NMI Holdings Inc (OQ:NMIH)

Sector:  Financials Industry:  Property & Casualty Insurance
See Regulatory Filings on SEC
Company Contact
Address: 2100 Powell St Fl 12
EMERYVILLE CA 94608-1894
Tel: 1-510-7888417
Website: www.nationalmi.com
IR: See website
Key People
Bradley M. Shuster
Executive Chairman of the Board, Director
Claudia J. Merkle
President, Chief Executive Officer, Director
Adam S. Pollitzer
Chief Financial Officer
Patrick L. Mathis
Chief Operating Officer, Executive Vice President
William J. Leatherberry
Executive Vice President, Chief Legal Officer General Counsel, Secretary
Business Overview
NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company's primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs). Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. NMIH's subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. Its Primary mortgage insurance provides mortgage default protection on individual loans at specified coverage percentages. Primary insurance may be written on a flow basis, in which loans are insured as loan originations occur in individual, loan-by-loan transactions, or an aggregated basis, in which each loan in a portfolio of loans is individually insured in a single transaction, typically after the loans have been originated.
Financial Overview
For the fiscal year ended 31 December 2019, NMI Holdings Inc revenues increased 35% to $370.1M. Net income increased 59% to $172M. Revenues reflect Investment Income, Gross - Insurance increase of 29% to $31.3M, Investment Expense - Insurance increase of 41% to -$476K. Net income benefited from Interest expense decrease of 19% to $12.1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from $1.66 to $2.54.
Employees: 321 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $835.36M as of Dec 31, 2019
Annual revenue (TTM): $370.11M as of Dec 31, 2019
EBITDA (TTM): $238.04M as of Dec 31, 2019
Net annual income (TTM): $171.96M as of Dec 31, 2019
Free cash flow (TTM): $198.19M as of Dec 31, 2019
Net Debt Last Fiscal Year: $104.68M as of Dec 31, 2019
Shares outstanding: 68,609,008 as of Mar 16, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization