NMI Holdings (NMIH) Q1 Earnings and Revenues Beat, Rise Y/Y

NMI Holdings (NMIH) reported first-quarter 2024 operating net income per share of $1.08, which beat the Zacks Consensus Estimate by 12.5%. The bottom line increased 22.7% year over year. The quarterly results reflected higher premiums and net investment income, and increased persistency, which drove growth in the company’s high-quality insured portfolio.Operational UpdateNMI Holdings’ total operating revenues of $156 million increased 13.8% year over year on higher net premiums earned (up 12.2%) and net inv ...