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Sep 30, 2021
NMI Holdings Q3 2021 Earnings Report
Reported strong operating performance, significant growth, and record financial results.
Key Takeaways
NMI Holdings, Inc. reported a net income of $60.2 million, or $0.69 per diluted share, for the third quarter ended September 30, 2021. The company saw growth in its insured portfolio and favorable credit performance.
Primary insurance-in-force at quarter end was $143.6 billion, up 5% from the second quarter and 37% compared to the third quarter of 2020.
Net premiums earned were $113.6 million, up 2% compared to the second quarter and 15% compared to the third quarter of 2020.
Underwriting and operating expenses were $34.7 million, including $1.3 million of costs incurred in connection with CEO transition and $0.5 million of capital market transaction costs.
Shareholders' equity was $1.5 billion at quarter end, equal to $17.68 per share, up 4% compared to the second quarter and 15% compared to the third quarter of 2020.
Forward Guidance
No specific forward guidance was provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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