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Jun 30, 2023
NMI Holdings Q2 2023 Earnings Report
Reported standout results with continued growth in insured portfolio, record profitability, and strong returns.
Key Takeaways
NMI Holdings, Inc. reported a net income of $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. The company's Board of Directors has authorized an additional $200 million share repurchase plan effective through December 31, 2025.
Primary insurance-in-force at quarter end was $191.3 billion.
Net premiums earned were $126.0 million.
Total revenue was $142.7 million.
Shareholders’ equity was $1.7 billion at quarter end and book value per share was $21.25.
NMI Holdings
NMI Holdings
Forward Guidance
NMI Holdings is well positioned to continue to serve their customers and their borrowers, support their talented team, and deliver sustained long-term performance for their shareholders.