earnings
confidence medium
sentiment positive
materiality 0.70
NMIH Q1 net income $67.7M ($0.77 EPS), up 28% YoY; announces $290M reinsurance deal
NMI Holdings, Inc.
2022-Q1 EPS reported
$0.77
revenue$127,441,000
- Net income $67.7M ($0.77 diluted EPS) vs $52.9M ($0.61) in Q1 2021, a 28% increase.
- Adjusted net income $67.5M ($0.77 diluted) vs $53.4M ($0.62) in Q1 2021.
- Announced a $290 million excess of loss reinsurance agreement to manage risk.