NMI Holdings (NMIH) Q4 Earnings Beat on Higher Premiums [Yahoo! Finance]
NMI Holdings Inc (NMIH)
Last nmi holdings inc earnings: 2/11 04:01 pm
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Source: Yahoo! Finance
NMI Holdings NMIH reported fourth-quarter 2023 operating net income per share of $1.01, which beat the Zacks Consensus Estimate by 6.3%. The bottom line increased 17.4% year over year. The quarterly results reflected higher premiums and net investment income, and increased persistency, which drove growth in the company's high-quality insured portfolio. Operational Update NMI Holdings' total operating revenues of $151.4 million increased 13.7% year over year on higher net premiums earned (up 11.1%) and net investment income (up 36.8%). Revenues beat the Zacks Consensus Estimate by 0.9%. Primary insurance in force increased 7.1% to $197 billion. Annual persistency was 86.1%, up 260 basis points (bps) year over year. New insurance written was $8.9 billion, down 16.7% year over year. Underwriting and operating expenses totaled $29.7 million, up 11.3% year over year. Insurance claims and claim expenses were $8.2 million, up 1.4% year over year. The loss ratio was 6.2, which
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NMIH
News
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility [Yahoo! Finance]Yahoo! Finance
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit FacilityGlobeNewswire
- NMI Holdings, Inc. (NASDAQ: NMIH) had its price target raised by analysts at Compass Point from $33.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- NMI Holdings Inc (NMIH) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance
- NMI Holdings, Inc. (NASDAQ: NMIH) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
NMIH
Earnings
- 4/30/24 - Beat
NMIH
Sec Filings
- 5/7/24 - Form FWP
- 5/7/24 - Form 424B2
- 5/7/24 - Form S-3ASR
- NMIH's page on the SEC website