NMI Holdings, Inc. Announces S&P Rating Upgrades
NMI Holdings, Inc. (Nasdaq: NMIH) announced that S&P Global Ratings has upgraded its ratings for the company and its subsidiary, National Mortgage Insurance (National MI). S&P raised National MI's long-term insurer financial strength rating to 'A-' and NMI Holdings' issuer credit rating to 'BBB-', both with stable outlooks.
The upgrades were based on several factors, including:
- Strong growth in shareholders' equity
- Balanced and diversified capital structure
- Quality of the insured portfolio
- Track record of underwriting profitability
- Substantial use of reinsurance to protect performance across market cycles
These upgrades reflect S&P's positive assessment of NMI Holdings' and National MI's financial strength and stability in the mortgage insurance industry.
NMI Holdings, Inc. (Nasdaq: NMIH) ha annunciato che S&P Global Ratings ha migliorato le valutazioni della società e della sua sussidiaria, National Mortgage Insurance (National MI). S&P ha elevato il rating di solidità finanziaria a lungo termine di National MI a 'A-' e il rating di credito emittente di NMI Holdings a 'BBB-', entrambi con prospettive stabili.
I miglioramenti sono stati basati su diversi fattori, tra cui:
- Forte crescita del patrimonio netto degli azionisti
- Struttura del capitale equilibrata e diversificata
- Qualità del portafoglio assicurato
- Esperienza di redditività nell'underwriting
- Uso sostanziale della riassicurazione per proteggere le performance attraverso i cicli di mercato
Questi miglioramenti riflettono la valutazione positiva di S&P sulla solidità finanziaria e stabilità di NMI Holdings e National MI nel settore dell'assicurazione ipotecaria.
NMI Holdings, Inc. (Nasdaq: NMIH) anunció que S&P Global Ratings ha mejorado sus calificaciones para la empresa y su subsidiaria, National Mortgage Insurance (National MI). S&P elevó la calificación de fortaleza financiera a largo plazo de National MI a 'A-' y la calificación de crédito emisor de NMI Holdings a 'BBB-', ambas con perspectivas estables.
Las mejoras se basaron en varios factores, que incluyen:
- Fuerte crecimiento en el patrimonio de los accionistas
- Estructura de capital equilibrada y diversificada
- Calidad de la cartera asegurada
- Historial de rentabilidad en suscripción
- Uso sustancial de reaseguro para proteger el rendimiento a lo largo de los ciclos del mercado
Estas mejoras reflejan la evaluación positiva de S&P sobre la fortaleza financiera y la estabilidad de NMI Holdings y National MI en la industria de seguros hipotecarios.
NMI Holdings, Inc. (Nasdaq: NMIH)가 S&P Global Ratings가 회사 및 그 자회사인 National Mortgage Insurance(National MI)의 신용 등급을 상향 조정했다고 발표했습니다. S&P는 National MI의 장기 보험사 재무 건전성 등급을 'A-'로, NMI Holdings의 발행자 신용 등급을 'BBB-'로 각각 인상했으며, 두 등급 모두 안정적인 전망을 가지고 있습니다.
이번 상향 조정은 다음과 같은 여러 요소에 기반하고 있습니다:
- 주주 자본의 강력한 성장
- 균형 잡힌 다양화 자본 구조
- 보험 포트폴리오의 품질
- 언더라이팅 수익성의 실적
- 시장 주기를 통틀어 성능을 보호하기 위한 상당한 재보험 이용
이번 상향 조정은 S&P가 NMI Holdings와 National MI의 재무 건전성과 안정성을 긍정적으로 평가하고 있음을 보여줍니다.
NMI Holdings, Inc. (Nasdaq: NMIH) a annoncé que S&P Global Ratings a rehaussé ses évaluations pour l'entreprise et sa filiale, National Mortgage Insurance (National MI). S&P a élevé la note de solidité financière à long terme de National MI à 'A-' et la note de crédit de l'émetteur de NMI Holdings à 'BBB-', toutes deux avec des perspectives stables.
Les rehaussements étaient basés sur plusieurs facteurs, notamment :
- Une forte croissance des capitaux propres des actionnaires
- Une structure de capital équilibrée et diversifiée
- La qualité du portefeuille assuré
- Un historique de rentabilité de souscription
- Une utilisation substantielle de la réassurance pour protéger les performances à travers les cycles de marché
Ces rehaussements reflètent l'évaluation positive de S&P sur la solidité financière et la stabilité de NMI Holdings et de National MI dans l'industrie de l'assurance hypothécaire.
NMI Holdings, Inc. (Nasdaq: NMIH) gab bekannt, dass S&P Global Ratings die Ratings des Unternehmens und seiner Tochtergesellschaft, National Mortgage Insurance (National MI), angehoben hat. S&P hat die langfristige Finanzstärke-Bewertung von National MI auf 'A-' und das Emittenten-Kreditrating von NMI Holdings auf 'BBB-' angehoben, beide mit stabilen Ausblicken.
Die Herabstufungen basierten auf mehreren Faktoren, darunter:
- Starkes Wachstum des Eigenkapitals der Aktionäre
- Ausgewogene und diversifizierte Kapitalstruktur
- Qualität des versicherten Portfolios
- Erfolgsbilanz der Rentabilität im Underwriting
- Umfassender Einsatz von Rückversicherung zum Schutz der Leistung über Marktzyklen hinweg
Diese Herabstufungen spiegeln die positive Bewertung von S&P zur finanziellen Stärke und Stabilität von NMI Holdings und National MI in der Hypothekenversicherungsbranche wider.
- S&P Global Ratings upgraded National MI's long-term insurer financial strength rating to 'A-'
- S&P upgraded NMI Holdings' issuer credit rating to 'BBB-'
- Both ratings carry a stable outlook
- Strong growth in shareholders' equity noted by S&P
- Track record of underwriting profitability highlighted
- Substantial use of reinsurance to protect performance across market cycles
- None.
EMERYVILLE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced that S&P Global Ratings (“S&P”) has raised its long-term insurer financial strength rating on National Mortgage Insurance Corporation (National MI) to “A-” and its issuer credit rating on NMI Holdings, Inc. to “BBB-”. Both ratings carry a stable outlook.
S&P’s rationale in support of the upgrade includes National MI’s strong growth in shareholders’ equity and broadly balanced and diversified capital structure, as well as its insured portfolio quality, track record of underwriting profitability and substantial use of reinsurance to protect performance across market cycles.
About NMI Holdings, Inc.
NMI Holdings, Inc. (NASDAQ: NMIH), is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act”), the U.S. Private Securities Litigation Reform Act of 1995, or in releases made by the U.S. Securities and Exchange Commission (“SEC”), all as may be amended from time to time. Forward-looking statements are statements about future, not past, events and rely on a number of assumptions concerning future events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding National MI’s positioning for its future performance. More information about the risks, uncertainties and assumptions affecting National MI include, but are not necessarily limited to, the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the SEC. We do not undertake, and specifically disclaim, any obligation to revise any forward-looking statements to reflect the occurrence of future events or circumstances.
Investor Contact
John M. Swenson
Vice President, Investor Relations & Treasury
John.Swenson@NationalMI.com
(510) 788-8417
FAQ
What new ratings did S&P Global Ratings assign to NMI Holdings (NMIH) and its subsidiary?
What factors contributed to the S&P rating upgrades for NMI Holdings (NMIH)?
How does the S&P rating upgrade affect NMI Holdings' (NMIH) financial outlook?
What is the significance of NMI Holdings' (NMIH) reinsurance strategy according to S&P?
