NASDAQ$NMIH
NMI Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong operating performance, consistent growth, and standout financial results
NMI Holdings, Inc. reported a net income of $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024. The company also entered into new reinsurance agreements for business originated between January 1, 2025, and December 31, 2027.
- Primary insurance-in-force at quarter end was $207.5 billion, compared to $203.5 billion at the end of the second quarter.
- Net premiums earned were $143.3 million, compared to $141.2 million in the second quarter.
- Total revenue was $166.1 million, compared to $162.1 million in the second quarter.
- Net income was $92.8 million, compared to $92.1 million in the second quarter.
Headline financials
Revenue & EPS history
NMI Holdings · Revenue · Quarterly
$166M
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 has entered into a series of new quota share and excess-of-loss reinsurance agreements that will provide forward flow coverage, broad risk protection and efficient PMIERs funding for new business originated between January 1, 2025 and December 31, 2027.
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 Q3 2024
+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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