NMI Holdings (NMI Holdings) Retained Earnings

: $1,223.2 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NMI Holdings's retained earnings for the quarter that ended in Dec. 2023 was $1,223.2 Mil.

NMI Holdings's quarterly retained earnings increased from Jun. 2023 ($1,055.8 Mil) to Sep. 2023 ($1,139.7 Mil) and increased from Sep. 2023 ($1,139.7 Mil) to Dec. 2023 ($1,223.2 Mil).

NMI Holdings's annual retained earnings increased from Dec. 2021 ($608.1 Mil) to Dec. 2022 ($901.0 Mil) and increased from Dec. 2022 ($901.0 Mil) to Dec. 2023 ($1,223.2 Mil).

NMI Holdings Retained Earnings Historical Data

The historical data trend for NMI Holdings's Retained Earnings 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.

* Premium members only.

NMI Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

205.45

377.01

608.14

901.04

1,223.15

NMI Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																901.04	975.50	1,055.79	1,139.74	1,223.15

NMI Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

NMI Holdings (NAS:NMIH) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

NMI Holdings (NMI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NMI Holdings Inc (NAS:NMIH) » Definitions » Retained Earnings

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