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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.
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.com Forward Guidance
NMI Holdings remains optimistic about the broad strength of the economic recovery and resiliency of the housing market.