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." On February 22, 2021, there were 85,302,579 shares of our Class A common stock outstanding and approximately twelve holders of record.
+Added: Our common stock is listed on the NASDAQ under the symbol "NMIH." On February 11, 2022, there were 85,839,783 shares of our Class A common stock outstanding and approximately thirteen holders of record.
There are no shares of our Class B common stock outstanding.
The closing price of our common stock on NASDAQ on February 11, 2022 was $25.97.
−Removed: 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.
+Added: No dividends on our common stock have previously been declared or paid, and we may not declare or pay dividends in the future.
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.
12 unchanged sentences
Peer Index (ESNT, MTG, RDN) 100 129 102 157 135 142
−Removed: Selected Financial Data
−Removed: The information in the following table should be read in conjunction with the information included in Item 7 , " Management's Discussion and Analysis of Financial Condition and Results of Operations " and the consolidated financial statements and notes thereto included in Item 8, " Financial Statements and Supplementary Data.
−Removed: For the years ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Consolidated statements of operations (In Thousands, except for per share data)
−Removed: Net premiums earned $ 397,172 $ 345,015 $ 251,197 $ 165,740 $ 110,481
−Removed: Net investment income 31,897 30,856 23,538 16,273 13,751
−Removed: Net realized investment gains (losses) 930 45 57 208 (693)
−Removed: Total revenues 433,283 378,771 275,025 182,743 123,815
−Removed: Insurance claims & claim expenses 59,247 12,507 5,452 5,339 2,392
−Removed: Underwriting and operating expenses (1)
−Removed: 131,610 126,621 116,966 106,362 92,731
−Removed: Net income 171,566 171,957 107,927 22,050 64,001
−Removed: Basic earnings per share $ 2.20 $ 2.54 $ 1.66 $ 0.37 $ 1.08
−Removed: Basic weighted average shares outstanding 78,023 67,573 65,019 59,816 59,071
−Removed: 2020 2019 2018 2017 2016
−Removed: Consolidated balance sheets (In Thousands, except for ratios)
−Removed: Total investments $ 1,804,286 $ 1,140,940 $ 911,490 $ 715,875 $ 628,969
−Removed: Cash and cash equivalents 126,937 41,089 25,294 19,196 47,746
−Removed: Total assets 2,166,666 1,364,818 1,092,043 894,848 839,897
−Removed: Term loan 393,301 145,764 146,757 143,882 144,353
−Removed: Unearned premiums 118,817 136,642 158,893 163,166 152,906
−Removed: Reserve for insurance claims and claim expenses 90,567 23,752 12,811 8,761 3,001
−Removed: Shareholders' equity 1,369,591 930,420 701,500 509,077 475,509
−Removed: Book value per share $ 16.08 $ 13.61 $ 10.58 $ 8.41 $ 8.04
−Removed: Selected ratios
−Removed: Loss ratio (2)
−Removed: 14.9 % 3.6 % 2.2 % 3.2 % 2.2 %
−Removed: Expense ratio (3)
−Removed: 33.1 % 36.7 % 46.6 % 64.2 % 83.9 %
−Removed: Combined ratio 48.1 % 40.3 % 48.8 % 67.4 % 86.1 %
−Removed: Risk-to-capital ratio 11.7:1 15.8:1 13.1:1 13.2:1 11.6:1
−Removed: 2019 2019 2018 2017 2016
−Removed: Other data (In Millions, except for noted below)
−Removed: New primary insurance written $ 62,702 45,141 $ 27,295 $ 21,587 $ 21,189
−Removed: New primary risk written 15,602 11,715 6,909 5,271 5,086
−Removed: Direct primary insurance in force 111,252 94,754 68,551 48,465 32,168
−Removed: Direct primary risk in force 28,164 24,173 17,091 11,843 7,790
−Removed: Direct pool risk in force 93 93 93 93 93
−Removed: Available Assets (4) ($ thousand)
−Removed: 1,750,668 1,016,387 733,762 527,897 453,523
−Removed: Net Risk-Based Required Assets (4) ($ thousand)
−Removed: 984,372 773,474 511,268 446,226 366,584
−Removed: (1) Prior periods have been reclassified for consistency and presentation purposes.
−Removed: (2) Loss ratio is calculated by dividing the provision for insurance claims and claim expenses by net premiums earned.
−Removed: (3) Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned.
−Removed: (4) As reported by NMIC under the PMIERs financial requirements, which took effect as of December 31, 2015 and further amended by the GSEs that became applicable to NMIC on March 31, 2019.
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.