability present growth opportunities for NMIH.

NMI Holdings reports record Q2 earnings amidst macro risk concerns

NMI Holdings, Inc. demonstrated a strong financial performance in Q2 2023, driven by robust NIW volume and record insurance-in-force, supported by efficient expense management and capital initiatives.
While macro risks pose challenges, the company's proactive risk protection measures and solid financial foundation present opportunities for sustainable growth and profitability in the mortgage insurance market.

National MI (NMIH) reports record Q3 results amid market challenges

National MI's Q3 performance showcased strong financial metrics and market positioning.
While facing challenges in a dynamic environment, the company's focus on expense management and growth opportunities is evident.
With a solid foundation and strategic initiatives in place, National MI is poised for continued success in the market.

NMI Holdings achieves record Q4 results, eyes growth opportunities

NMI Holdings reported robust financial performance in Q4 2023, driven by strong revenue growth and strategic initiatives. The company's focus on customer development, reinsurance innovation, and expense management positions it well for future growth. NMI's ability to navigate market challenges and capitalize on opportunities underscores its resilience and strategic vision.

NMI Holdings achieves record Q1 results, eyes long-term growth

NMI Holdings (NMIH) delivered strong financial performance in Q1 2024, driven by record revenue and robust return on equity.
The company's focus on stable reserve coverage, customer expansion, and proactive risk management positions it well for long-term growth.
Challenges in high LTV buckets, excess capital levels, and housing market dynamics require strategic attention for sustained success.

NMI Holdings excels in Q3 earnings, poised for growth

NMI Holdings delivered a strong Q3 performance with robust financial results and strategic risk management. Despite challenges in credit trends and market dynamics, the company showcased profitability and resilience. With a positive outlook for growth and opportunities in the MI industry, NMIH remains well-positioned for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

D.R. Horton

Essent Group

KB Home

MGIC Investment

PulteGroup

Redfin

Radian Group

Zillow

While housing stocks homebuilders and online realtors have done well this year, mortgage insurers - MIs - have been poor performers.

Mortgage Insurers: The Way To Play Housing

NMI Holdings, Inc. (NMIH) CEO Claudia Merkle on Q2 2020 Results - Earnings Call Transcript

NMI Holdings (NMIH) Q2 results reflect the impact of additional claims and claim expenses incurred on higher default experience in connection with the COVID-19 pandemic

NMI Holdings (NMIH) Q2 Earnings Beat, Revenues Rise Y/Y

NMI Holdings (NMIH) delivered earnings and revenue surprises of 25.00% and 0.80%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

NMI Holdings (NMIH) Beats Q2 Earnings and Revenue Estimates

EMERYVILLE, Calif., Aug.  05, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported GAAP net income of $26.8 million, or $0.36 per diluted share, for the second quarter ended June 30, 2020, which compares to $58.3 million, or $0.74 per diluted share, in the first quarter ended March 31, 2020 and $39.1 million, or $0.56 per diluted share, in the second quarter ended June 30, 2019. Adjusted net income for the quarter was $29.7 million or $0.40 per diluted share, which compares to $52.7 million or $0.75 per diluted share in the first quarter ended March 31, 2020 and $41.4 million or $0.59 per diluted share in the second quarter ended June 30, 2019. Results for the second quarter ended June 30, 2020, reflect the impact of additional claims and claim expenses incurred on higher default experience in connection with the COVID-19 pandemic. The non-GAAP financial measures adjusted net income, adjusted diluted earnings per share and adjusted return-on-equity are presented in this release to enhance the comparability of financial results between periods. See "Use of Non-GAAP Financial Measures" and our reconciliation of such measures to their most comparable GAAP measures, below.

NMI Holdings, Inc. Reports Second Quarter 2020 Financial Results

NMI Holdings: Earnings Beats And P/B Expansion Expected As Residential Housing Shines

EMERYVILLE, Calif., July  27, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced the pricing of $322 million aggregate principal amount of 10-year mortgage insurance-linked notes issued by Oaktown Re IV Ltd. (Oaktown Re IV), a newly formed Bermuda special-purpose insurer.  The notes were offered for sale to eligible third-party investors in an unregistered private offering.  Oaktown Re IV is not a subsidiary or affiliate of NMIH.  The transaction is expected to close on July 30, 2020, subject to customary conditions.

National MI Announces $322 Million Insurance-Linked Notes Transaction

Private mortgage insurer’s integration with end-to-end digital platform enables a streamlined mortgage process for loan officers, mortgage brokers and consumers Private mortgage insurer’s integration with end-to-end digital platform enables a streamlined mortgage process for loan officers, mortgage brokers and consumers

National MI Integrates with Cloudvirga

EMERYVILLE, Calif., July  10, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ: NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its second quarter ended June 30, 2020 after the market close on Wednesday, August 5, 2020. 

NMI Holdings to Release Second Quarter 2020 Financial Results on August 5, 2020

EMERYVILLE, Calif., July  06, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of June 2020.  At June 30, 2020, the company reported 10,816 loans in default and a default ratio of 2.90%.  Going forward, the company will release monthly operating statistics on the investor relations section of its website at  https://ir.nationalmi.com/investor-relations .

NMI Holdings, Inc. Releases Monthly Operating Statistics for June 2020

NMI Holdings (NMIH) is well-poised for growth on increasing new primary insurance written, direct primary insurance in force and an improving risk-based capital ratio.

Why You Should Hold NMI Holdings (NMIH) in Your Portfolio

Evolving Mortgage Default Rates Point To Bullish Case For Mortgage Insurers

NMI Holdings (NASDAQ: NMIH) shares are trading lower on Tuesday, after Keefe, Bruyette, & Woods downgraded the company's stock from Outperform to Market Perform and announced a $20 price target.

Why NMI's Stock Is Trading Lower Today

EMERYVILLE, Calif., June  05, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) (the “Company”) announced today that it priced its private offering of senior secured notes due 2025 (the “Notes”) and increased the aggregate principal amount of the offering to $400,000,000.  The offering is expected to close on June 19, 2020, subject to customary closing conditions.  

NMI Holdings, Inc. Increases Size of Offering and Prices $400 million Senior Secured Notes Due 2025

EMERYVILLE, Calif., June  04, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq:NMIH) (the “Company”) today announced the pricing of an underwritten registered public offering of 13,800,000 shares of Class A common stock, par value $0.01 per share, at a public offering price of $14.50 per share (the “offering”). The offering was increased from the previously announced offering size of 10,000,000 shares of Class A common stock. In connection with the offering, the underwriters have a 30-day option to purchase up to 2,070,000 additional shares of Class A common stock at the public offering price, less underwriting discounts and commissions, from the Company. The offering is expected to close on June 8, 2020, subject to customary closing conditions.  The Company expects net proceeds of this offering, after deducting underwriting discounts and commissions and before expenses, of approximately $191 million, or approximately $220 million if the underwriters exercise their option to purchase additional shares in full.  The Company intends to use the net proceeds of the offering for general corporate purposes, including potential capital contributions to support the growth of new business production and operations of its subsidiaries.

NMI Holdings, Inc. Announces Pricing of $200 Million Public Offering of Common Stock

EMERYVILLE, Calif., June  03, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq:NMIH) (the “Company”) today announced it has commenced an underwritten registered public offering of 10 million shares of its Class A common stock, par value $0.01 per share (the “offering”). The Company intends to use the net proceeds of the offering for general corporate purposes, including potential capital contributions to support the growth of new business production and operations of its subsidiaries.

NMI Holdings, Inc. Announces Proposed Public Offering of Common Stock

EMERYVILLE, Calif., June  03, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) (the “Company”) today announced that it commenced an offering through a private placement of $300,000,000 aggregate principal amount of senior secured notes due 2025 (the “Notes”). Net proceeds from the Notes offering are intended to be used to repay the Company’s existing $147 million term loan and for general corporate purposes, including potential capital contributions to support the growth of new business production and operations of our subsidiaries.

NMI Holdings, Inc. Announces the Commencement of $300 Million Senior Secured Notes Offering

EMERYVILLE, Calif., June  01, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced that National Mortgage Insurance Corporation (National MI), its wholly-owned insurance subsidiary, has entered into a new quota share reinsurance arrangement, subject to customary approvals, with a broad panel of highly rated reinsurers. 

NMI Holdings, Inc. Enters Into New Quota Share Reinsurance Arrangement

EMERYVILLE, Calif., June  01, 2020  (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of May 2020. In light of the COVID-19 crisis, the company will be releasing operating updates related to the credit performance of its insured portfolio and the risk characteristics of its new insurance written on a monthly basis going forward. 

NMI Holdings, Inc. Releases Monthly Operating Statistics for May 2020

Private mortgage insurer integrated with new rate comparison tool that provides loan officers with mortgage insurance rate quotes in seconds Private mortgage insurer integrated with new rate comparison tool that provides loan officers with mortgage insurance rate quotes in seconds

National MI Integrated with PMI Rate Pro

Mortgage Insurers: Market's Misunderstanding Creates Significant Opportunity

NMI Holdings, Inc. (NMIH) CEO Claudia Merkle on Q1 2020 Results - Earnings Call Transcript

NMI Holdings: The Rising Star Of The Mortgage Insurance Industry

MGIC: Mortgage Insurers Sobering Up

EMERYVILLE, Calif., March  26, 2020  (GLOBE NEWSWIRE) --  National Mortgage Insurance Corporation (National MI) , a subsidiary of NMI Holdings, Inc., (NASDAQ: NMIH) was today named to Fortune Magazine’s list of the “30 Best Small and Medium Workplaces in Financial Services & Insurance.”  

News for NMI Hlds Stock (NMIH)