Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock is listed on the NASDAQ under the symbol "NMIH." At February 11, 2019, there were 68,438,109 shares of our Class A common stock outstanding and approximately 13 holders of record.
+Added: Our common stock is listed on the NASDAQ under the symbol "NMIH." On February 22, 2021, there were 85,302,579 shares of our Class A common stock outstanding and approximately twelve holders of record.
There are no shares of our Class B common stock outstanding.
1 unchanged sentence
No dividends on our common stock have previously been declared or paid, and we do not expect to declare or pay dividends in the near future.
−Removed: For information on our ability to pay dividends, see Item 7, " Management's Discussion and Analysis of Financial Condition and Results of Operations - Holding Company Liquidity and Capital Resources " and Item 8, " Financial Statements and Supplementary Data - Notes to Consolidated Financial Statements - Note16, Regulatory Information - Dividend Restrictions.
+Added: For information on our ability to pay dividends, see Item 7, " Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources " and Item 8, " Financial Statements and Supplementary Data - Notes to Consolidated Financial Statements - Note16, Regulatory Information - Dividend Restrictions.
Issuer Purchases of Equity Securities
5 unchanged sentences
Information contained or referenced in the stock performance graph below is being furnished with this report and will not be deemed "filed" for purposes of Section 18 of the Exchange Act or deemed to be incorporated by reference into any filing under the Exchange Act or the Securities Act.
+Added: 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
NMI Holdings, Inc.
+Added: $ 100 $ 157 $ 251 $ 264 $ 490 $ 335
Russell 2000 Index 100 121 139 124 155 186
4 unchanged sentences
For the years ended December 31,
−Removed: Consolidated statements of operations
−Removed: (In Thousands, except for per share data)
+Added: 2020 2019 2018 2017 2016
+Added: Consolidated statements of operations (In Thousands, except for per share data)
Net premiums earned $ 397,172 $ 345,015 $ 251,197 $ 165,740 $ 110,481
4 unchanged sentences
Underwriting and operating expenses (1)
−Removed: Net income (loss)
+Added: 131,610 126,621 116,966 106,362 92,731
+Added: Net income 171,566 171,957 107,927 22,050 64,001
Basic earnings per share $ 2.20 $ 2.54 $ 1.66 $ 0.37 $ 1.08
Basic weighted average shares outstanding 78,023 67,573 65,019 59,816 59,071
−Removed: Consolidated balance sheets
−Removed: (In Thousands, except for ratios)
+Added: 2020 2019 2018 2017 2016
+Added: Consolidated balance sheets (In Thousands, except for ratios)
Total investments $ 1,804,286 $ 1,140,940 $ 911,490 $ 715,875 $ 628,969
Cash and cash equivalents 126,937 41,089 25,294 19,196 47,746
+Added: Total assets 2,166,666 1,364,818 1,092,043 894,848 839,897
+Added: Term loan 393,301 145,764 146,757 143,882 144,353
Unearned premiums 118,817 136,642 158,893 163,166 152,906
4 unchanged sentences
Loss ratio (2)
+Added: 14.9 % 3.6 % 2.2 % 3.2 % 2.2 %
Expense ratio (3)
+Added: 33.1 % 36.7 % 46.6 % 64.2 % 83.9 %
Combined ratio 48.1 % 40.3 % 48.8 % 67.4 % 86.1 %
Risk-to-capital ratio 11.7:1 15.8:1 13.1:1 13.2:1 11.6:1
−Removed: (In Millions, except for noted below)
+Added: 2019 2019 2018 2017 2016
+Added: Other data (In Millions, except for noted below)
New primary insurance written $ 62,702 45,141 $ 27,295 $ 21,587 $ 21,189
4 unchanged sentences
Available Assets (4) ($ thousand)
+Added: 1,750,668 1,016,387 733,762 527,897 453,523
Net Risk-Based Required Assets (4) ($ thousand)
+Added: 984,372 773,474 511,268 446,226 366,584
(1) Prior periods have been reclassified for consistency and presentation purposes.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.