earnings
confidence high
sentiment positive
materiality 0.65
NMI Holdings Q3 net income $92.8M, EPS $1.15; insurance-in-force $207.5B; new reinsurance deals
NMI Holdings, Inc.
2024-Q3 EPS reported
$3.36
revenue$484,467,000
- Net income $92.8M ($1.15 diluted EPS), up 11% YoY; adjusted diluted EPS $1.15.
- Total revenue $166.1M (+12% YoY); net premiums earned $143.3M (+10% YoY).
- Primary insurance-in-force $207.5B (+7% YoY); new insurance written $12.2B (+8% YoY).
- Loss ratio 7.2% (vs 3.7% YoY) as claims expenses rose to $10.3M from $4.8M.
- Entered new quota share and excess-of-loss reinsurance agreements covering 2025-2027.