NMI Holdings Q2 revenue and adjusted EPS beat estimates as primary insurance-in-force increases
NMIH•Q2 results beat estimates as insurance-in-force grows
NMI Holdings reported second-quarter revenue and adjusted earnings per share that beat analyst expectations as primary insurance-in-force increased.
- U.S. mortgage insurer's Q2 revenue rose year over year, beating analyst expectations.
- Adjusted EPS for Q2 beat analyst expectations.
- Adjusted net income for Q2 also beat analyst expectations.
Outlook
- NMI Holdings did not provide specific financial guidance for the current or future periods.
Result drivers
- Portfolio growth - Primary insurance-in-force and new insurance written increased, supporting revenue and earnings growth.
- Lower claims - Insurance claims and claim expenses declined from the previous quarter, reducing the loss ratio.
- Higher investment income - Net investment income rose year over year, contributing to earnings.
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $187.90 mln | $156.35 mln (5 Analysts) |
| Q2 Adjusted EPS | Beat | $1.38 | $1.28 (7 Analysts) |
| Q2 EPS | $1.38 | ||
| Q2 Adjusted Net Income |
