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Dec 31, 2022
NMI Holdings Q4 2022 Earnings Report
Reported net income of $72.9 million for the fourth quarter ended December 31, 2022.
Key Takeaways
NMI Holdings, Inc. reported a strong fourth quarter and full year 2022, with record profitability and an 18.4% return on equity. The company delivered strong operating performance, generated significant NIW volume, and achieved growth in its high-quality insured portfolio.
Primary insurance-in-force at quarter end was $184.0 billion.
Net premiums earned were $119.6 million.
Underwriting and operating expenses were $26.7 million.
Annualized return on equity for the quarter was 18.6%.
NMI Holdings
NMI Holdings
Forward Guidance
The fourth quarter capped another year of standout success for National MI. Looking forward, the company is well-positioned to continue to serve its customers and their borrowers, support its talented team, and deliver sustained performance and long-term value for its shareholders.