NASDAQ$NMIH
NMI Holdings Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong financial results for the second quarter of 2022, driven by new business and increasing persistency.
NMI Holdings, Inc. reported a strong second quarter in 2022, with a net income of $75.4 million, or $0.86 per diluted share. The company saw growth in its insured portfolio, driven by new business production and increasing persistency. Favorable credit performance and expense discipline contributed to record profitability and strong returns.
- Primary insurance-in-force at quarter end was $168.6 billion, up 6% from the first quarter.
- Net premiums earned were $120.9 million, up 4% from the first quarter.
- Underwriting and operating expenses were $30.7 million, down 7% from the first quarter.
- Insurance claims and claim expenses was a benefit of $3.0 million, compared to a benefit of $0.6 million in the first quarter.
Headline financials
Revenue & EPS history
NMI Holdings · Revenue · Quarterly
$132M
Revenue by segment
NMI Holdings · $148M total across 3 segments · Q3 2023
- Net premiums earned$130M—87.8%
- Net investment income$17.9M—12.0%
- Other revenues$217K—0.1%
Forward guidance
The company is well-positioned to continue serving customers, driving growth in its insured portfolio, and delivering strong performance for shareholders.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.8%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+2.8%
Avg return
30 days after
50%
25 / 50 earnings
Positive
+15.5%
Q1 2016
Best reaction
-9.4%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -1.2% | -7.3% | |
| Q4 2025 | +1.8% | -1.3% | -7.2% | |
| Q3 2025 | -1.7% | +0.1% | +0.1% | |
| Q1 2025 | +7.5% | +11.4% | +18.1% | |
| Q4 2024 | -4.8% | -9.4% | -8.7% | |
| Q3 2024 | -0.8% | +1.1% | +4.6% | |
| Q2 2024 | -0.1% | -4.3% | +2.6% | |
| Q1 2024 | +1.7% | +4.4% | +5.6% | |
| Q4 2023 | +0.0% | -2.4% | +0.8% | |
| Q3 2023 | +2.2% | +5.6% | +1.1% | |
| Q2 2023 | +6.3% | +11.2% | +7.2% | |
| Q1 2023 | -0.8% | +1.6% | +8.6% | |
| Q4 2022 | +1.4% | +2.8% | -6.2% | |
| Q3 2022 | -0.4% | -0.8% | -3.8% | |
| Q2 2022 | +7.3% | +9.5% | +6.0% | |
| Q1 2022 | -2.6% | -7.6% | -2.6% | |
| Q4 2021 | +2.9% | -4.2% | -17.5% | |
| Q3 2021 | -9.4% | -10.0% | -19.7% | |
| Q2 2021 | -2.1% | +3.2% | +3.1% | |
| Q1 2021 | -3.8% | -8.3% | -8.5% | |
| Q4 2020 | +1.7% | +4.5% | +11.3% | |
| Q3 2020 | -3.5% | +3.0% | +3.0% | |
| Q2 2020 | +1.0% | +8.9% | +16.8% | |
| Q1 2020 | +12.1% | +7.3% | +41.6% | |
| Q4 2019 | -9.4% | -13.3% | -42.7% | |
| Q3 2019 | +9.0% | +10.5% | +13.9% | |
| Q2 2019 | +0.8% | -0.8% | +12.0% | |
| Q1 2019 | +0.0% | +0.2% | -2.9% | |
| Q4 2018 | +0.1% | +7.4% | +17.0% | |
| Q3 2018 | +14.5% | +10.0% | +6.1% | |
| Q2 2018 | +6.9% | +1.4% | +3.3% | |
| Q1 2018 | +12.6% | +19.1% | +20.2% | |
| Q4 2017 | +7.6% | +8.1% | -16.8% | |
| Q3 2017 | +13.4% | +11.3% | +17.9% | |
| Q2 2017 | +0.0% | +1.7% | -8.1% | |
| Q1 2017 | -4.7% | -6.0% | -7.7% | |
| Q4 2016 | -1.7% | -3.5% | +2.6% | |
| Q3 2016 | +7.2% | +7.2% | +14.4% | |
| Q2 2016 | +10.7% | +13.5% | +29.8% | |
| Q1 2016 | +15.5% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | -1.4% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | -8.6% | — | — | |
| Q3 2014 | +3.2% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | -1.3% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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