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Jun 30, 2022
NMI Holdings Q2 2022 Earnings Report
Reported strong financial results for the second quarter of 2022, driven by new business and increasing persistency.
Key Takeaways
NMI Holdings, Inc. reported a strong second quarter in 2022, with a net income of $75.4 million, or $0.86 per diluted share. The company saw growth in its insured portfolio, driven by new business production and increasing persistency. Favorable credit performance and expense discipline contributed to record profitability and strong returns.
Primary insurance-in-force at quarter end was $168.6 billion, up 6% from the first quarter.
Net premiums earned were $120.9 million, up 4% from the first quarter.
Underwriting and operating expenses were $30.7 million, down 7% from the first quarter.
Insurance claims and claim expenses was a benefit of $3.0 million, compared to a benefit of $0.6 million in the first quarter.
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Geographic Location
Revenue by Geographic Location
California Revenue
CapyFin.comTexas Revenue
CapyFin.comFlorida Revenue
CapyFin.comGeorgia Revenue
CapyFin.comIllinois Revenue
CapyFin.comWashington Revenue
CapyFin.comVirginia Revenue
CapyFin.comPennsylvania Revenue
CapyFin.com Forward Guidance
The company is well-positioned to continue serving customers, driving growth in its insured portfolio, and delivering strong performance for shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income