UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 (State or other jurisdiction of inc ...

Financial Performance - The company reported record adjusted net income of $61.8 million or $0.71 per diluted share, and record GAAP net income of $60.2 million or $0.69 per diluted share [9][45] - Adjusted return on equity for the quarter was 16.6% and GAAP ROE was 16.2% [9] - The primary insurance in force grew to a record $144 billion, up 5% from the second quarter and 37% from the third quarter of 2020 [10][35] - Net premiums earned were a record $113.6 million, compared to $110.9 million in the second quarter [35][39] - The 12-month persistency ratio increased to 58.1%, up from 53.9% in the second quarter [36] Business Lines and Market Data - The company generated $18.1 billion of new insurance written (NIW) in the third quarter, including $16.4 billion of purchase volume [24] - Refinancing NIW volume declined to $1.7 billion, accounting for 9% of total production, down from $3.8 billion or 17% in the second quarter [26] - The private mortgage insurance market is expected to reach a total industry volume of $575 billion in 2021 [27] - The default rate declined to 1.6% at September 30, with further improvement noted in October [43][68] Company Strategy and Industry Competition - The company is focused on expanding access to homeownership and supporting borrowers from all communities [12][13] - The management emphasized the importance of maintaining a balanced risk-return profile while driving growth in the insured portfolio [20][53] - The company is committed to a disciplined approach to managing risks, expenses, and capital [51] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism regarding the quality of the underlying book and the resilience of the housing market [11][29] - The company expects to continue driving growth and delivering strong results for shareholders [29][51] - The management noted that the housing market dynamics remain favorable, with sustained demand expected [108] Other Important Information - The company announced a succession plan where Adam Pollitzer will take over as President and CEO on January 1, 2022 [14][17] - The company completed a $364 million insurance-linked note (ILN) transaction, which is among the largest to date [46][49] - Total cash and investments were $2.2 billion at quarter end, with shareholders' equity at $1.5 billion, a 4% increase from the second quarter [49] Q&A Session Summary Question: Can you quantify the factors impacting the decline in average premium? - The yield declined from 34.1 basis points in Q2 to 32.4 in Q3, attributed to strong growth in insurance in force and a decline in singles NIW volume [56][59] Question: What are the expectations for the fourth quarter? - Guidance for Q4 indicates a trend down in net yield due to additional seated premium costs from the recent ILN offering [60] Question: How do you view the policy changes from Washington? - The company sees expanding opportunities for homeownership as central to its mission and expects to play a significant role in shaping future housing policy discussions [61][62] Question: Can you provide insight into the increase in new defaults? - New defaults increased to 1,600 in Q3 from 1,100 in Q2, but the overall default population continues to decline [68] Question: What is the outlook for claims from recent defaults? - The company is optimistic about the performance of borrowers in forbearance programs and expects significant cure activity [73] Question: How is the credit appetite evolving? - The company has not fundamentally shifted its risk appetite but is easing some restrictions put in place during the pandemic [117][119]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 2100 Powel ...

NMI Holdings, Inc. (NASDAQ:NMIH) Q2 2021 Earnings Conference Call August 3, 2021 5:00 PM ET Company Participants John Swenson - VP, IR and Treasury Brad Shuster - Executive Chairman Claudia Merkle - CEO Adam Pollitzer - CFO Julie Norberg - Controller Conference Call Participants Doug Harter - Credit Suisse Bose George - KBW Rick Shane - JPMorgan Colin Johnson - B. Riley Securities Mark Hughes - Truist Ryan Gilbert - BTIG Geoffrey Dunn - Dowling & Partners Operator Good day and thank you for standing by and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 2100 Powell Str ...

Financial Data and Key Metrics Changes - The company reported a GAAP net income of $52.9 million or $0.61 per diluted share, and adjusted net income of $53.4 million or $0.62 per diluted share [15][31] - GAAP return on equity was 15.4% for the quarter, while adjusted return on equity was 15.5% [15][22] - Net premiums earned were $105.9 million, up 5% from $100.7 million in the previous quarter [25] - The loss ratio, defined as claims expense divided by net premiums earned, was 4.7% [30] Business Line Data and Key Metrics Changes - The company achieved record new insurance written (NIW) of $26.4 billion, up 33% from the fourth quarter and 134% compared to the first quarter of 2020 [16][22] - Purchase originations accounted for 68% of the total volume in the quarter [22] - Primary insurance in force was $123.8 billion, up 11% from $111.3 billion at the end of the fourth quarter and up 26% compared to the first quarter of 2020 [23] Market Data and Key Metrics Changes - The company activated 24 new lenders, bringing the total to over 1,200 high-quality originators, including 179 of the top 200 lenders nationwide [17] - The 12-month persistency in the primary portfolio was 52%, down from 56% in the fourth quarter, primarily due to refinancing activity [23] Company Strategy and Development Direction - The company remains focused on helping all lenders equally and supporting borrowers on consistent terms across the market [17] - The strategy includes leveraging technology and digitization to enhance engagement with lenders and deepen customer relationships [19][60] - The company aims to responsibly deploy capital and drive value with consistency over time [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic recovery and the housing market's resiliency, noting that the stress from the COVID pandemic is receding [7][10] - The company anticipates improving credit performance as the broader economy recovers and vaccination efforts continue [29] - Management highlighted the importance of maintaining credit discipline and risk-adjusted returns while navigating the changing market dynamics [19][55] Other Important Information - The company reported total cash and investments of $1.9 billion at quarter end, with shareholders' equity at $1.4 billion, up 14% compared to the first quarter of 2020 [33] - The company completed a $367 million ILN offering, which is its largest to date, providing coverage on risk originated primarily between October 1, 2020, and March 31, 2021 [32] Q&A Session Summary Question: Thoughts on deploying the premier's access over time - The company aims to invest in its core business and write high-quality business expected to generate strong mid-teens returns [39] Question: Updates on pricing trends across the industry - The pricing environment remains constructive, with attractive unit economics and expected returns on new business [40] Question: Drivers of premium yield decline during the quarter - The decline in yield was primarily due to a decrease in cancellation earnings and growth in insurance in force [44] Question: Sustainability of market share growth - The company has built a strong lender base over the years, and digital engagement has significantly contributed to its record NIW [46][47] Question: Expectations for operating expenses - The company expects a modest increase in operating expenses as it continues to invest in growth [51] Question: Impact of new lenders on NIW growth - The activation of new lenders is crucial for success, and the company sees continued opportunities for growth [97]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 (State or othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 (State or other jurisdiction of i ...

NMI Holdings, Inc. (NASDAQ:NMIH) Q4 2020 Earnings Conference Call February 16, 2021 5:00 PM ET Company Participants John Swenson - Vice President of Investor Relations and Treasury Bradley Shuster - Executive Chairman Claudia Merkle - Chief Executive Officer Adam Pollitzer - Executive Vice President and Chief Financial Officer Julie Norberg - Senior Vice President and Controller Conference Call Participants Mark DeVries - Barclays Bank PLC Richard Shane - JPMorgan Chase & Co. Douglas Harter - Credit Suisse ...

NMI Holdings, Inc. (NASDAQ:NMIH) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants John Swenson - Vice President, Investor Relations & Treasury Brad Shuster - Executive Chairman Claudia Merkle - Chief Executive Officer Adam Pollitzer - Chief Financial Officer Julie Norberg - Controller Conference Call Participants Mark DeVries - Barclays Rick Shane - JPMorgan Sam Choe - Credit Suisse Tommy McJoynt - KBW Jack Micenko - SIG Geoffrey Dunn - Dowling & Partners Mark Hughes - Trui ...