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Sep 30, 2023
NMI Holdings Q3 2023 Earnings Report
Reported record profitability, growth in insured portfolio, and stand out operating performance.
Key Takeaways
NMI Holdings, Inc. reported a strong third quarter in 2023, with record profitability and growth in its insured portfolio. The company's net income was $84.0 million, or $1.00 per diluted share, compared to $76.8 million, or $0.90 per diluted share, in the third quarter of 2022.
Primary insurance-in-force at quarter end was $194.8 billion, compared to $179.2 billion at the end of the third quarter of 2022.
Net premiums earned were $130.1 million, compared to $118.3 million in the third quarter of 2022.
Total revenue was $148.2 million, compared to $130.6 million in the third quarter of 2022.
Annualized return on equity for the quarter was 19.0%, compared to 20.1% in the third quarter of 2022.
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comOther Revenues Revenue
CapyFin.com Forward Guidance
NMI Holdings is well-positioned to continue delivering differentiated growth, returns and value for its shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income