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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
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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