NMI Holdings

Aug 03, 2021

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Jun 30, 2021

NMI Holdings Q2 2021 Earnings Report

NMI Holdings reported net income of $57.5 million and adjusted net income of $58.1 million.

Key Takeaways

NMI Holdings, Inc. reported strong second quarter 2021 financial results, with a net income of $57.5 million, or $0.65 per diluted share, and an adjusted net income of $58.1 million, or $0.67 per diluted share. The company saw growth in its insured portfolio and favorable credit performance.

Primary insurance-in-force at quarter end was $136.6 billion, up 10% from the first quarter and 38% compared to the second quarter of 2020.

Net premiums earned were $110.9 million, up 5% compared to the first quarter and 12% compared to the second quarter of 2020.

Insurance claims and claim expenses were $4.6 million, compared to $5.0 million in the first quarter and $34.3 million in the second quarter of 2020.

Shareholders' equity was $1.5 billion at quarter end, equal to $17.03 per share, up 6% compared to the first quarter and 15% compared to the second quarter of 2020.