Loading...
•
Mar 31, 2022
NMI Holdings Q1 2022 Earnings Report
Reported strong financial results for the first quarter of 2022, driven by significant new business production, improving persistency, and favorable credit performance.
Key Takeaways
NMI Holdings reported a net income of $67.7 million, or $0.77 per diluted share, for Q1 2022. The company also entered into a $290 million excess of loss reinsurance agreement.
Primary insurance-in-force at quarter end was $158.9 billion, up 4% from the previous quarter and 28% year-over-year.
Net premiums earned were $116.5 million, up 2% from the previous quarter and 10% year-over-year.
Underwriting and operating expenses were $32.9 million, down 15% from the previous quarter and 3% year-over-year.
Insurance claims and claim expenses was a benefit of $0.6 million, compared to a benefit of $0.5 million in the previous quarter and an expense of $5.0 million in the first quarter of 2021.
Forward Guidance
National MI is well positioned to lead with impact, innovation and success, and to continue building franchise value, embedded portfolio value and shareholder value.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...