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AI brief of an SEC Form 8-K · NMI Holdings (NMIH)

NMI Holdings reports record Q1 2024 net income of $89.0 million, up 20% year over year

Positive Impact 3 of 5 earnings Written later

NMI Holdings reported first-quarter 2024 net income of $89.0 million, or $1.08 per diluted share, up from $74.5 million, or $0.88 per share, a year earlier, and described the quarter as a record. Total revenue rose to $156.3 million from $136.8 million, and the loss ratio fell to 2.7% from 5.5%, which supports earnings for shareholders.

Key points

  • Net income was $89.0 million, up 7% from $83.4 million in the fourth quarter of 2023 and up 20% from $74.5 million in the first quarter of 2023.
  • Diluted EPS was $1.08, compared with $1.01 in the fourth quarter of 2023 and $0.88 in the first quarter of 2023.
  • Primary insurance-in-force was $199.4 billion at March 31, 2024, up from $186.7 billion a year earlier.
  • Book value per share was $24.56, and book value per share excluding net unrealized gains and losses was $26.42.

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECApr 30, 2024, 4:06 PM ET
Accession number0001547903-24-000101

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.