NMI Holdings (NMIH) Tops Q2 EPS by 4c

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Go back to NMI Holdings (NMIH) Tops Q2 EPS by 4c

NMI Holdings, Inc. Reports Second Quarter Net Income of $2 Million, Enters Into Reinsurance Treaty to Support Growth

August 2, 2016 4:00 PM EDT

EMERYVILLE, CA -- (Marketwired) -- 08/02/16 --

NMI Holdings, Inc. (NASDAQ: NMIH) today reported net income of $2.0 million, or $0.03 per share, for the second quarter ended June 30, 2016. This compares with a net loss of $3.9 million, or $(0.07) per share, in the prior quarter and a net loss of $10.4 million, or $(0.18) per share, in the second quarter of 2015. Total revenue for the quarter was $29.6 million, up 33% from $22.2 million in the prior quarter and up 171% from $10.9 million in the second quarter of 2015.

The company also announced today that it has entered into a... More