NMI Holdings Inc (OQ:NMIH)
Business Focus: Property Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2100 Powell Street, 12Th Floor EMERYVILLE CA 94608 |
| Tel: | 1-510-7888417 |
| Website: | https://www.nationalmi.com |
| IR: | See website |
| Key People | ||
| Bradley M. Shuster Executive Chairman of the Board | Adam S. Pollitzer President, Chief Executive Officer, Director | Aurora Swithenbank Chief Financial Officer, Executive Vice President |
| William J. Leatherberry Executive Vice President, Chief Administrative Officer, General Counsel | Robert Smith Executive Vice President, Chief Risk Officer | Norman P. Fitzgerald Executive Vice President, Chief Sales Officer | Mohammad Yousaf Executive Vice President - Operations and Information Technology |
| Business Overview |
| NMI Holdings, Inc. provides mortgage insurance (MI) through its wholly owned insurance subsidiaries, National Mortgage Insurance Corporation (NMIC) and National Mortgage Reinsurance Inc One (Re One). NMIC is its primary insurance subsidiary and is licensed to write MI coverage in all 50 states and District of Columbia (D.C.). Its subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. It offers two principal types of MI coverage, primary and pool. Primary MI provides default protection on individual mortgage loans at specified coverage percentages. All its primary insurance is written on first-lien mortgage loans, with nearly all secured by owner-occupied single-family homes (defined as one-to-four family homes and condominiums). Pool insurance is generally used to provide additional credit enhancement for certain secondary market mortgage transactions. It offers outsourced loan review services to mortgage originators through NMIS. |
| Financial Overview |
| For the three months ended 31 March 2024, NMI Holdings Inc revenues increased 14% to $156.3M. Net income increased 20% to $89.1M. Revenues reflect Investment income increase of 30% to $19.7M, Net realized investment losses increase from -$33K to $0K, Investment expenses increase of 7% to -$261K. Basic Earnings per Share excluding Extraordinary Items increased from $0.89 to $1.10. |
| Employees: | 234 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,982M as of Mar 31, 2024 |
| Annual revenue (TTM): | $598.48M as of Mar 31, 2024 |
| EBITDA (TTM): | $475.05M as of Mar 31, 2024 |
| Net annual income (TTM): | $336.70M as of Mar 31, 2024 |
| Free cash flow (TTM): | $354.38M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $259.41M as of Mar 31, 2024 |
| Shares outstanding: | 80,275,167 as of Apr 26, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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