Nmi Holdings Stock Price, News & Analysis

NMI Holdings, Inc. (NMIH) reported a net income of $57.5 million, or $0.65 per diluted share, for Q2 2021, an increase from $52.9 million in Q1 2021 and $26.8 million in Q2 2020. Adjusted net income was $58.1 million, reflecting a 9% quarter-over-quarter rise. Key metrics include a 10% increase in primary insurance-in-force to $136.6 billion and net premiums earned of $110.9 million, up 5% from Q1. Shareholders' equity reached $1.5 billion, up 6% quarter-over-quarter.

NMI Holdings, Inc. (NASDAQ: NMIH) will release its second quarter earnings on August 3, 2021, after market close. The company operates National Mortgage Insurance Corporation, providing mortgage insurance to enable low-down-payment borrowers to achieve home ownership while safeguarding lenders from defaults. A live conference call is scheduled for 2:00 PM PT, allowing investors to discuss the results. A replay along with the earnings press release will be accessible on their website.

On July 6, 2021, NMI Holdings reported operational statistics for June 2021, revealing 8,764 loans in default with a default rate of 1.86%. The company has decided to cease its monthly reporting of selected statistics that began during the COVID pandemic, opting to include them in quarterly earnings releases moving forward. The default rate has decreased from earlier periods, indicating a potential normalization in the economic environment.

NMI Holdings, Inc. (NMIH) reported its operating statistics for May 2021, revealing a total of 9,387 loans in default and a default rate of 2.04%. This marks a decline from previous months, reflecting a slight recovery in loan performance. Key metrics include a weighted average FICO of 754, loan-to-value (LTV) ratio of 91.4%, and debt-to-income (DTI) of 34.5%. Despite the downward trend in defaults, the company cautions that challenges from the COVID-19 pandemic may lead to an increase in defaults as borrowers potentially turn to forbearance options.

NMI Holdings reported a net income of $52.9 million, or $0.61 per diluted share for Q1 2021, up from $48.3 million in Q4 2020 but down from $58.3 million in Q1 2020. Adjusted net income was $53.4 million, a 5% increase from Q4 2020. New insurance written was $26.4 billion, a 33% quarter-over-quarter increase. The company's primary insurance-in-force grew 11% to $123.8 billion. NMIH maintained a strong cash position with $1.9 billion in cash and investments, reflecting positive credit performance and a favorable outlook for the economy.

NMI Holdings, Inc. (Nasdaq: NMIH) announced the closing of a $367 million mortgage insurance-linked notes offering by Oaktown Re VI Ltd., a Bermuda-based reinsurance company. The notes have a 12.5-year legal maturity and include five classes with varying interest rates starting from one-month LIBOR plus 1.65% to 5.50%. NMIH’s subsidiary, National Mortgage Insurance Corporation, will receive fully collateralized excess of loss reinsurance protection for existing mortgage insurance policies, covering losses beginning at a 1.85% cumulative claim rate threshold.

NMI Holdings, Inc. (NASDAQ: NMIH) will announce its Q1 results on May 4, 2021, after market close. The scheduled conference call and webcast will start at 2:00 PM PT / 5:00 PM ET, accessible through their website. As the parent company of National Mortgage Insurance Corporation, NMIH focuses on aiding low-down-payment borrowers while protecting lenders from defaults. Investors can expect an earnings release and corresponding supplemental information post-call.