NMI Holdings, Inc. reported net income of $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024. This represents an increase compared to $92.1 million, or $1.13 per diluted share, in the second quarter of 2024 and $84.0 million, or $1.00 per diluted share, in the third quarter of 2023.
The company also announced new reinsurance agreements, including quota share and excess-of-loss arrangements. These agreements provide forward flow coverage, broad risk protection, and efficient PMIERs funding for new business originated between January 1, 2025, and December 31, 2027.
These reinsurance solutions are integral to NMIH's risk management strategy and capital optimization. They ensure the company maintains compliance with regulatory capital requirements while supporting its growth initiatives.
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