NMI Holdings, Inc. Named to San Francisco Business Times’ Top Middle Market Companies List
June 29 2022 - 9:00AM
NMI Holdings, Inc. (NASDAQ: NMIH), the parent company of National
Mortgage Insurance Corporation (National MI), has been named to
the San Francisco Business Times’ Middle Market 75 List
of the fastest-growing mid-sized companies in the Bay Area.
The 75 companies are headquartered in Alameda, Contra
Costa, Marin, San Francisco and San
Mateo counties. This is the third consecutive year National MI
has been recognized on the list.
The Middle Market 75 List is comprised of publicly-traded and
privately held companies with annual revenue between $25
million and $1 billion. Companies recognized on the list
in 2022 were ranked by weighted scores that took into account both
the percentage growth and dollar increase in their revenue from
2019 to 2021. National MI generated $485 million of total revenue
in 2021, up 28% compared to $379 million of total revenue in
2019.
“It’s an honor to be recognized on the San Francisco Business
Times’ Middle Market 75 List for the third consecutive year,”
said Adam Pollitzer, President and CEO of National MI. “In
2021, we delivered record NIW volume, grew our high-quality insured
portfolio and achieved record revenue and profitability. National
MI is leading with impact, helping a record number of borrowers
gain access to housing and providing them support as they build
long-term value and community. Looking forward, we see a compelling
opportunity to continue to support borrowers in need, drive strong
growth in our high-quality insurance in-force and deliver strong
financial results.”
About National MINational 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.
Cautionary Note Regarding Forward Looking
StatementsThis press release contains forward looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended (the "Securities Act"), Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act”),
the U.S. Private Securities Litigation Reform Act of 1995, or in
releases made by the U.S. Securities and Exchange Commission
(“SEC”), all as may be amended from time to time. Forward-looking
statements are statements about future, not past, events and rely
on a number of assumptions concerning future events and involve
certain important risks and uncertainties, any of which could cause
our actual results to differ materially from those expressed in our
forward-looking statements. Forward-looking statements in this
press release include, without limitation, statements regarding
National MI’s positioning for its future performance. More
information about the risks, uncertainties and assumptions
affecting National MI include, but are not necessarily limited to,
the risk factors and forward-looking statements cautionary language
contained in our Annual Report on Form 10-K and in other filings
made with the SEC. We do not undertake, and specifically
disclaim, any obligation to revise any forward-looking statements
to reflect the occurrence of future events or circumstances.
Press ContactMary McGarityStrategic Vantage
Mortgage Public Relations(203)
260-5476MaryMcGarity@StrategicVantage.com
Investor ContactJohn M. SwensonVice President,
Investor Relations
and Treasuryjohn.swenson@nationalmi.com (510)
788-8417
NMI (NASDAQ:NMIH)
Historical Stock Chart
From Jun 2024 to Jul 2024
NMI (NASDAQ:NMIH)
Historical Stock Chart
From Jul 2023 to Jul 2024