NMI Holdings (NMIH) Tops Q2 EPS by 10c

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NMI Holdings, Inc. Reports Second Quarter 2022 Financial Results; Announces New Quota Share Reinsurance Agreement

August 2, 2022 4:01 PM EDT

EMERYVILLE, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $75.4 million, or $0.86 per diluted share, for the second quarter ended June 30, 2022, which compares to $67.7 million, or $0.77 per diluted share, in the first quarter ended March 31, 2022 and $57.5 million, or $0.65 per diluted share, in the second quarter ended June 30, 2021. Adjusted net income for the quarter was $74.3 million, or $0.86 per diluted share, which compares to $67.5 million, or $0.77 per diluted share, in the first quarter ended March 31, 2022 and $58.1 million, or $0.67 per diluted share, in the second quarter ended June 30, 2021. The non-GAAP... More