Nmi Holdings Stock Price, News & Analysis

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.

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.