earnings
confidence high
sentiment positive
materiality 0.75
NMIH Q3 net income $84M ($1.00 EPS), record profitability; insurance-in-force up 9% YoY to $194.8B
NMI Holdings, Inc.
2023-Q3 EPS reported
$2.83
revenue$427,623,000
- Net income $84.0M ($1.00 diluted EPS), up 5% QoQ and 9% YoY; record Q3 profitability.
- Total revenue $148.2M, net premiums earned $130.1M (+10% YoY); insurance-in-force $194.8B (+9% YoY).
- New insurance written $11.3B, down 34% YoY reflecting market conditions; loss ratio 3.7%.
- Adjusted book value per share $24.56, up 18% YoY; annualized ROE 19.0%.