NIW

NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 14, 2024
Growth, NIW, GAAP, Video game

EMERYVILLE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022.

Key Points: 
  • EMERYVILLE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022.
  • Adjusted net income for the quarter was $83.4 million, or $1.01 per diluted share, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022.
  • The non-GAAP financial measures adjusted net income, adjusted diluted earnings per share and adjusted return on equity are presented in this release to enhance the comparability of financial results between periods.
  • Adam Pollitzer, President and Chief Executive Officer of National MI, said, “The fourth quarter capped another year of standout success for National MI.

Enact Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 6, 2024
EHI, Insurance, Book, Growth, Genworth Financial, Delinquent, NIW, S&P, BBB, Triangle, Risk, S&P Global, Webcast, Share repurchase, Reinsurance

RALEIGH, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the fourth quarter of 2023.

Key Points: 
  • Persistency was 86%, up from 84% in the third quarter of 2023 and flat as compared to the fourth quarter of 2022.
  • Losses incurred for the fourth quarter of 2023 were $24 million and the loss ratio was 10%, compared to $18 million and 7%, respectively, in the third quarter of 2023 and $18 million and 8%, respectively, in the fourth quarter of 2022.
  • This compares to third quarter 2023 results of 14.9% and 14.9%, respectively, and to fourth quarter 2022 results of 14.0% and 14.4%, respectively.
  • Enact will discuss fourth quarter financial results in a conference call tomorrow, Wednesday, February 7, 2024, at 8:00 a.m. (Eastern).

Enact Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Insurance, Genworth Financial, Delinquent, PIN, Enactment, NIW, Freddie Mac, Share repurchase, Persistence of Vision (Star Trek: Voyager), Growth, Webcast, Fannie Mae, Video game, Security (finance), Real estate, Reinsurance, Holding company

RALEIGH, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the third quarter of 2023.

Key Points: 
  • Persistency was 84%, flat with the second quarter of 2023 and up from 82% in the third quarter of 2022.
  • Net earned premium yield was flat from the second quarter of 2023 and down from the third quarter of 2022.
  • This compares to second quarter 2023 results of 15.5% and 16.4%, respectively, and to third quarter 2022 results of 18.6% and 18.6%, respectively.
  • Enact will discuss third quarter financial results in a conference call tomorrow, Thursday, November 2, 2023, at 8:00 a.m. (Eastern).

Essent Group Ltd. Announces Third Quarter 2023 Results and Declares Quarterly Dividend

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Insurance, Finance, NYSE, NIW, Share repurchase, News, Acquisition, Internet, Growth, Webcast, Cryptocurrency, Video game, Essent

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Key Points: 
  • Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
  • The dividend is payable on December 11, 2023, to shareholders of record on December 1, 2023.
  • “We are pleased with our third quarter 2023 financial results, as we continue to generate high quality earnings and robust returns,” said Mark A. Casale, Chairman and Chief Executive Officer.
  • Net investment income for the third quarter of 2023 was $47.1 million, up 44% from the third quarter of 2022.

Radian Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Insurance, Finance, Sale, Policy, PIN, Tax, GSE, Telephone, NIW, News, Advanced persistent threat, GAAP, Acquisition, Radian Group, Growth, Webcast, ILN, Investment, Stock dilution, Guarantee, Reinsurance, Life insurance, Credit, Cryptocurrency, Bank, Video game, Rare-earth element, Holding company, Radian

Purchase NIW decreased 18% in the third quarter of 2023 compared to the second quarter of 2023 and decreased 21% compared to the third quarter of 2022.

Key Points: 
  • Purchase NIW decreased 18% in the third quarter of 2023 compared to the second quarter of 2023 and decreased 21% compared to the third quarter of 2022.
  • Refinances accounted for 1% of total NIW in the third quarter of 2023, compared to 1% in the second quarter of 2023, and 2% in the third quarter of 2022.
  • In the third quarter of 2023, Radian Guaranty paid an ordinary dividend to Radian Group of $100 million, bringing the total ordinary dividends paid from Radian Guaranty to Radian Group during the year to $300 million.
  • Radian will discuss third quarter 2023 financial results in a conference call tomorrow, Thursday, November 2, 2023, at 12:00 p.m. Eastern time.

Essent Group Ltd. Announces Second Quarter 2023 Results and Declares Quarterly Dividend

Retrieved on: 
Friday, August 4, 2023
Professional Services, Insurance, Finance, Employment, Housing, NIW, Internet, ILN, Acquisition, Webcast, News, NYSE, Cryptocurrency, Video game, Essent

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Key Points: 
  • Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
  • The dividend is payable on September 11, 2023, to shareholders of record on September 1, 2023.
  • “We are pleased with our second quarter 2023 financial results, which reflect the high quality of our portfolio and the resilience in housing and employment,” said Mark A. Casale, Chairman and Chief Executive Officer.
  • The combined ratio for the second quarter of 2023 was 20.4%, compared to 22.7% in the first quarter of 2023 and (16.2)% in the second quarter of 2022.

Radian Announces Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
Construction & Property, Residential Building & Real Estate, Acceleration, Insurance, ASC, QSR, Radian Group, NIW, Telephone, Policy, Stock dilution, Tax, GAAP, Persistent data structure, Sale, PIN, Acquisition, Investment, Risk, Webcast, Growth, GSE, News, Guarantee, Prussian G 7.3, Reinsurance, Bank, Life insurance, Credit, Cryptocurrency, Video game, Real estate, Rare-earth element, Holding company, Radian

Purchase NIW increased 52% in the second quarter of 2023 compared to the first quarter of 2023 and decreased 9% compared to the second quarter of 2022.

Key Points: 
  • Purchase NIW increased 52% in the second quarter of 2023 compared to the first quarter of 2023 and decreased 9% compared to the second quarter of 2022.
  • Refinances accounted for 1% of total NIW in the second quarter of 2023, compared to 2% in the first quarter of 2023, and 3% in the second quarter of 2022.
  • The loss ratio in the second quarter of 2023 was (10.3)% compared to (7.3)% in the first quarter of 2023, and (46.2)% in the second quarter of 2022.
  • Radian will discuss second quarter 2023 financial results in a conference call tomorrow, Thursday, August 3, 2023, at 12:00 p.m. Eastern time.

Enact Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 1, 2023
Transfer, Insurance, Share repurchase, Fannie Mae, NIW, Persistent, bioaccumulative and toxic substances, Fitch, Delinquent, Genworth Financial, BBB, Freddie Mac, Webcast, Fitch Ratings, Growth, Bermuda, Bermuda Monetary Authority, GSE, Video game, Security (finance), Reinsurance, Bank, Holding company

RALEIGH, N.C., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the second quarter of 2023.

Key Points: 
  • Net earned premium yield was down from the first quarter of 2023 and the second quarter of 2022, as a result of the continued lapse of older, higher priced policies and lower single premium cancellations as compared to the second quarter of 2022.
  • Losses incurred for the second quarter of 2023 were $(4) million and the loss ratio was (2)%, compared to $(11) million and (5)%, respectively, in the first quarter of 2023 and $(62) million and (26)%, respectively, in the second quarter of 2022.
  • This compares to first quarter 2023 results of 16.8% and 16.7%, respectively, and to second quarter 2022 results of 20.1% and 20.2%, respectively.
  • Enact will discuss second quarter financial results in a conference call tomorrow, Wednesday, August 2, 2023, at 8:00 a.m. (Eastern).

Enact Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
Insurance, S&P, S&P Global, Share repurchase, Fannie Mae, NIW, Calendar, Persistence of Vision (Star Trek: Voyager), COVID, Fitch, Delinquent, Genworth Financial, BBB, PIN, Freddie Mac, Webcast, Fitch Ratings, ESG, CRT, GSE, Renewable energy, Video game, Cryptocurrency, Security (finance)

RALEIGH, N.C., May 03, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the first quarter of 2023.

Key Points: 
  • Persistency was 85%, down from 86% in the fourth quarter of 2022 and up from 76% in the first quarter of 2022.
  • Losses incurred for the first quarter of 2023 were $(11) million and the loss ratio was (5)%, compared to $18 million and 8%, respectively, in the fourth quarter of 2022 and $(10) million and (4)%, respectively, in the first quarter of 2022.
  • This compares to fourth quarter 2022 results of 14.0% and 14.4%, respectively, and to first quarter 2022 results of 16.2% and 16.2%, respectively.
  • Enact will discuss first quarter financial results in a conference call tomorrow, Thursday, May 4, 2023, at 8:00 a.m. (Eastern).

VisaLex Releases New Version of Its Platform, Further Streamlining the U.S. Immigration Process

Retrieved on: 
Thursday, March 9, 2023
Request, H-1B, USCIS, E-2, IPad, Acquisition, Visa policy of the United States, PDF, Naturalization, Organization, EB-1A, IPhone, EB-5, NIW, EB-2, Visa, Confusion, Android, RFE, Request for Evidence, O-1, United States Citizenship and Immigration Services, Translation, P-1, Mobile phone

ORLANDO, Fla., March 9, 2023 /PRNewswire-PRWeb/ -- VisaLex, a technology provider of online services that streamline the U.S. immigration process, announced today the launch of a significant update to its platform. Founded in 2017, VisaLex has helped more than 5,000 clients successfully apply for complex employment-based visas, as well as green cards. The company completely overhauled its platform during the pandemic, improving not only the user interface and user experience of all features, but also optimizing and further streamlining the application process.

Key Points: 
  • ORLANDO, Fla., March 9, 2023 /PRNewswire-PRWeb/ -- VisaLex, a technology provider of online services that streamline the U.S. immigration process, announced today the launch of a significant update to its platform.
  • Founded in 2017, VisaLex has helped more than 5,000 clients successfully apply for complex employment-based visas, as well as green cards.
  • The company completely overhauled its platform during the pandemic, improving not only the user interface and user experience of all features, but also optimizing and further streamlining the application process.
  • Citizenship and Immigration Services (USCIS) PDF documents, instantly converting them into an easy-to-use online form for applicants.