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Dec 31, 2019
NMI Holdings Q4 2019 Earnings Report
NMI Holdings reported record results for the fourth quarter of 2019, driven by strong financial performance and growth in NIW and insurance in-force.
Key Takeaways
NMI Holdings, Inc. reported GAAP net income of $50.2 million, or $0.71 per diluted share, and adjusted net income of $52.6 million, or $0.75 per diluted share, for its fourth quarter ended December 31, 2019. The company's primary insurance-in-force was $94.8 billion, and net premiums earned for the quarter were $95.5 million.
Primary insurance-in-force reached $94.8 billion, a 6% increase compared to the previous quarter and a 38% increase year-over-year.
Net premiums earned for the quarter totaled $95.5 million, up 3% from the third quarter of 2019 and 38% from the fourth quarter of 2018.
Underwriting and operating expenses were $31.3 million, with an expense ratio of 32.8%.
Cash and investments stood at $1.2 billion, and shareholders' equity was $930 million.
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comNet Realized Investment Losses Revenue
CapyFin.comOther Revenues Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income