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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.
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.
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NMI Holdings reported a net income of $67.7 million, or $0.77 per diluted share, for Q1 2022, marking a 12% increase from Q4 2021 and 28% year-over-year. Adjusted net income was $67.5 million, also up 6% sequentially. The company entered a $290 million reinsurance agreement, enhancing portfolio risk protection. Primary insurance-in-force rose to $158.9 billion, a 4% increase from the previous quarter, with net premiums earned at $116.5 million, up 2%. Notably, underwriting expenses decreased 15%.
NMI Holdings, Inc. (NASDAQ: NMIH) will announce its first-quarter financial results for the period ending March 31, 2022, after market hours on May 4, 2022. The company plans to conduct a conference call and live webcast at 2:00 PM PT / 5:00 PM ET, which can be accessed via their website or by dialing the provided numbers. A replay of the webcast and supplemental earnings information will also be available. NMI Holdings provides mortgage insurance solutions that support low-down-payment borrowers and protect lenders from defaults.
National Mortgage Insurance Corporation, a subsidiary of NMI Holdings (NASDAQ: NMIH), announced that Ralph Remy, Director of Client Digital Experience, received the 2021 Emerging Training Leaders award from Training magazine. This accolade recognizes exemplary leadership and innovation in training initiatives. Remy has significantly impacted National MI's training efforts, managing the MI University program, which educated over 6,600 attendees in 2021 through more than 95 webinars. His leadership enhances client engagement strategies.
NMI Holdings, Inc. (NMIH) reported a strong performance for Q4 2021, with net income of $60.5 million or $0.69 per diluted share, a slight increase from Q3 2021. Adjusted net income rose to $63.5 million or $0.73 per diluted share. For the full year 2021, net income reached $231.1 million, an increase from $171.6 million in 2020. The company announced a $125 million share repurchase program aimed at enhancing shareholder value. New insurance written totaled $18.3 billion, while the primary insurance-in-force increased to $152.3 billion.
NMI Holdings, Inc. (NASDAQ: NMIH) will announce its fourth quarter and full year results for the period ending December 31, 2021, after the market closes on February 15, 2022. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) for investors and interested parties to discuss the results. Participants can access the call via phone or through a live webcast on the company’s website. The results and supplemental information will be made available following the call.