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NMI Holdings (NMIH)
NASDAQ:NMIH
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.13Last Year’s EPS
$1.01Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.24%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, growth in insurance in force, increased investment income, and a credit rating upgrade. However, concerns were noted regarding increased defaults and claims expenses. Overall, the positive aspects outweighed the challenges.Company Guidance
During the NMI Holdings Q3 2024 earnings call, the company provided guidance highlighting several key metrics. National MI reported a record total revenue of $166.1 million and a GAAP net income of $92.8 million, or $1.15 per diluted share, which reflects a 17.5% return on equity. New insurance written (NIW) volume for the quarter was $12.2 billion, with primary insurance in force reaching a record $207.5 billion, up 2% from the previous quarter and 7% year-over-year. The company also noted a persistency rate of 85.5%, slightly higher than the previous quarter's 85.4%. Furthermore, net premiums earned were $143.3 million, and the net yield for the quarter remained consistent at 28 basis points. NMI Holdings highlighted its robust balance sheet, with total cash and investments amounting to $2.8 billion and shareholders' equity of $2.2 billion, translating to a book value per share of $27.67. The call emphasized the company's strategic focus on disciplined pricing, risk selection, and reinsurance decision-making to maintain its strong financial position and growth trajectory.Record Financial Performance
National MI delivered a record total revenue of $166.1 million and GAAP net income of $92.8 million or $1.15 per diluted share, representing a 17.5% return on equity.
Growth in Insurance in Force
The company generated $12.2 billion of NIW volume, ending the period with a record $207.5 billion of high-quality, high-performing primary insurance in force, up 2% from the second quarter and 7% from the third quarter of 2023.
Strong Investment Income
Investment income increased to $22.5 million in the third quarter compared to $20.7 million in the second quarter and $17.9 million in the third quarter of 2023.
S&P Credit Rating Upgrade
S&P upgraded National MI’s financial strength and issuer ratings to A- and BBB-, recognizing the quality of the insured portfolio and diversified capital structure.
Share Repurchase Program
The company repurchased $16.9 million of common stock, retiring 443,000 shares at an average price of $38.04, with $108 million of repurchase capacity remaining.
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NMIH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NMIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $39.28 | $37.25 | -5.17% |
| Jul 30, 2024 | $39.20 | $39.35 | +0.38% |
| Apr 30, 2024 | $30.86 | $31.65 | +2.56% |
| Feb 14, 2024 | $30.29 | $29.78 | -1.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NMI Holdings (NMIH) report earnings?
NMI Holdings (NMIH) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is NMI Holdings (NMIH) earnings time?
NMI Holdings (NMIH) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NMIH EPS forecast?
NMIH EPS forecast for the fiscal quarter 2024 (Q4) is $1.13.
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