Articles from NMI Holdings, Inc.

EMERYVILLE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its fourth quarter and full year ended December 31, 2024 after the market close on Thursday, February 6, 2025.

EMERYVILLE, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH) announced today that Mohammad Yousaf, currently the company’s Executive Vice President, Operations and Information Technology, has been appointed to the newly created position of Chief of Operations and Technology, effective January 1, 2025.

EMERYVILLE, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024, compared to $92.1 million, or $1.13 per diluted share, for the second quarter ended June 30, 2024 and $84.0 million, or $1.00 per diluted share, for the third quarter ended September 30, 2023.

EMERYVILLE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2024 after the market close on Wednesday, November 6, 2024.

EMERYVILLE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced that S&P Global Ratings (“S&P”) has raised its long-term insurer financial strength rating on National Mortgage Insurance Corporation (National MI) to “A-” and its issuer credit rating on NMI Holdings, Inc. to “BBB-”. Both ratings carry a stable outlook.

EMERYVILLE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will host its annual Investor Day on Thursday, November 21, 2024, from 9:00 am to 11:30 am Eastern Time at the St. Regis Hotel in New York City. The event will be live streamed at NMIH 2024 Investor Day and on the company’s website at https://ir.nationalmi.com/events-and-presentations. A replay of the webcast will be archived and available on the company’s website following the event.

EMERYVILLE, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (Nasdaq:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024.

EMERYVILLE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $92.1 million, or $1.13 per diluted share, for the second quarter ended June 30, 2024, compared to $89.0 million, or $1.08 per diluted share, for the first quarter ended March 31, 2024 and $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. Adjusted net income for the quarter was $97.6 million, or $1.20 per diluted share, compared to $89.0 million, or $1.08 per diluted share, for the first quarter ended March 31, 2024 and $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. The non-GAAP financial measures adjusted net income, adjusted diluted earnings per share and adjusted return on equity are presented in this release to enhance the comparability of financial results between periods. See “Use of Non-GAAP Financial Measures” and our reconciliation of such measures to their most comparable GAAP measures, below.

EMERYVILLE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its second quarter ended June 30, 2024 after the market close on Tuesday, July 30, 2024.

EMERYVILLE, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings, Inc. (NASDAQNMIH), announced today that it has been recognized as a Great Place to Work® for the ninth year in a row.

EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) (the “Company”) announced today that it has priced its public offering (the “Offering”) of $425 million aggregate principal amount of senior unsecured notes (the “Notes”). The Offering is expected to close on May 21, 2024, subject to customary closing conditions.  

EMERYVILLE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $89.0 million, up 7% compared to $83.4 million in the fourth quarter ended December 31, 2023 and up 20% compared to $74.5 million in the first quarter ended March 31, 2023. Diluted earnings per share was $1.08, up 8% compared to $1.01 in the fourth quarter ended December 31, 2023 and up 24% compared to $0.88 in the first quarter ended March 31, 2023. Adjusted net income was also $89.0 million, or $1.08 per diluted share, compared to $83.4 million, or $1.01 per diluted share, in the fourth quarter and $74.5 million, or $0.88 per diluted share, in the first quarter of 2023.

EMERYVILLE, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its first quarter ended March 31, 2024 after the market close on Tuesday, April 30, 2024.

Private mortgage insurer offers additional innovative ways to connect with customers

Aurora Swithenbank Named Executive Vice President and Chief Financial Officer Effective May 1, 2024; Ravi Mallela to Continue to Serve as Chief Financial Officer Through Transition Period

EMERYVILLE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022. Adjusted net income for the quarter was $83.4 million, or $1.01 per diluted share, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022.

EMERYVILLE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced that Moody’s Investors Service (“Moody’s”) has upgraded the insurance financial strength rating of its principal operating subsidiary, National Mortgage Insurance Corporation (“National MI”) to “A3” and upgraded the company’s outstanding senior notes due June 1, 2025 to “Baa3.” Both ratings carry a stable outlook.

EMERYVILLE, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced that Fitch Ratings has assigned its principal operating subsidiary, National Mortgage Insurance Corporation (National MI), an “A-” insurer financial strength rating and assigned the company’s outstanding senior notes due June 1, 2025 a “BBB+” rating. Both ratings carry a stable outlook.

EMERYVILLE, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its fourth quarter ended December 31, 2023 after the market close on Wednesday, February 14, 2024.

EMERYVILLE, Calif., Jan. 11, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced that S&P Global Ratings (“S&P”) has raised its long-term insurer financial strength rating on National Mortgage Insurance Corporation (National MI) to “BBB+” and its issuer credit rating on NMI Holdings, Inc. to “BB+.” Both ratings carry a stable outlook.

EMERYVILLE, Calif., Dec. 04, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH) announced today that William (Bill) Leatherberry, currently the company’s Executive Vice President, Chief Legal Officer and General Counsel, has been appointed to the newly created position of Chief Administrative Officer, effective January 1, 2024.

EMERYVILLE, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $84.0 million, or $1.00 per diluted share, for the third quarter ended September 30, 2023, which compares to $80.3 million, or $0.95 per diluted share, in the second quarter ended June 30, 2023 and $76.8 million, or $0.90 per diluted share, in the third quarter ended September 30, 2022. Adjusted net income for the quarter was $84.0 million, or $1.00 per diluted share, which compares to $80.3 million, or $0.95 per diluted share, in the second quarter ended June 30, 2023 and $76.8 million, or $0.90 per diluted share, in the third quarter ended September 30, 2022.

Private mortgage insurer expands its partnership with LOS provider

Collaboration leverages AI-driven automation to accelerate efficiency and make homeownership more accessible

EMERYVILLE, Calif., Oct. 11, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2023 after the market close on Wednesday, November 1, 2023.

EMERYVILLE, Calif., Sept. 14, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (Nasdaq:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), announced today that John Erickson has been appointed as an independent member of its Board of Directors, effective immediately. National MI’s Board increases to ten members with Mr. Erickson’s appointment.

EMERYVILLE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (Nasdaq:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that Lesley Alli and Andrew Greenberg have joined the company as Senior Vice Presidents and members of its Executive Committee.

Lenders are now able to order risk-based mortgage insurance through Rate GPS directly through the Calyx loan platform

EMERYVILLE, Calif., Sept. 05, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will host its annual Investor Day on Thursday, November 16, 2023, from 9:00 am to 11:30 am Eastern Time at the St. Regis Hotel in New York City. The event will be live streamed at NMIH 2023 Investor Day and on the company’s website at https://ir.nationalmi.com/events-and-presentations. A replay of the webcast will be archived and available on the company’s website following the event.   

EMERYVILLE, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023, which compares to $74.5 million, or $0.88 per diluted share, in the first quarter ended March 31, 2023 and $75.4 million, or $0.86 per diluted share, in the second quarter ended June 30, 2022. Adjusted net income for the quarter was $80.3 million, or $0.95 per diluted share, which compares to $74.5 million, or $0.88 per diluted share, in the first quarter ended March 31, 2023 and $74.3 million, or $0.86 per diluted share, in the second quarter ended June 30, 2022.

EMERYVILLE, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its second quarter ended June 30, 2023 after the market close on Tuesday, August 1, 2023.

EMERYVILLE, Calif., June 27, 2023 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings, Inc. (NASDAQNMIH), announced today that it has been recognized as a Great Place to Work® for the eighth year in a row.

EMERYVILLE, Calif., May 11, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), celebrated the 10-year anniversary of its initial public offering and listing on the NASDAQ Exchange. To commemorate the milestone, National MI’s Board of Directors and executive leadership team rang the closing bell at the NASDAQ MarketSite in Times Square on May 10, 2023.

Lenders are now able to view quotes and order risk-based mortgage insurance through Rate GPS directly through the Vesta LOS platform

EMERYVILLE, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $74.5 million, or $0.88 per diluted share, for the first quarter ended March 31, 2023, which compares to $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022 and $67.7 million, or $0.77 per diluted share, in the first quarter ended March 31, 2022. Adjusted net income for the quarter was $74.5 million, or $0.88 per diluted share, which compares to $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022 and $67.5 million, or $0.77 per diluted share, in the first quarter ended March 31, 2022.

EMERYVILLE, Calif., April 11, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its first quarter ended March 31, 2023 after the market close on Tuesday, May 2, 2023.

Private mortgage insurer’s integration with Blend’s end-to-end digital platform enables a more transparent and streamlined mortgage process for lenders and consumers

EMERYVILLE, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $72.9 million, or $0.86 per diluted share, for the fourth quarter ended December 31, 2022, which compares to $76.8 million, or $0.90 per diluted share, in the third quarter ended September 30, 2022 and $60.5 million, or $0.69 per diluted share, in the fourth quarter ended December 31, 2021. Adjusted net income for the quarter was $72.9 million, or $0.86 per diluted share, which compares to $76.8 million, or $0.90 per diluted share, in the third quarter ended September 30, 2022 and $63.5 million, or $0.73 per diluted share, in the fourth quarter ended December 31, 2021.

EMERYVILLE, Calif., Jan. 17, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its fourth quarter and full year ended December 31, 2022 after the market close on Tuesday, February 14, 2023.

EVP of operations and IT recognized by National Mortgage Professional for his achievements, innovation and leadership

EMERYVILLE, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $76.8 million, or $0.90 per diluted share, for the third quarter ended September 30, 2022, which compares to $75.4 million, or $0.86 per diluted share, in the second quarter ended June 30, 2022 and $60.2 million, or $0.69 per diluted share, in the third quarter ended September 30, 2021. Adjusted net income for the quarter was $76.8 million, or $0.90 per diluted share, which compares to $74.3 million, or $0.86 per diluted share, in the second quarter ended June 30, 2022 and $61.8 million, or $0.71 per diluted share, in the third quarter ended September 30, 2021. The non-GAAP financial measures adjusted net income, adjusted diluted earnings per share and adjusted return on equity are presented in this release to enhance the comparability of financial results between periods. See "Use of Non-GAAP Financial Measures" and our reconciliation of such measures to their most comparable GAAP measures, below.

EMERYVILLE, Calif., Oct. 13, 2022 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQNMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2022 after the market close on Tuesday, November 1, 2022.