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Mar 31, 2020
NMI Holdings Q1 2020 Earnings Report
NMI Holdings reported GAAP net income and new insurance written increased compared to Q1 2019.
Key Takeaways
NMI Holdings, Inc. reported a GAAP net income of $58.3 million for the first quarter ended March 31, 2020, compared to $32.9 million for the first quarter ended March 31, 2019. New insurance written was $11.3 billion, up 63% compared to the first quarter of 2019.
Primary insurance-in-force at quarter end was $98.5 billion, up 34% compared to the first quarter of 2019
New insurance written was $11.3 billion, up 63% compared to the first quarter of 2019
Net premiums earned were $98.7 million, up 34% compared to the first quarter of 2019
At quarter-end, cash and investments were $1.2 billion and shareholders’ equity was $975 million, equal to $14.15 per share
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comOther Revenues Revenue
CapyFin.com Forward Guidance
The company has filed a Form 8-K with the SEC that includes its current assessment of the impact the COVID-19 outbreak will have on the U.S. economy and housing market, and its perspective on the implications for the U.S. mortgage insurance market, and its business performance and financial position.
Revenue & Expenses
Visualization of income flow from segment revenue to net income