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Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
NMI Holdings's Claims Ratio % for the quarter that ended in Mar. 2024 was 2.70% , which is lower than 6.20% for the pervious quarter ended in Dec. 2023.
NMI Holdings's Claims Ratio % for the annual that ended in Dec. 2023 was 4.40% , which is higher than -0.80% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for NMI Holdings's Claims Ratio % or its related term are showing as below:
The historical data trend for NMI Holdings's Claims 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.
NMI Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
NMI HoldingsQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
For the Insurance - Specialty subindustry, NMI Holdings's Claims Ratio %, along with its competitors' market caps and Claims 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.
Claims Ratio % is calculated as
Claims Ratio % | = | Total Claims | / | Total Premiums Earned | * | 100% |
* 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.
NMI Holdings (NAS:NMIH) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Thank you for viewing the detailed overview of NMI Holdings's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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