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NMI Holdings, Inc. reports developments for its National Mortgage Insurance Corporation subsidiary, a U.S.-based private mortgage insurance company that supports low down payment borrowers and protects lenders and investors against losses tied to borrower default. Recurring updates cover quarterly and annual financial results, insured portfolio growth, new insurance written, credit performance, risk-transfer solutions, shareholders’ equity and book value trends. Company announcements also include earnings-call schedules, financial-institution conference participation, and board governance changes such as independent-director appointments.
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NMI Holdings, Inc. (NASDAQ: NMIH) is set to announce its financial results for the first quarter ending March 31, 2023, after market close on May 2, 2023. Following the release, a conference call is scheduled for 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, which can be accessed by dialing (844) 481-2708 domestically or (412) 317-0664 internationally. The earnings press release and supplementary materials will be available on the company's website, ensuring investors have access to comprehensive financial insights.
NMI Holdings, through its subsidiary National Mortgage Insurance Corporation, facilitates low-down-payment homeownership while safeguarding lenders from borrower default risks.
NMI Holdings (NASDAQ: NMIH) has announced its integration with Blend's Loan Officer Toolkit, enhancing the mortgage process for lenders and consumers. This collaboration allows lenders to obtain fast and accurate mortgage insurance quotes through National MI's Rate GPS® tool, streamlining the workflow for loan officers and improving the borrower experience. Norm Fitzgerald, Chief Sales Officer, emphasized that this partnership aims to foster transparency and efficiency, meeting consumer needs more effectively. The integration is positioned to strengthen relationships with borrowers by providing timely rate information at the point of sale.
NMI Holdings, Inc. (Nasdaq: NMIH) reported a net income of $72.9 million or $0.86 per diluted share for Q4 2022, down from $76.8 million or $0.90 per share in Q3 2022, but up from $60.5 million or $0.69 per share the previous year. Full-year net income reached $292.9 million or $3.39 per diluted share, a significant increase from $231.1 million in 2021. The primary insurance-in-force rose to $184.0 billion, while net premiums earned were $119.6 million, marking a 5% year-over-year increase. Shareholders’ equity was $1.6 billion with a book value per share of $19.31.
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.