preloader icon



Apex Trader Funding (ATF) - News

NMI Holdings Q2 Earnings and Revenues Beat Estimates

NMI Holdings (NASDAQ: NMIH) reported second-quarter 2024 operating net income per share of $1.20, which beat the Zacks Consensus Estimate by 15.4%. The bottom line increased 26.3% year over year. The quarterly results reflected higher premiums and net investment income, and increased persistency, which drove growth in the company's high-quality insured portfolio. Operational Update NMI Holdings' total operating revenues of $162 million increased 13.3% year over year on higher net premiums earned (up 12%) and net investment income (up 25%). Revenues beat the Zacks Consensus Estimate by 2.1%. Primary insurance in force increased 6.4% to $203.5 billion. Annual persistency was 85.4%, down 60 basis points (bps) year over year. New insurance written was $12.5 billion, up 9% year over year. NMI Holdings Inc Price, Consensus and EPS Surprise NMI Holdings Inc price-consensus-eps-surprise-chart | NMI Holdings Inc Quote Underwriting and operating expenses totaled $28.3 million, up 3.2% year over year. Insurance claims and claim expenses were $0.3 million, reflecting a drop of ...