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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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