Nmi Holdings Stock Price, News & Analysis

NMI Holdings, parent of National Mortgage Insurance , has announced its annual Investor Day scheduled for November 21, 2024. The event will take place from 9:00 am to 11:30 am Eastern Time at the St. Regis Hotel in New York City.

Investors can attend in person or via live stream on the company's website. A replay will be available after the event. The company has provided a registration link for those interested in attending. This event offers an opportunity for investors to gain insights into NMI Holdings' performance and future strategies.

NMI Holdings (Nasdaq: NMIH) has provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae, Freddie Mac, and the Federal Housing Finance Administration on August 21, 2024. As of June 30, 2024, National MI had PMIERs total available assets of $2,828 million, compared to risk-based required assets of $1,652 million, with $1,176 million of excess funding capacity.

Under the revised PMIERs framework, the company estimates that its total available assets would have been $2,800 million and its risk-based required assets would have been $1,656 million as of June 30, 2024, with pro forma excess funding capacity of $1,144 million. The revised PMIERs framework will be implemented in phases starting March 31, 2025, and fully implemented by September 30, 2026. National MI expects to remain in full compliance throughout this period.

NMI Holdings (NMIH) reported record Q2 2024 financial results with net income of $92.1 million, or $1.13 per diluted share. This represents a 3% increase from Q1 2024 and a 15% increase from Q2 2023. Adjusted net income was $97.6 million, or $1.20 per diluted share, up 10% from Q1 2024 and 22% from Q2 2023.

Key highlights include:

• Primary insurance-in-force reached $203.5 billion
• Net premiums earned increased to $141.2 million
• Total revenue grew to $162.1 million
• Loss ratio improved to 0.2%
• Expense ratio decreased to 20.1%
• Book value per share (excluding net unrealized gains/losses) rose to $27.54

The company's strong performance positions it well for continued growth and value creation for shareholders.

NMI Holdings, parent company of National Mortgage Insurance , will announce its Q2 2024 financial results on July 30, 2024, after market close. A conference call and live webcast will follow at 2:00 p.m. PT / 5:00 p.m. ET. The webcast can be accessed via the company's website. Investors can dial (844) 481-2708 in the U.S. or (412) 317-0664 internationally to join the call. A replay of the webcast and additional materials will be available on the company's website.

National Mortgage Insurance (National MI), a subsidiary of NMI Holdings (NASDAQ: NMIH), has been certified as a Great Place to Work for the ninth consecutive year. This recognition is based on employee feedback and highlights the company's strong workplace culture, high employee satisfaction, and commitment to work-life balance. National MI's President and CEO, Adam Pollitzer, emphasized the company's mission and values as key drivers of its success. Chief Human Resources Officer, Allison Miller, reaffirmed the company's dedication to enhancing employee experiences. Further details are available on Great Place to Work's website.

NMI Holdings, Inc. announced a $425 million senior unsecured notes offering and secured a new $250 million unsecured revolving credit facility. The notes have a 6.0% interest rate, maturing in 2029. Proceeds will be used to redeem existing notes and for general corporate purposes. The company also secured a new credit facility with a syndicate of banks, led by RBC Capital Markets and others. The offering is subject to customary closing conditions.

NMI Holdings, Inc. reported record first quarter 2024 financial results with net income of $89.0 million, up 7% from the previous quarter, and diluted earnings per share of $1.08, up 8%. The company highlighted strong growth, profitability, and returns, with primary insurance-in-force reaching $199.4 billion. Key metrics such as net premiums earned, total revenue, and underwriting expenses showed positive trends. Shareholders' equity stood at $2.0 billion, with an annualized return on equity of 18.2%.