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Sep 30, 2024
NMI Holdings Q3 2024 Earnings Report
Reported strong operating performance, consistent growth, and standout financial results
Key Takeaways
NMI Holdings, Inc. reported a net income of $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024. The company also entered into new reinsurance agreements for business originated between January 1, 2025, and December 31, 2027.
Primary insurance-in-force at quarter end was $207.5 billion, compared to $203.5 billion at the end of the second quarter.
Net premiums earned were $143.3 million, compared to $141.2 million in the second quarter.
Total revenue was $166.1 million, compared to $162.1 million in the second quarter.
Net income was $92.8 million, compared to $92.1 million in the second quarter.
Revenue by Geographic Location
Forward Guidance
The company has entered into a series of new quota share and excess-of-loss reinsurance agreements that will provide forward flow coverage, broad risk protection and efficient PMIERs funding for new business originated between January 1, 2025 and December 31, 2027.
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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