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NMI Holdings Inc - NMIH STOCK NEWS

Welcome to our dedicated news page for NMI Holdings (Ticker: NMIH), a resource for investors and traders seeking the latest updates and insights on NMI Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NMI Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NMI Holdings's position in the market.

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NMI Holdings, Inc. to Report First Quarter 2024 Results on April 30, 2024
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End-of-Day
-0.27%
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Rhea-AI Summary
National Mortgage Insurance (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), enhances integration with PMI Rate Pro, offering lenders and borrowers a streamlined process for ordering mortgage insurance. The new single API solution from PMI Rate Pro simplifies quoting, risk-allocation, and ordering functionalities, leading to time and cost savings. National MI's collaboration with PMI Rate Pro aims to provide a frictionless experience for lenders and borrowers, ultimately benefiting consumers.
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-3.39%
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NMI Holdings, Inc. announced the appointment of Aurora Swithenbank as Executive Vice President and Chief Financial Officer, effective May 1, 2024. She will succeed Ravi Mallela, who will continue to serve as CFO during the transition. Swithenbank brings extensive experience from Goldman Sachs and Vantage Group Holdings Ltd., showcasing strong financial leadership.
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-1.7%
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NMI Holdings, Inc. reported strong financial performance with net income of $83.4 million for Q4 2023, showing a slight decrease from the previous quarter. Adjusted net income for the year was $322.1 million, up from $291.6 million in 2022. The company highlighted a 18.2% return on equity and positive growth in primary insurance-in-force and total revenue. Shareholders' equity stood at $1.9 billion with a book value per share of $23.81.
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-1.68%
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NMI Holdings, Inc. announced that Moody’s has upgraded the insurance financial strength rating of its subsidiary, National Mortgage Insurance Corporation, to 'A3' and the outstanding senior notes due June 1, 2025 to 'Baa3', both with a stable outlook. Moody’s cited National MI’s solid position in the U.S. mortgage insurance market, efficient operating platform, high-quality insured portfolio, industry-leading credit performance, reinsurance program, and robust financial position as reasons for the upgrade.
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-1.05%
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NMI Holdings, Inc. (Nasdaq: NMIH) announced that Fitch Ratings assigned its subsidiary, National Mortgage Insurance Corporation, an 'A-' insurer financial strength rating and its outstanding senior notes due June 1, 2025 a 'BBB+' rating, both with a stable outlook. Fitch's rationale includes the strength of National MI's regulatory capital position, high-quality insured portfolio, risk-based pricing strategies, and best-in-class credit performance. The company's President and CEO, Adam Pollitzer, expressed satisfaction with the recognition and emphasized the robust balance sheet and earnings power of the platform.
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End-of-Day
1.49%
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NMI Holdings, Inc. (NASDAQ: NMIH) will report Q4 2023 results on February 14, 2024, followed by a conference call and webcast. The webcast and earnings release will be available on the company's website.
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1.49%
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NMI Holdings, Inc. (Nasdaq: NMIH) announced that S&P Global Ratings raised its long-term insurer financial strength rating on National Mortgage Insurance Corporation (National MI) to 'BBB+' and its issuer credit rating on NMI Holdings, Inc. to 'BB+'. Both ratings carry a stable outlook. S&P's rationale for the upgrade includes a stronger view of the company's capital adequacy, superior underwriting portfolio quality, expanding presence in the mortgage insurance sector, disciplined approach to underwriting, and substantial reinsurance protection. National MI's President and CEO, Adam Pollitzer, expressed satisfaction with the upgrade, attributing it to the company's industry-best insured portfolio quality, strong financial results, solid balance sheet, and comprehensive reinsurance protection.
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0.38%
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NMI Holdings, Inc. (NASDAQ: NMIH) appoints William Leatherberry as Chief Administrative Officer, effective January 1, 2024. Mr. Leatherberry will oversee legal, compliance, government relations, and corporate communications functions while retaining the title of General Counsel and continuing to serve as a member of the company’s Executive Committee.
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-1.66%
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CPI Card Group Inc. (Nasdaq: PMTS) announced the appointment of Ravi Mallela as an independent member of its Board of Directors, effective November 15, 2023. Mallela brings strong financial and business experience, having previously served as the Chief Financial Officer of NMI Holdings Inc. and First Hawaiian Group. With his addition, CPI's Board now consists of seven members, including six independent members.
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-2.22%
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NMI Holdings Inc

Nasdaq:NMIH

NMIH Rankings

NMIH Stock Data

2.41B
79.57M
1.51%
99.04%
1.7%
Savings Institutions
Finance and Insurance
Link
US
Emeryville

About NMIH

national mi is the leader in restoring trust in the mortgage insurance industry. we take a straightforward approach to both our products and practices to ensure lenders’ confidence in the loans they place with us. we move mi forward through innovation, and help more people get into homes by enabling low down payment borrowers to realize homeownership. national mi began with a promise to restore trust in the mortgage insurance industry, and we deliver on that promise: • pioneering 12 month rescission relief • offering the best terms of coverage • pledging a sensible and fair underwriting approach • putting customers first, always national mi. innovation that moves mi forward.