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Jun 30, 2020
NMI Holdings Q2 2020 Earnings Report
Reported GAAP net income of $26.8 million, or $0.36 per diluted share.
Key Takeaways
NMI Holdings, Inc. reported GAAP net income of $26.8 million, or $0.36 per diluted share, for the second quarter ended June 30, 2020. New insurance written was $13.1 billion, up 8% compared to the second quarter of 2019. Net premiums earned were $98.9 million, up 19% compared to $83.2 million in the second quarter of 2019.
Primary insurance-in-force at quarter end was $98.9 billion, up 21% compared to the second quarter of 2019
New insurance written was $13.1 billion, up 8% compared to $12.2 billion in the second quarter of 2019
Net premiums earned were $98.9 million, up 19% compared to $83.2 million in the second quarter of 2019
At quarter-end, cash and investments were $1.9 billion and shareholders’ equity was $1.3 billion, equal to $14.82 per share
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.com Forward Guidance
The company has filed a Form 8-K 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.