NMIH Q1 net income $89M ($1.08 EPS), record results; insurance-in-force up 7% YoY

NMI Holdings, Inc.

2024-Q1 EPS reported $1.08 revenue$156,253,000

Diluted EPS $1.08, up 24% YoY; adjusted EPS also $1.08.
Total revenue $156.3M, up 14% YoY; net premiums earned $136.7M (+12%).
Primary insurance-in-force $199.4B, up 1% QoQ and 7% YoY.
Loss ratio improved to 2.7% from 5.5% a year ago; expense ratio 21.8%.
Annualized ROE 18.2%; book value per share (ex-U/L) $26.42, up 17% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NMI Holdings, Inc. reported three months ended March 31, 2024 results: net income net income of $89.0 million, EPS Diluted earnings per share was $1.08.

Period: three months ended March 31, 2024
Net income: net income of $89.0 million
EPS: Diluted earnings per share was $1.08
Result: reported results

Exact text from the filing

NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $89.0 million, up 7% compared to $83.4 million in the fourth quarter ended December 31, 2023 and up 20% compared to $74.5 million in the first quarter ended March 31, 2023. Diluted earnings per share was $1.08, up 8% compared to $1.01 in the fourth quarter ended December 31, 2023 and up 24% compared to $0.88 in the first quarter ended March 31, 2023.

View on SEC.gov

1435 earnings releases filed in the last 30 days. Browse all earnings releases →

NMI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001547903-24-000101

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.