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NMI Holdings Inc. (NMIH) is a leader in the mortgage insurance industry, dedicated to restoring trust through innovation and a straightforward approach. Through its subsidiaries, the company provides private mortgage guaranty insurance, reinsurance on loans, and outsourced loan review services. NMI Holdings serves a broad range of clients including national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. Its key objective is to protect lenders and investors from default-related losses on a portion of the unpaid principal balance of covered mortgages.
NMI Holdings is committed to putting customers first by pioneering 12-month rescission relief, offering favorable terms of coverage, and ensuring a fair underwriting process. The company emphasizes innovation to move mortgage insurance (MI) forward, helping more low down payment borrowers achieve homeownership.
In recent developments, NMI Holdings has made significant strides, such as appointing Aurora Swithenbank as Executive Vice President and Chief Financial Officer effective May 1, 2024, with Ravi Mallela continuing as CFO through the transition period. The company has also reported substantial financial metrics, including loss ratios, expense ratios, and combined ratios, which may exhibit variations due to rounding and other factors.
For more detailed financial statistics, the company provides comprehensive information such as book value per share, which excludes net unrealized gains and losses. Notably, all unexercised warrants expired in April 2022, eliminating future changes in warrant liability valuation.
To keep investors informed, NMI Holdings offers regular updates on portfolio statistics, geographic dispersion of primary risk in force (RIF), and recent claims data. The company’s commitment to transparency and customer-centric policies continually strengthens its position in the mortgage insurance sector.
For more information, investors can contact John M. Swenson, Vice President of Investor Relations and Treasury, via email at John.Swenson@NationalMI.com or phone at (510) 788-8417.
NMI Holdings, Inc. (NASDAQ: NMIH) is set to announce its financial results for the first quarter ending March 31, 2023, after market close on May 2, 2023. Following the release, a conference call is scheduled for 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, which can be accessed by dialing (844) 481-2708 domestically or (412) 317-0664 internationally. The earnings press release and supplementary materials will be available on the company's website, ensuring investors have access to comprehensive financial insights.
NMI Holdings, through its subsidiary National Mortgage Insurance Corporation, facilitates low-down-payment homeownership while safeguarding lenders from borrower default risks.
NMI Holdings (NASDAQ: NMIH) has announced its integration with Blend's Loan Officer Toolkit, enhancing the mortgage process for lenders and consumers. This collaboration allows lenders to obtain fast and accurate mortgage insurance quotes through National MI's Rate GPS® tool, streamlining the workflow for loan officers and improving the borrower experience. Norm Fitzgerald, Chief Sales Officer, emphasized that this partnership aims to foster transparency and efficiency, meeting consumer needs more effectively. The integration is positioned to strengthen relationships with borrowers by providing timely rate information at the point of sale.
NMI Holdings, Inc. (Nasdaq: NMIH) reported a net income of $72.9 million or $0.86 per diluted share for Q4 2022, down from $76.8 million or $0.90 per share in Q3 2022, but up from $60.5 million or $0.69 per share the previous year. Full-year net income reached $292.9 million or $3.39 per diluted share, a significant increase from $231.1 million in 2021. The primary insurance-in-force rose to $184.0 billion, while net premiums earned were $119.6 million, marking a 5% year-over-year increase. Shareholders’ equity was $1.6 billion with a book value per share of $19.31.
NMI Holdings, Inc. (NASDAQ: NMIH) will release its fourth quarter and full year results for 2022 after the market closes on February 14, 2023. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET, allowing investors to gain insights into the company's performance. This session will be accessible through a live webcast on the company's website, and a replay will be available post-event. NMI Holdings, through its subsidiary National Mortgage Insurance Corporation, plays a key role in facilitating home ownership for low-down-payment borrowers while protecting lenders from default-related losses.
National Mortgage Insurance Corporation, a subsidiary of NMI Holdings (NASDAQ: NMIH), announced that Mohammad Yousaf, EVP of Operations and IT, has been named a 2023 Mortgage Industry Titan by National Mortgage Professional. This recognition highlights his contributions in mortgage technology and operations, particularly in developing National MI's API platform for efficient mortgage insurance quotes. Yousaf, who joined in 2018, has played a crucial role in enhancing the company’s digital client strategy and operational capabilities.
NMI Holdings, Inc. (Nasdaq: NMIH) reported a net income of $76.8 million, or $0.90 per diluted share, for Q3 2022, a growth from $60.2 million in Q3 2021. Adjusted net income also rose to $76.8 million. The primary insurance-in-force increased to $179.2 billion, up 6% quarter-over-quarter and 25% year-over-year. Underwriting and operating expenses decreased to $27.1 million. The annualized return on equity was 20.1%, compared to 16.2% in Q3 2021. The company emphasizes strong business performance amid economic uncertainty.
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