NMI Holdings Inc

NMIH

Equity

ISIN US6292093050 / Valor 22566774

NASDAQ (2024-12-26)

USD 37.26+0.73%

NMI Holdings Inc
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About company

NMI Holdings Inc, operating through its principal subsidiary National Mortgage Insurance Corporation, is a provider of private mortgage insurance (PMI) in the United States. The company focuses on enabling more Americans to achieve homeownership by offering PMI for borrowers who make down payments of less than 20% on their home purchases. This insurance is designed to protect lenders and investors from losses in the event of borrower default. NMI Holdings Inc employs risk-based technology to offer competitive pricing and aims to deliver exceptional service to its lender customers. The company's offerings include innovative tools like Rate GPS® for competitive mortgage insurance rates and comprehensive underwriting guidelines to streamline the mortgage insurance ordering process for lenders.

Summarized from source with an LLMView SourceSector: Finance

Net Income

NMI Holdings Inc. reported a net income of $92.1 million for the second quarter of 2024, which represents an increase from $89.0 million in the first quarter of 2024 and $80.3 million in the second quarter of 2023. This growth highlights the company's strong financial performance over the past year.

Revenue

For the second quarter of 2024, NMI Holdings Inc. achieved total revenue of $162.1 million. This is an improvement from $156.3 million in the first quarter of 2024 and $142.7 million in the second quarter of 2023, indicating a positive trend in the company's revenue generation.

Adjusted Net Income

NMI Holdings Inc. reported an adjusted net income of $97.6 million for the second quarter of 2024. This is a significant increase from $89.0 million in the first quarter of 2024 and $80.3 million in the second quarter of 2023, reflecting the company's ability to enhance profitability through adjustments.

Insurance Metrics

At the end of the second quarter of 2024, NMI Holdings Inc.'s primary insurance-in-force stood at $203.5 billion, up from $199.4 billion at the end of the first quarter and $191.3 billion at the end of the second quarter of 2023. This growth underscores the company's expanding insurance portfolio.

Book Value Per Share

NMI Holdings Inc. reported a book value per share of $27.54, excluding net unrealized gains and losses, for the second quarter of 2024. This represents an increase from $26.42 in the first quarter of 2024 and $23.53 in the second quarter of 2023, indicating a strengthening of the company's financial position.

Summarized from source with an LLMView Source

Key figures

23.7%1Y

74.6%3Y

12.0%5Y

Performance

23.2%1Y

29.6%3Y

45.8%5Y

Volatility