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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) has announced it will report third-quarter results for the period ending September 30, 2022, after market close on November 1, 2022. A conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET, accessible in the U.S. at (877) 270-2148 or internationally at (412) 902-6510. The earnings press release and supplemental information will be available on their website, ensuring transparency for investors.
NMI Holdings, the parent of National Mortgage Insurance Corporation, will host its annual Investor Day on November 17, 2022, from 9:00 am to 11:30 am ET at the St. Regis Hotel, New York City. The event will be live streamed and archived on the company’s website. This event provides an opportunity for investors to gain insights into the company's performance and future strategies. Interested participants can register through the provided link and email responses to investor relations.
NMI Holdings, Inc. (NASDAQ: NMIH) announced a new excess-of-loss reinsurance agreement through its wholly-owned subsidiary, National Mortgage Insurance Corporation, effective July 1, 2022. This agreement covers policies originated from April to June 2022, providing loss protection from a 2.25% claims threshold to a 6.65% aggregate detachment level. National MI expects full PMIERs credit upon GSE approval. CFO Ravi Mallela highlighted the importance of this transaction for minimizing credit risk in their high-quality portfolio and enhancing access to capital markets.
National Mortgage Insurance Corporation (National MI) has integrated with Mortgage Cadence's cloud-based digital lending platform (MCP). This partnership enables lenders to access real-time, risk-based mortgage insurance quotes through National MI's Rate GPS® tool directly within MCP, streamlining the mortgage insurance ordering process. The API integration allows quick retrieval of accurate quotes, enhancing operational efficiency and user experience for lenders. National MI aims to simplify processes for lenders and improve overall loan closure rates.
NMI Holdings, Inc. (NMIH) reported net income of $75.4 million for Q2 2022, equating to $0.86 per diluted share, marking an 11% increase from Q1 and a 31% rise year-over-year. Adjusted net income also grew to $74.3 million. Primary insurance-in-force rose to $168.6 billion, up 6% quarter-over-quarter and 23% year-over-year. Net premiums earned increased by 4% sequentially to $120.9 million. Shareholders’ equity reached $1.5 billion with a book value per share of $19.91, reflecting a 5% increase.
NMI Holdings, Inc. (NASDAQ: NMIH) has announced it will release its second-quarter financial results for the period ending June 30, 2022, after the market closes on August 2, 2022. A conference call and live webcast will follow at 2:00 p.m. Pacific Time. Investors can access the webcast via the company’s website. NMI Holdings, a private mortgage insurance provider, supports low-down-payment borrowers while protecting lenders against defaults. Further details and a replay of the webcast will be available on their website.
NMI Holdings reported a net income of $67.7 million, or $0.77 per diluted share, for Q1 2022, marking a 12% increase from Q4 2021 and 28% year-over-year. Adjusted net income was $67.5 million, also up 6% sequentially. The company entered a $290 million reinsurance agreement, enhancing portfolio risk protection. Primary insurance-in-force rose to $158.9 billion, a 4% increase from the previous quarter, with net premiums earned at $116.5 million, up 2%. Notably, underwriting expenses decreased 15%.
NMI Holdings, Inc. (NASDAQ: NMIH) will announce its first-quarter financial results for the period ending March 31, 2022, after market hours on May 4, 2022. The company plans to conduct a conference call and live webcast at 2:00 PM PT / 5:00 PM ET, which can be accessed via their website or by dialing the provided numbers. A replay of the webcast and supplemental earnings information will also be available. NMI Holdings provides mortgage insurance solutions that support low-down-payment borrowers and protect lenders from defaults.
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