Nmi holdings, inc. (NMIH)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Revenues
Direct

-

-

-

-

-

-

-

0

Net premiums written

-

-

-

-

-

-

3,541

0

Increase in unearned premiums

-

-

-

-

-

-

-1,446

0

Net premiums earned

345,015

251,197

165,740

110,481

45,506

13,407

2,095

0

Net investment income

30,856

23,538

16,273

13,751

7,246

5,618

4,808

6

Net realized investment losses

45

57

208

-693

831

197

186

0

Other revenues

2,855

233

522

276

25

0

0

-

Total revenues

378,771

275,025

182,743

123,815

53,608

19,222

7,089

284

Expenses
Insurance claims and claim expenses

12,507

5,452

5,339

2,392

650

83

0

0

Amortization of deferred policy acquisition costs

-

-

-

-

-

-

-

0

Underwriting and operating expenses

126,621

116,966

106,362

93,223

80,599

73,417

60,744

27,775

Service expenses

2,248

270

617

-

-

-

-

-

Interest expense

12,085

14,979

13,528

14,848

2,057

0

0

-

(Gain) loss from change in fair value of warrant liability

-8,657

-1,397

-4,105

-1,900

1,905

2,949

-1,529

278

Total expenses

162,118

139,064

129,951

95,615

81,249

73,500

60,744

27,775

Gain from settlement of warrants

-

-

-

-

-

37

0

0

Total other expense

-

-

-

-16,748

-152

2,986

-1,529

-

Income before income taxes

216,653

135,961

52,792

11,452

-27,793

-51,292

-55,184

-27,491

Income tax expense

44,696

28,034

30,700

-52,549

0

-2,386

0

0

Net income

171,957

107,927

22,050

64,001

-27,793

-48,906

-55,184

-27,491

Earnings per share
Basic (in dollars per share)

2.54

1.66

0.37

1.08

-0.47

-0.84

-

-

Diluted (in dollars per share)

2.47

1.60

0.35

1.05

-0.47

-0.84

-

-

Weighted average common shares outstanding
Basic (in shares)

67,573

65,019

59,816

59,071

58,683

58,281

-

-

Diluted (in shares)

69,721

67,652

62,186

60,829

58,683

58,281

-

-

Comprehensive income:
Net income

171,957

107,927

22,050

-

-

-

-

-

Basic and diluted loss per share (in dollars per share)

-

-

-

-

-

-

-0.99

-0.73

Weighted average common shares outstanding (in shares)

-

-

-

-

-

-

56,005

37,909

Other comprehensive (loss) income, net of tax:
Unrealized (losses) gains in accumulated other comprehensive income, net of tax (benefit) expense of ($3,424) and $3,953 for the quarters ended March 31, 2020 and 2019, respectively

32,155

-12,357

2,559

1,429

-3,518

3,636

-6,862

1

Reclassification adjustment for realized losses included in net income, net of tax (benefit) of ($15) and ($39) for the quarters ended March 31, 2020 and 2019, respectively

35

-102

131

-758

349

196

185

-

Other comprehensive (loss) income, net of tax

32,120

-12,255

2,428

2,187

-3,867

3,440

-7,047

1

Comprehensive income

204,077

95,672

24,478

66,188

-31,660

-45,466

-62,231

-27,490