Welcome to our dedicated page for Nmi Holdings news (Ticker: NMIH), a resource for investors and traders seeking the latest updates and insights on Nmi Holdings stock.
NMI Holdings, Inc. (NMIH) provides essential private mortgage insurance solutions that enable lenders to manage risk while expanding homeownership opportunities. This dedicated news hub offers investors and industry professionals timely updates on the company’s strategic initiatives, financial performance, and market developments.
Access official press releases, earnings announcements, and regulatory filings in one centralized location. Our curated collection includes updates on mortgage insurance innovations, risk management strategies, and industry partnerships, providing critical insights for informed decision-making.
Key coverage areas include quarterly financial results, leadership updates, product enhancements, and market expansion efforts. Bookmark this page to monitor NMIH’s evolving role in strengthening the mortgage ecosystem through its insurance solutions and technological advancements.
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%.
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