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.
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.
NMI Holdings, Inc. (Nasdaq: NMIH) appoints Ravi Mallela as Executive Vice President and Chief Financial Officer, effective January 10, 2022, succeeding Adam Pollitzer, who becomes President and CEO on January 1, 2022. Mallela brings extensive financial leadership experience from First Hawaiian, Inc. and other major financial institutions. Pollitzer expressed confidence in Mallela's capabilities, emphasizing a commitment to growth and long-term value for shareholders. NMI Holdings operates as a private mortgage insurance provider, supporting low down payment borrowers while safeguarding lender interests.
NMI Holdings, Inc. (NASDAQ: NMIH) announced an amendment to its senior secured revolving credit facility, increasing its capacity to $250 million and extending the maturity date to November 10, 2025. No funds have been borrowed under this facility. The company expressed satisfaction with the long-term support from its expanded banking partners, which enhances its capital and liquidity position. Key financial partners include J.P. Morgan Chase Bank, Citibank, and RBC Capital Markets.
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NMI Holdings, Inc. (NASDAQ: NMIH) announced key executive changes effective January 1, 2022. Norm Fitzgerald has been promoted to Executive Vice President and Chief Sales Officer, while Mohammad Yousaf becomes Executive Vice President, Operations and IT. Patrick Mathis, the current Executive Vice President and COO, will retire on April 1, 2022, after nearly a decade with the company. Fitzgerald and Yousaf bring extensive experience and success in their previous roles, indicating a strategic focus on sales and operations as NMIH prepares for future growth.
National MI has announced the integration of its Rate GPS pricing with OpenClose LenderAssist LOS, enhancing the ordering process for private mortgage insurance. This collaboration allows lenders to obtain rate quotes and order mortgage insurance seamlessly through the OpenClose platform. Chief Sales Officer Norm Fitzgerald emphasized the efficiency gains for lenders, while OpenClose's Chief Revenue Officer highlighted the cost and time savings for customers. This partnership aims to streamline the mortgage insurance process, benefiting both organizations and their users.
NMI Holdings, Inc. (NMIH) reported a net income of $60.2 million, or $0.69 per diluted share, for the third quarter of 2021, reflecting a 5% increase from the previous quarter and a significant 58% year-over-year growth. Adjusted net income rose to $61.8 million, equating to $0.71 per diluted share. The primary insurance-in-force reached $143.6 billion, up 5% quarter-over-quarter and 37% year-over-year. Shareholders' equity increased by 4% from the previous quarter. The favorable credit performance and demand for down payment assistance position the company well for continued growth.