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Dec 31, 2021
NMI Holdings Q4 2021 Earnings Report
Reported fourth quarter and full year 2021 financial results and announced a $125 million share repurchase authorization.
Key Takeaways
NMI Holdings reported a strong fourth quarter of 2021, with net income of $60.5 million, or $0.69 per diluted share, and adjusted net income of $63.5 million, or $0.73 per diluted share. The company's primary insurance-in-force grew to $152.3 billion, and new insurance written was $18.3 billion. The Board of Directors authorized a $125 million share repurchase plan.
Delivered record NIW volume.
Grew high-quality insured portfolio.
Achieved record profitability and consistently strong mid-teen returns.
Announced a $125 million debut share repurchase program.
Forward Guidance
NMI Holdings sees a compelling opportunity to continue to support borrowers in need, drive strong growth in high-quality insurance in-force, and deliver strong risk-adjusted returns.
Positive Outlook
- Continue to support borrowers in need
- Drive strong growth in our high-quality insurance in-force
- Deliver strong risk-adjusted returns
- Progress along our capital roadmap
- Provide investors with the ability to directly access value as we continue to perform
Historical Earnings Impact
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Avg. Return Before/After Earnings
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