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Mar 31, 2024
NMI Holdings Q1 2024 Earnings Report
Reported record financial results for the first quarter of 2024.
Key Takeaways
NMI Holdings, Inc. reported a net income of $89.0 million, a 20% increase compared to the first quarter of 2023. Diluted earnings per share was $1.08, up 24% compared to the same period last year. The company's primary insurance-in-force at quarter end was $199.4 billion, and total revenue was $156.3 million.
Primary insurance-in-force at quarter end was $199.4 billion, compared to $186.7 billion in the first quarter of 2023.
Net premiums earned were $136.7 million, compared to $121.8 million in the first quarter of 2023.
Total revenue was $156.3 million, compared to $136.8 million in the first quarter of 2023.
Net income was $89.0 million, up 20% compared to $74.5 million in the first quarter of 2023.
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 is well-positioned to continue delivering differentiated growth, returns and value for its shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income