nmi holdings inc-class a (NMIH) Key Developments
NMI Holdings, Inc. Announces Resignation of Stan Pachura as Executive Vice President and Chief Information Officer
Jan 20 15
NMI Holdings, Inc. announced that Stan Pachura, Executive Vice President and Chief Information Officer of the company and its principal subsidiary, National Mortgage Insurance Corporation informed the company that he intends to retire from the company following the second quarter of 2015, after serving as the company's Chief Information Officer since its inception in April 2012.
NMI Holdings, Inc. and National Mortgage Insurance Corporation Announces Executive Changes Effective Jan. 1, 2015
Dec 9 14
NMI Holdings, Inc. announced that effective January 1, 2015, Jay Sherwood will be promoted to president of NMI Holdings, Inc. and National Mortgage Insurance Corporation (National MI). Glenn Farrell has been named the new chief financial officer (CFO). Current President Bradley Shuster will remain the chief executive officer (CEO) of National MI and chairman of the board of NMI Holdings,
Inc. Sherwood has over twenty years of experience in finance, securities and investments. A co-founder of National MI, he has held the positions of executive vice president and CFO of National MI since the company's inception. In his new role as president of National MI, he will be responsible for overseeing the company's sales, insurance operations, and information technology functions. New CFO Glenn Farrell joins National MI after serving in several leadership positions during his nearly thirty-five year tenure at KPMG.
NMI Holdings, Inc. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014
Nov 9 14
NMI Holdings, Inc. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, United States.
NMI Holdings, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 6 14
NMI Holdings, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $6,616,000 compared with $2,161,000 for the same period a year ago. Loss before tax was $11,253,000 compared with $13,873,000 for the same period a year ago. Net loss was $10,976,000 or $0.19 per basic and diluted share compared with $13,873,000 or $0.25 per basic and diluted share for the same period a year ago.
For the nine months, the company reported total revenues of $15,376,000 compared with $3,381,000 for the same period a year ago. Loss before tax was $40,459,000 compared with $42,099,000 for the same period a year ago. Net loss was $38,885,000 or $0.67 per basic and diluted share compared with $42,099,000 or $0.76 per basic and diluted share for the same period a year ago. At September 30, 2014, the Company had approximately $446.0 million of cash and investments and book equity of $434.4 million or $7.44 in book value per share, based on shares outstanding of 58,363,334.
NMI Holdings, Inc. to Report Q3, 2014 Results on Nov 06, 2014
Oct 10 14
NMI Holdings, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 06, 2014