Jul. 30 at 12:21 PM
$NMIH beats estimates, but is persistency a concern? 🤔
NMI Holdings reported Q2 EPS of
$1.22, topping the Zacks Consensus Estimate by 5.2%, driven by higher premiums and investment income. However, annual persistency dropped 140 bps YoY to 84.1%.
Complete risk/reward breakdown here 👉 https://www.zacks.com/stock/news/2638289/nmi-holdings-q2-earnings-revenues-top-estimates-on-higher-premiums?cid=sm-stocktwits-2-2638289-body-4671&ADID=SYND_STOCKTWITS_TWEET_2_2638289_BODY_4671