NMI Holdings (NMI Holdings) Combined Ratio % : 28.50% (As of Dec. 2023)

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What is NMI Holdings Combined Ratio %?

Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.

NMI Holdings's Combined Ratio % for the quarter that ended in Dec. 2023 was 28.50% , which is higher than 25.00% for the pervious quarter ended in Sep. 2023.

NMI Holdings's Combined Ratio % for the annual that ended in Dec. 2023 was 26.10% , which is higher than 24.00% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for NMI Holdings's Combined Ratio % or its related term are showing as below:

NMIH's Combined Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Combined Ratio % only.

NMI Holdings Combined Ratio % Historical Data

The historical data trend for NMI Holdings's Combined Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NMI Holdings Combined Ratio % Chart

NMI Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Combined Ratio %

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Expense Ratio %

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Claims Ratio %

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NMI HoldingsQuarterly Data

Trend

Mar19

Jun19

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Mar20

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Sep20

Dec20

Mar21

Jun21

Sep21

Dec21

Mar22

Jun22

Sep22

Dec22

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Dec23

Combined Ratio %

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Expense Ratio %

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Claims Ratio %

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Competitive Comparison of NMI Holdings's Combined Ratio %

For the Insurance - Specialty subindustry, NMI Holdings's Combined Ratio %, along with its competitors' market caps and Combined Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NMI Holdings (NAS:NMIH) Combined Ratio % Calculation

Combined Ratio % is calculated as:

Combined Ratio %

( Incurred Losses

Expenses )

Earned Premium

100%

NMI Holdings (NAS:NMIH) Combined Ratio % Explanation

Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.

Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.

NMI Holdings Combined Ratio % Related Terms

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NMI Holdings (NMI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NMI Holdings Inc (NAS:NMIH) » Definitions » Combined Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2100 Powell Street, Emeryville, CA, USA, 94608

Website

https://www.nationalmi.com

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

Executives

Bradley M Shuster	director, officer: President and CEO	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
James G Jones	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
Robert Owen Smith	officer: EVP, Chief Risk Officer	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
John C Erickson	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Michael Curry Montgomery	director	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Mohammad Nawaz Yousaf	officer: EVP, Operations & Info. Tech.	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Nicholas Daniel Realmuto	officer: VP, Controller	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Patrick L Mathis	officer: EVP, Chief Risk Officer	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Norman Peter Fitzgerald	officer: EVP, Chief Sales Officer	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Ravi Mallela	officer: Chief Financial Officer	C/O NMI HOLDINGS, INC. (NATIONAL MI), 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Julie Norberg	officer: Vice President, Controller	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
William J Leatherberry	officer: EVP, General Counsel	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
Claudia J Merkle	officer: EVP, Chief Insurance Officer	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Priya Cherian Huskins	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Adam Pollitzer	officer: EVP, Chief Financial Officer	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608