NMI Holdings (NASDAQ:NMIH) Full Year 2024 Results

Key Financial Results

• Revenue: US$651.0m (up 12% from FY 2023).
• Net income: US$360.1m (up 12% from FY 2023).
• Profit margin: 55% (in line with FY 2023).
• EPS: US$4.51 (up from US$3.91 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NMI Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%.

In the last 12 months, the only revenue segment was Insurance - Surety & Title contributing US$651.0m. The most substantial expense, totaling US$140.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how NMIH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 3.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on NMI Holdings' balance sheet.

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