NMI Holdings, Inc. reported net income of $86.2 million, or $1.07 per diluted share, for the fourth quarter ended December 31, 2024. For the full year 2024, net income reached $360.1 million, or $4.43 per diluted share, an increase from $322.1 million, or $3.84 per diluted share, in 2023.
The company's Board of Directors authorized an additional $250 million share repurchase plan, effective through December 31, 2027. This new authorization demonstrates NMIH's commitment to returning capital to shareholders and enhancing shareholder value.
The full-year results reflect strong operating performance and consistent growth in the insured portfolio. The share repurchase program provides further ability for investors to access value as the company continues to grow its earnings and compound book value.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.