UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 14, 2015
NMI Holdings, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 001-36174 | 45-4914248 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
2100 Powell Street, 12th Floor, Emeryville, CA. |
(Address of Principal Executive Offices) |
94608 |
(Zip Code) |
(855) 530-6642
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. Results of Operations and Financial Condition.
On October 14, 2015, NMI Holdings, Inc. (the “Company”), issued a news release announcing certain preliminary statistics for the third quarter of 2015, including, among other things:
•.total new insurance written ("NIW") of approximately $3.6 billion during the quarter;
•.estimated number of master policy holders as of September 30, 2015; and
•.estimated number of master policy holders generating NIW in the third quarter of 2015.
A copy of this news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information included in, or furnished with, this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1* NMI Holdings, Inc. News Release dated October 14, 2015.
_____________________
* Furnished herewith.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NMI Holdings, Inc. | |||
(Registrant) | |||
Date: | October 14, 2015 | By: | /s/ Nicole C. Sanchez |
Nicole C. Sanchez | |||
VP, Assistant General Counsel | |||
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EXHIBIT INDEX
Exhibit No. | Description | |
99.1* | NMI Holdings, Inc. News Release dated October 14, 2015. | |
* Furnished herewith. | ||
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EXHIBIT 99.1
NMI HOLDINGS, INC. REPORTS $3.6 BILLION OF NEW INSURANCE WRITTEN IN THIRD QUARTER;
TO ANNOUNCE THIRD QUARTER FINANCIAL RESULTS ON OCT. 27, 2015
EMERYVILLE, Calif., Oct. 14, 2015 --NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced the following preliminary operating statistics for its third quarter ended Sep. 30, 2015
• | New insurance written (NIW) for the third quarter was $3.63 billion, an increase of 42% over NIW of $2.55 billion in the prior quarter. |
• | The company estimates that as of the end of the quarter it had 906 approved master policies with customers, up from 842 master policies as of the end of the prior quarter |
• | The company estimates that 391 customers generated NIW during the third quarter, up from 340 in the prior quarter. |
The company also announced that it will report financial results for the third quarter after the market close on Tuesday, Oct. 27, 2015. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The conference call will be available on the company's website, www.nationalmi.com, in the "Investor Relations" section. The call also can be accessed by dialing (888) 734-0328 inside the U.S., or (914) 495-8578 for international callers using Conference ID: 60950406, or by referencing NMI Holdings, Inc.
A replay of the webcast and the earnings press release will be available on the company's website.
About National MI
National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com.
Investor Contact
John M. Swenson
Vice President, Investor Relations and Treasury
john.swenson@nationalmi.com
(510) 788-8417
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