Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $173.2 million, a record high, representing a 4% increase from Q4 2024 and a 10.9% increase from Q1 2024 [11][12] - GAAP net income reached a record $102.6 million, or $1.28 per diluted share, up 19% from $86.2 million in Q4 2024 and 15% from $89 million in Q1 2024 [14][15] - Return on equity was 18.1% for the quarter [11] Business Line Data and Key Metrics Changes - The company generated $9.2 billion of new insurance written (NIW) in Q1 2025, maintaining a record primary insurance in force of $211.3 billion, which is up 1% from Q4 2024 and 6% from Q1 2024 [5][11] - Net premiums earned were a record $149.4 million, compared to $143.5 million in Q4 2024 and $136.7 million in Q1 2024 [12] Market Data and Key Metrics Changes - The company's 12-month persistency rate was 84.3% in Q1 2025, slightly down from 84.6% in Q4 2024 [11] Company Strategy and Development Direction - The company emphasized its commitment to providing low-cost, high-value solutions to enhance homeownership accessibility while maintaining a robust balance sheet and strong customer franchise [8][17] - The management highlighted the importance of a disciplined approach to risk management and pricing, ensuring resilience through various market cycles [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the macroeconomic environment, noting that current performance contrasts with broader economic themes [8] - The company is well-positioned to continue serving customers and driving growth in its insured portfolio, with a focus on employee investment and shareholder value [9][17] Other Important Information - The company extended its long-term IT engagement with Tata Consultancy Services, which is expected to maintain operational costs at current levels [10][27] Q&A Session Summary Question: Inquiry about credit performance and vintage stability - Management confirmed that they apply consistent underwriting rigor across all vintages, noting that newer vintages show higher incurred loss ratios compared to pre-pandemic vintages, primarily due to differences in borrower equity levels [20][21] Question: Impact of TCS renewal on operating expenses - Management indicated that the renewal would not significantly change operational costs, maintaining a similar expense flow as in Q1 2025 [26][27] Question: Changes in pricing or credit loss expectations due to tariffs - Management stated that while they continuously refine pricing strategies to account for macro risks, there has not been a wholesale change in their market engagement approach [30][31] Question: Provision for new notices in Q1 - The company reported a reserve of $13.5 million for new notices, consistent with the previous quarter [32][33] Question: Concerns about adverse selection related to PMI extinguishment - Management reassured that there is no significant adverse selection observed, attributing any changes in refinancing opportunities to the prevailing rate environment rather than borrower behavior [39][42]

Core Viewpoint - NMI Holdings, Inc. reported strong financial performance for Q1 2025, with net income of $102.6 million, reflecting a year-over-year increase of 15% compared to Q1 2024 and a quarter-over-quarter increase of 19% compared to Q4 2024 [1][6]. Financial Highlights - Net income for Q1 2025 was $102.6 million, or $1.28 per diluted share, compared to $86.2 million ($1.07 per diluted share) in Q4 2024 and $89.0 million ($1.08 per diluted share) in Q1 2024 [1][4]. - Adjusted net income for the quarter was $102.5 million, maintaining the same diluted EPS of $1.28, compared to $86.1 million ($1.07 per diluted share) in Q4 2024 and $89.0 million ($1.08 per diluted share) in Q1 2024 [1][4]. - Total revenue for Q1 2025 was $173.2 million, up from $166.5 million in Q4 2024 and $156.3 million in Q1 2024 [6][27]. - Net premiums earned increased to $149.4 million in Q1 2025 from $143.5 million in Q4 2024 and $136.7 million in Q1 2024, representing a 4% quarter-over-quarter and 9% year-over-year growth [4][6]. Insurance Metrics - Primary insurance-in-force at the end of Q1 2025 was $211.3 billion, a slight increase from $210.2 billion in Q4 2024 and a 6% increase from $199.4 billion in Q1 2024 [3][6]. - New insurance written (NIW) for Q1 2025 was $9.2 billion, down 23% from $11.9 billion in Q4 2024 and down 2% from $9.4 billion in Q1 2024 [3][6]. Operational Efficiency - The loss ratio for Q1 2025 was 3.0%, significantly improved from 12.0% in Q4 2024 and slightly higher than 2.7% in Q1 2024 [4][6]. - The expense ratio decreased to 20.2% in Q1 2025 from 21.7% in Q4 2024 and 21.8% in Q1 2024, indicating improved operational efficiency [4][6]. Shareholder Value - Book value per share (excluding net unrealized gains and losses) increased to $30.85 in Q1 2025, up 4% from $29.80 in Q4 2024 and up 17% from $26.42 in Q1 2024 [4][6]. - Annualized return on equity for Q1 2025 was 18.1%, compared to 15.6% in Q4 2024 and 18.2% in Q1 2024, reflecting strong profitability [6][27].

RALEIGH, N.C., April 10, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on April 30, 2025. Enact will host a conference call to review first quarter 2025 financial results on May 1, 2025 at 8:00 a.m. (ET). Enact's earnings release, summary presentation and financial supplement will be available through the company's website, https://ir.enactmi.com/, at the time of their release to the public. Participants ...

Company Overview - Enact Holdings, Inc. is a leading U.S. private mortgage insurance provider, operating primarily through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981 [5] - The company is headquartered in Raleigh, North Carolina, and is committed to helping more people achieve homeownership through partnerships with lenders [5] Sustainability Report Highlights - Enact released its 2024 Sustainability Report, which covers the calendar year 2024 and emphasizes the company's commitment to sustainability [1][2] - The report showcases Enact's transparency regarding its sustainability initiatives, including third-party risk management, professional development programs, and Hurricane Helene relief response [2] - The President and CEO of Enact, Rohit Gupta, stated that the company's growth and profitability are linked to its focus on sustainability, highlighting the progress made in various areas [3] Stakeholder Engagement - The sustainability pillars and priorities outlined in the report are identified as critical to Enact's long-term success by both internal and external stakeholders [2] - The report aims to provide insights into how Enact is building stronger communities through homeownership, philanthropy, and volunteerism [3] Availability of Report - The 2024 Sustainability Report is accessible on Enact's Investor Relations website [3]

Essent Group (ESNT) Q4 2024 Earnings Call February 14, 2025 10:00 AM ET Company Participants Philip Stefano - Vice President, Investor RelationsMark Casale - Chairman and CEODavid Weinstock - Senior Vice President, Chief Financial OfficerBose George - Managing DirectorGeoffrey Dunn - PartnerEric Hagen - Managing Director Conference Call Participants Terry Ma - Senior Equity Research AnalystRichard Shane - AnalystDouglas Harter - Equity Research Analyst Operator Thank you for standing by. At this time, I wou ...