NMI Holdings Inc
NASDAQ:NMIH

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NMI Holdings Inc
NASDAQ:NMIH
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Price: 34.86 USD -2.3% Market Closed
Market Cap: 2.8B USD

NMI Holdings Inc
Investor Relations

NMI Holdings Inc., the parent company of National Mortgage Insurance Corporation, operates at the heart of the housing finance system in the United States, providing vital private mortgage insurance solutions. As housing remains a cornerstone of the American Dream, NMI Holdings emerges as a critical enabler, facilitating the pathway to homeownership for a diverse array of individuals. The company's business model revolves around offering private mortgage insurance to lenders, a financial guardrail that shields mortgage issuers against default risks. By transferring some of this risk to themselves, NMI Holdings helps lenders originate higher-risk loans with smaller down payments, effectively enabling more people to purchase homes. This strategic positioning not only fosters financial inclusivity but also generates a stable revenue stream, derived largely from premium payments on mortgage insurance policies.

The company's revenue model is intricately tied to the housing and mortgage sectors' cyclical nature. Premiums form the backbone of NMI Holdings' revenue, and as more policies are underwritten, corresponding revenues increase, presenting a scalable growth opportunity. The company's profitability is closely linked to a delicate balance of risk management and market expansion. NMI employs rigorous underwriting standards and risk assessment procedures to safeguard its financial stability while simultaneously capitalizing on an expanding market space filled with prospective homeowners. By leveraging advanced technologies and data analytics, NMI Holdings refines its risk assessment processes, ensuring sustainable growth and resilience against market volatility. This strategic foresight not only empowers NMI Holdings to serve an ever-growing customer base but also reinforces its foothold within the competitive landscape of mortgage insurance.

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Earnings Calls

2024 Q3
Nov 6, 2024
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National MI Reports Record Revenue and Strong Growth Amid Resilient Housing Market
2024 Q3
Nov 6, 2024

In the third quarter, National MI achieved a record revenue of $166.1 million and a GAAP net income of $92.8 million, or $1.15 per diluted share, reflecting a 17.5% return on equity. They generated $12.2 billion in new insurance written, raising their primary insurance in force to $207.5 billion—up 7% year-over-year. The company's persistency improved slightly to 85.5%. Despite some macro risks, the housing market remains resilient. Looking ahead, they expect the MI industry’s new insurance written volume in 2024 to be around $285 billion, maintaining positive market conditions and significant opportunities for growth.

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Management

Mr. Bradley Mize Shuster C.F.A.
Executive Chairman
No Bio Available
Mr. William J. Leatherberry J.D.
Executive VP, Chief Administrative Officer & Secretary
No Bio Available
Mr. Robert Owen Smith
Executive VP & Chief Risk Officer
No Bio Available
Ms. Aurora Jean Swithenbank
Executive VP & CFO
No Bio Available
Mr. John M. Swenson
Vice President of Investor Relations & Treasury
No Bio Available
Ms. Lesley Alli
Senior VP of Industry Relations & Corporate Communications
No Bio Available
Mr. Norman P. Fitzgerald
Executive VP & Chief Sales Officer
No Bio Available
Ms. Allison Miller
Senior VP & CHRO
No Bio Available
Mr. Mohammad Yousaf
Executive Vice President of Operations & IT
No Bio Available
Mr. Andrew Greenberg
Senior VP of Finance
No Bio Available

Contacts

Address
CALIFORNIA
Emeryville
2100 Powell St Fl 12
Contacts
+18555306642.0
www.nationalmi.com