Loading...
•
Sep 30, 2020
NMI Holdings Q3 2020 Earnings Report
Reported GAAP net income and record new insurance written amidst a resilient housing market.
Key Takeaways
NMI Holdings, Inc. reported a GAAP net income of $38.2 million, or $0.45 per diluted share, for the third quarter ended September 30, 2020. The company also delivered record new insurance written due to increased demand from borrowers and lenders.
Primary insurance-in-force at quarter end was $104.5 billion, up 16% compared to the third quarter of 2019.
New insurance written was $18.5 billion, up 31% compared to $14.1 billion in the third quarter of 2019.
Net premiums earned were $98.8 million, up 7% compared to $92.4 million in the third quarter of 2019.
At quarter-end, cash and investments were $1.9 billion and shareholders’ equity was $1.3 billion, equal to $15.42 per share.
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.com Forward Guidance
No forward guidance was provided in the earnings report.