NMI Holdings (NMIH) Misses Q2 EPS by 3c

NMI Holdings (NASDAQ: NMIH) reported Q2 EPS of ($0.18), $0.03 worse than the analyst estimate of ($0.15).

Bradley Shuster, chairman and CEO of National MI, said, "In the second quarter, we drove significant growth in new insurance written (NIW). This is primarily attributable to strength in our flow business, which grew 69% over the prior quarter, driven by significant gains with customers who delivered NIW in 2014, contributions from new customers added in 2015, and a stronger than expected origination market. We believe our rapid growth reflects customers' favorable response to our differentiated value proposition as well as solid execution by our team."

For earnings history and earnings-related data on NMI Holdings (NMIH) click here.

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