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10-K Filing

NMI HOLDINGS, INC. CIK: 1547903 FY 2023
Filing Information
Form Type 10-K
Accession Number 0001547903-24-000035
Period End Date 20231231
Filing Date 20240215
Fiscal Year 2023
Fiscal Period FY
XBRL Instance nmih-20231231_htm.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Amortized Cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $2.54B USD Point-in-time
Amortized Cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $2.35B USD Point-in-time
Fixed maturities, available-for-sale, at fair value (amortized cost of $2,542,862 and $2,352,747 as of December 31, 2023 and December 31, 2022, respectively) AvailableForSaleSecuritiesDebtSecurities $2.10B USD Point-in-time
Restricted cash RestrictedCash $2.18M USD Point-in-time
Restricted cash RestrictedCash $1.34M USD Point-in-time
Fixed maturities, available-for-sale, at fair value (amortized cost of $2,542,862 and $2,352,747 as of December 31, 2023 and December 31, 2022, respectively) AvailableForSaleSecuritiesDebtSecurities $2.37B USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents (including restricted cash of $1,338 and $2,176 as of December 31, 2023 and December 31, 2022, respectively) CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $44.43M USD Point-in-time
Cash and cash equivalents (including restricted cash of $1,338 and $2,176 as of December 31, 2023 and December 31, 2022, respectively) CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $76.65M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents (including restricted cash of $1,338 and $2,176 as of December 31, 2023 and December 31, 2022, respectively) CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $126.94M USD Point-in-time
Cash and cash equivalents (including restricted cash of $1,338 and $2,176 as of December 31, 2023 and December 31, 2022, respectively) CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.69M USD Point-in-time
Premiums receivable PremiumsReceivableAtCarryingValue $69.68M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 87.33M shares Point-in-time
Premiums receivable PremiumsReceivableAtCarryingValue $76.46M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 86.47M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 83.55M shares Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $19.79M USD Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 80.88M shares Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $14.14M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 250.00M shares Point-in-time
Deferred policy acquisition costs, net DeferredPolicyAcquisitionCosts $62.91M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 250.00M shares Point-in-time
Deferred policy acquisition costs, net DeferredPolicyAcquisitionCosts $58.56M USD Point-in-time
Treasury stock, common shares (in shares) TreasuryStockCommonShares 2.92M shares Point-in-time
Software and equipment, net PropertyPlantAndEquipmentNet $31.93M USD Point-in-time
Software and equipment, net PropertyPlantAndEquipmentNet $30.25M USD Point-in-time
Treasury stock, common shares (in shares) TreasuryStockCommonShares 6.45M shares Point-in-time
Intangible assets and goodwill IntangibleAssetsNetIncludingGoodwill $3.63M USD Point-in-time
Intangible assets and goodwill IntangibleAssetsNetIncludingGoodwill $3.63M USD Point-in-time
Reinsurance recoverable ReinsuranceRecoverablesGross $21.59M USD Point-in-time
Reinsurance recoverable ReinsuranceRecoverablesGross $27.51M USD Point-in-time
Prepaid federal income taxes PrepaidFederalIncomeTaxes $154.41M USD Point-in-time
Prepaid federal income taxes PrepaidFederalIncomeTaxes $235.29M USD Point-in-time
Other assets OtherAssets $16.96M USD Point-in-time
Other assets OtherAssets $18.27M USD Point-in-time
Total assets Assets $2.94B USD Point-in-time
Total assets Assets $2.52B USD Point-in-time
Debt SecuredDebt $397.60M USD Point-in-time
Debt SecuredDebt $396.05M USD Point-in-time
Unearned premiums UnearnedPremiums $123.03M USD Point-in-time
Unearned premiums UnearnedPremiums $92.30M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $74.58M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $86.19M USD Point-in-time
Reserve for insurance claims and claim expenses LiabilityForClaimsAndClaimsAdjustmentExpense $90.57M USD Point-in-time
Reserve for insurance claims and claim expenses LiabilityForClaimsAndClaimsAdjustmentExpense $99.84M USD Point-in-time
Reserve for insurance claims and claim expenses LiabilityForClaimsAndClaimsAdjustmentExpense $103.55M USD Point-in-time
Reserve for insurance claims and claim expenses LiabilityForClaimsAndClaimsAdjustmentExpense $123.97M USD Point-in-time
Reinsurance funds withheld FundsHeldUnderReinsuranceAgreementsLiability $1.42M USD Point-in-time
Reinsurance funds withheld FundsHeldUnderReinsuranceAgreementsLiability $2.67M USD Point-in-time
Deferred tax liability, net DeferredIncomeTaxLiabilitiesNet $193.86M USD Point-in-time
Deferred tax liability, net DeferredIncomeTaxLiabilitiesNet $301.57M USD Point-in-time
Other liabilities OtherLiabilities $12.27M USD Point-in-time
Other liabilities OtherLiabilities $11.46M USD Point-in-time
Total liabilities Liabilities $1.01B USD Point-in-time
Total liabilities Liabilities $902.30M USD Point-in-time
Commitments and contingencies (see Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 14) CommitmentsAndContingencies - USD Point-in-time
Common stock - class A shares, $0.01 par value; 87,334,138 shares issued and 80,881,280 shares outstanding as of December 31, 2023 and 86,472,742 shares issued and 83,549,879 shares outstanding as of December 31, 2022 (250,000,000 shares authorized) CommonStockValueOutstanding $865.00K USD Point-in-time
Common stock - class A shares, $0.01 par value; 87,334,138 shares issued and 80,881,280 shares outstanding as of December 31, 2023 and 86,472,742 shares issued and 83,549,879 shares outstanding as of December 31, 2022 (250,000,000 shares authorized) CommonStockValueOutstanding $873.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $990.82M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $972.72M USD Point-in-time
Treasury stock, at cost: 6,452,858 and 2,922,863 common shares as of December 31, 2023 and December 31, 2022, respectively TreasuryStockCommonValue $148.92M USD Point-in-time
Treasury stock, at cost: 6,452,858 and 2,922,863 common shares as of December 31, 2023 and December 31, 2022, respectively TreasuryStockCommonValue $56.58M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-139.92M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-204.32M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $901.04M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.22B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.37B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.61B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.57B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.93B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.52B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.94B USD Point-in-time
Income Statement 199 line items
Line Item Tag Value Unit Period
Unrealized gains (losses) in accumulated other comprehensive income, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-54.61M USD Annual
Unrealized gains (losses) in accumulated other comprehensive income, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $17.11M USD Annual
Unrealized gains (losses) in accumulated other comprehensive income, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-13.77M USD Annual
Net premiums earned PremiumsEarnedNet $125.98M USD 1 Quarter
Net premiums earned PremiumsEarnedNet $130.09M USD 1 Quarter
Reclassification adjustment for realized losses (gains) included in net income, tax (benefit) expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $101.00K USD Annual
Net premiums earned PremiumsEarnedNet $510.77M USD Annual
Net premiums earned PremiumsEarnedNet $116.50M USD 1 Quarter
Reclassification adjustment for realized losses (gains) included in net income, tax (benefit) expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $153.00K USD Annual
Net premiums earned PremiumsEarnedNet $121.75M USD 1 Quarter
Net premiums earned PremiumsEarnedNet $132.94M USD 1 Quarter
Net premiums earned PremiumsEarnedNet $119.58M USD 1 Quarter
Reclassification adjustment for realized losses (gains) included in net income, tax (benefit) expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-7.00K USD Annual
Net premiums earned PremiumsEarnedNet $475.27M USD Annual
Net premiums earned PremiumsEarnedNet $444.29M USD Annual
Net premiums earned PremiumsEarnedNet $120.87M USD 1 Quarter
Net premiums earned PremiumsEarnedNet $118.32M USD 1 Quarter
Net investment income NetInvestmentIncome $46.41M USD Annual
Net investment income NetInvestmentIncome $17.85M USD 1 Quarter
Net investment income NetInvestmentIncome $18.25M USD 1 Quarter
Net investment income NetInvestmentIncome $67.51M USD Annual
Net investment income NetInvestmentIncome $14.89M USD 1 Quarter
Net investment income NetInvestmentIncome $38.07M USD Annual
Net investment income NetInvestmentIncome $16.52M USD 1 Quarter
Net investment income NetInvestmentIncome $11.95M USD 1 Quarter
Net investment income NetInvestmentIncome $10.20M USD 1 Quarter
Net investment income NetInvestmentIncome $10.92M USD 1 Quarter
Net investment income NetInvestmentIncome $13.34M USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $-33.00K USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments - USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $14.00K USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $53.00K USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $-33.00K USD Annual
Net realized investment (losses) gains GainLossOnInvestments - USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $729.00K USD Annual
Net realized investment (losses) gains GainLossOnInvestments $6.00K USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments - USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $408.00K USD 1 Quarter
Net realized investment (losses) gains GainLossOnInvestments $481.00K USD Annual
Other revenues OtherIncome $1.98M USD Annual
Other revenues OtherIncome $164.00K USD 1 Quarter
Other revenues OtherIncome $339.00K USD 1 Quarter
Other revenues OtherIncome $376.00K USD 1 Quarter
Other revenues OtherIncome $182.00K USD 1 Quarter
Other revenues OtherIncome $217.00K USD 1 Quarter
Other revenues OtherIncome $301.00K USD 1 Quarter
Other revenues OtherIncome $193.00K USD 1 Quarter
Other revenues OtherIncome $176.00K USD 1 Quarter
Other revenues OtherIncome $1.19M USD Annual
Other revenues OtherIncome $756.00K USD Annual
Total revenues Revenues $579.00M USD Annual
Total revenues Revenues $523.35M USD Annual
Total revenues Revenues $485.07M USD Annual
Insurance claims and claim expenses (benefits) PolicyholderBenefitsAndClaimsIncurredNet $12.30M USD Annual
Insurance claims and claim expenses (benefits) PolicyholderBenefitsAndClaimsIncurredNet $22.62M USD Annual
Insurance claims and claim expenses (benefits) PolicyholderBenefitsAndClaimsIncurredNet $-3.59M USD Annual
Underwriting and operating expenses OtherCostAndExpenseOperating $30.70M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $26.71M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $110.70M USD Annual
Underwriting and operating expenses OtherCostAndExpenseOperating $25.79M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $29.72M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $27.75M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $27.45M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $142.30M USD Annual
Underwriting and operating expenses OtherCostAndExpenseOperating $117.49M USD Annual
Underwriting and operating expenses OtherCostAndExpenseOperating $32.94M USD 1 Quarter
Underwriting and operating expenses OtherCostAndExpenseOperating $27.14M USD 1 Quarter
Service expenses OtherNonoperatingExpense $197.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $80.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $771.00K USD Annual
Service expenses OtherNonoperatingExpense $2.51M USD Annual
Service expenses OtherNonoperatingExpense $131.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $1.09M USD Annual
Service expenses OtherNonoperatingExpense $267.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $239.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $336.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $185.00K USD 1 Quarter
Service expenses OtherNonoperatingExpense $430.00K USD 1 Quarter
Interest expense InterestExpense $8.04M USD 1 Quarter
Interest expense InterestExpense $32.21M USD Annual
Interest expense InterestExpense $8.04M USD 1 Quarter
Interest expense InterestExpense $31.80M USD Annual
Interest expense InterestExpense $8.04M USD 1 Quarter
Interest expense InterestExpense $8.07M USD 1 Quarter
Interest expense InterestExpense $8.05M USD 1 Quarter
Interest expense InterestExpense $32.16M USD Annual
Interest expense InterestExpense $8.06M USD 1 Quarter
Interest expense InterestExpense $8.04M USD 1 Quarter
Interest expense InterestExpense $8.05M USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $93.00K USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $566.00K USD Annual
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability - USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $1.11M USD Annual
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability - USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $1.02M USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability - USD Annual
Total expenses CostsAndExpenses $188.35M USD Annual
Total expenses CostsAndExpenses $166.30M USD Annual
Total expenses CostsAndExpenses $146.04M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $104.05M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $98.59M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $296.73M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $97.19M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $412.70M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $377.31M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $94.78M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $96.17M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $105.18M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $107.30M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $86.75M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $19.07M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $21.75M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $84.40M USD Annual
Income tax expense IncomeTaxExpenseBenefit $90.59M USD Annual
Income tax expense IncomeTaxExpenseBenefit $21.75M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $21.71M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $21.84M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $23.34M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $23.77M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $21.77M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $65.59M USD Annual
Net income NetIncomeLoss $76.84M USD 1 Quarter
Net income NetIncomeLoss $83.95M USD 1 Quarter
Net income NetIncomeLoss $74.46M USD 1 Quarter
Net income NetIncomeLoss $322.11M USD Annual
Net income NetIncomeLoss $75.44M USD 1 Quarter
Net income NetIncomeLoss $231.13M USD Annual
Net income NetIncomeLoss $80.28M USD 1 Quarter
Net income NetIncomeLoss $83.41M USD 1 Quarter
Net income NetIncomeLoss $67.68M USD 1 Quarter
Net income NetIncomeLoss $72.94M USD 1 Quarter
Net income NetIncomeLoss $292.90M USD Annual
Basic (in dollars per share) EarningsPerShareBasic $0.88 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.91 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.97 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.03 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $3.45 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $0.87 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $3.91 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $2.70 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $0.89 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.79 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.02 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $3.39 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $0.77 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $3.84 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $0.95 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.01 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.86 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.88 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.00 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.86 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.90 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.65 USD Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 82.96M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 82.10M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 83.60M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 84.92M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 84.44M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 83.59M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 82.41M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 85.95M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 85.73M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 85.62M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 81.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 84.84M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 86.89M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 86.58M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 87.31M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 84.19M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 86.00M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 84.81M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 82.69M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 83.85M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 83.67M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 85.48M shares 1 Quarter
Net income NetIncomeLoss $76.84M USD 1 Quarter
Net income NetIncomeLoss $83.95M USD 1 Quarter
Net income NetIncomeLoss $74.46M USD 1 Quarter
Net income NetIncomeLoss $322.11M USD Annual
Net income NetIncomeLoss $75.44M USD 1 Quarter
Net income NetIncomeLoss $231.13M USD Annual
Net income NetIncomeLoss $80.28M USD 1 Quarter
Net income NetIncomeLoss $83.41M USD 1 Quarter
Net income NetIncomeLoss $67.68M USD 1 Quarter
Net income NetIncomeLoss $72.94M USD 1 Quarter
Net income NetIncomeLoss $292.90M USD Annual
Unrealized gains (losses) in accumulated other comprehensive income, net of tax expense (benefit) of $17,113, $(54,608) and $(13,768) for each of the years in the three-year period ended December 31, 2023, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-51.80M USD Annual
Unrealized gains (losses) in accumulated other comprehensive income, net of tax expense (benefit) of $17,113, $(54,608) and $(13,768) for each of the years in the three-year period ended December 31, 2023, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-205.43M USD Annual
Unrealized gains (losses) in accumulated other comprehensive income, net of tax expense (benefit) of $17,113, $(54,608) and $(13,768) for each of the years in the three-year period ended December 31, 2023, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $64.38M USD Annual
Reclassification adjustment for realized losses (gains) included in net income, net of tax (benefit) expense of $(7), $101 and $153 for each of the years in the three-years ended December 31, 2023, respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $576.00K USD Annual
Reclassification adjustment for realized losses (gains) included in net income, net of tax (benefit) expense of $(7), $101 and $153 for each of the years in the three-years ended December 31, 2023, respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-26.00K USD Annual
Reclassification adjustment for realized losses (gains) included in net income, net of tax (benefit) expense of $(7), $101 and $153 for each of the years in the three-years ended December 31, 2023, respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $380.00K USD Annual
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $64.41M USD Annual
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-205.81M USD Annual
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-52.37M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $178.76M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $386.52M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $87.09M USD Annual
Cash Flow Statement 122 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $76.84M USD 1 Quarter
Net income NetIncomeLoss $83.95M USD 1 Quarter
Net income NetIncomeLoss $74.46M USD 1 Quarter
Net income NetIncomeLoss $322.11M USD Annual
Net income NetIncomeLoss $75.44M USD 1 Quarter
Net income NetIncomeLoss $231.13M USD Annual
Net income NetIncomeLoss $80.28M USD 1 Quarter
Net income NetIncomeLoss $83.41M USD 1 Quarter
Net income NetIncomeLoss $67.68M USD 1 Quarter
Net income NetIncomeLoss $72.94M USD 1 Quarter
Net income NetIncomeLoss $292.90M USD Annual
Net realized investment loss (gains) DebtSecuritiesAvailableForSaleRealizedGainLoss $481.00K USD Annual
Net realized investment loss (gains) DebtSecuritiesAvailableForSaleRealizedGainLoss $-33.00K USD Annual
Net realized investment loss (gains) DebtSecuritiesAvailableForSaleRealizedGainLoss $729.00K USD Annual
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $93.00K USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $566.00K USD Annual
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability - USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $1.11M USD Annual
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability - USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability $1.02M USD 1 Quarter
Gain from change in fair value of warrant liability GainLossonChangeinFairValueofWarrantLiability - USD Annual
Depreciation and amortization DepreciationAmortizationAndAccretionNet $11.54M USD Annual
Depreciation and amortization DepreciationAmortizationAndAccretionNet $11.87M USD Annual
Depreciation and amortization DepreciationAmortizationAndAccretionNet $11.23M USD Annual
Net amortization of premium on investment securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-5.72M USD Annual
Net amortization of premium on investment securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-6.73M USD Annual
Net amortization of premium on investment securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-481.00K USD Annual
Amortization of debt discount and debt issuance costs AmortizationOfFinancingCostsAndDiscounts $1.85M USD Annual
Amortization of debt discount and debt issuance costs AmortizationOfFinancingCostsAndDiscounts $1.86M USD Annual
Amortization of debt discount and debt issuance costs AmortizationOfFinancingCostsAndDiscounts $1.96M USD Annual
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $84.39M USD Annual
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $65.51M USD Annual
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $90.59M USD Annual
Share-based compensation expense ShareBasedCompensation $16.91M USD Annual
Share-based compensation expense ShareBasedCompensation $16.68M USD Annual
Share-based compensation expense ShareBasedCompensation $15.43M USD Annual
Premiums receivable IncreaseDecreaseInPremiumsReceivable $9.32M USD Annual
Premiums receivable IncreaseDecreaseInPremiumsReceivable $10.58M USD Annual
Premiums receivable IncreaseDecreaseInPremiumsReceivable $6.78M USD Annual
Accrued investment income IncreaseDecreaseInAccruedInvestmentIncomeReceivable $5.64M USD Annual
Accrued investment income IncreaseDecreaseInAccruedInvestmentIncomeReceivable $2.24M USD Annual
Accrued investment income IncreaseDecreaseInAccruedInvestmentIncomeReceivable $2.04M USD Annual
Deferred policy acquisition costs, net IncreaseDecreaseInDeferredPolicyAcquisitionCosts $-2.64M USD Annual
Deferred policy acquisition costs, net IncreaseDecreaseInDeferredPolicyAcquisitionCosts $4.34M USD Annual
Deferred policy acquisition costs, net IncreaseDecreaseInDeferredPolicyAcquisitionCosts $-1.02M USD Annual
Reinsurance recoverable IncreaseDecreaseInReinsuranceRecoverable $5.93M USD Annual
Reinsurance recoverable IncreaseDecreaseInReinsuranceRecoverable $2.71M USD Annual
Reinsurance recoverable IncreaseDecreaseInReinsuranceRecoverable $1.27M USD Annual
Prepaid federal income taxes IncreaseDecreaseInPrepaidTaxes $65.17M USD Annual
Prepaid federal income taxes IncreaseDecreaseInPrepaidTaxes $42.85M USD Annual
Prepaid federal income taxes IncreaseDecreaseInPrepaidTaxes $80.88M USD Annual
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-236.00K USD Annual
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $218.00K USD Annual
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $316.00K USD Annual
Unearned premiums IncreaseDecreaseInUnearnedPremiums $-30.74M USD Annual
Unearned premiums IncreaseDecreaseInUnearnedPremiums $-16.20M USD Annual
Unearned premiums IncreaseDecreaseInUnearnedPremiums $20.42M USD Annual
Reserve for insurance claims and claim expenses IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $12.98M USD Annual
Reserve for insurance claims and claim expenses IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $24.14M USD Annual
Reserve for insurance claims and claim expenses IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $-3.71M USD Annual
Reinsurance balances, net IncreaseDecreaseinReinsuranceAssetsandLiabilities $1.90M USD Annual
Reinsurance balances, net IncreaseDecreaseinReinsuranceAssetsandLiabilities $683.00K USD Annual
Reinsurance balances, net IncreaseDecreaseinReinsuranceAssetsandLiabilities $859.00K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $10.39M USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.39M USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $16.91M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $313.39M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $325.72M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $342.68M USD Annual
Purchase of short-term investments PaymentsToAcquireShortTermInvestments $166.22M USD Annual
Purchase of short-term investments PaymentsToAcquireShortTermInvestments $313.93M USD Annual
Purchase of short-term investments PaymentsToAcquireShortTermInvestments $10.64M USD Annual
Purchase of fixed-maturity investments, available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $514.40M USD Annual
Purchase of fixed-maturity investments, available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $233.59M USD Annual
Purchase of fixed-maturity investments, available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $488.56M USD Annual
Proceeds from maturity of short-term investments ProceedsFromSaleOfShortTermInvestments $151.63M USD Annual
Proceeds from maturity of short-term investments ProceedsFromSaleOfShortTermInvestments $320.55M USD Annual
Proceeds from maturity of short-term investments ProceedsFromSaleOfShortTermInvestments - USD Annual
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $163.10M USD Annual
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $116.66M USD Annual
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $143.61M USD Annual
Additions to software and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.57M USD Annual
Additions to software and equipment PaymentsToAcquirePropertyPlantAndEquipment $12.24M USD Annual
Additions to software and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.37M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-374.18M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-289.79M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-200.00M USD Annual
Proceeds from issuance of common stock related to employee equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $4.20M USD Annual
Proceeds from issuance of common stock related to employee equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $5.44M USD Annual
Proceeds from issuance of common stock related to employee equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $10.55M USD Annual
Proceeds from issuance of common stock related to warrant exercises ProceedsFromWarrantExercises $503.00K USD Annual
Proceeds from issuance of common stock related to warrant exercises ProceedsFromWarrantExercises $518.00K USD Annual
Proceeds from issuance of common stock related to warrant exercises ProceedsFromWarrantExercises - USD Annual
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $9.36M USD Annual
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.21M USD Annual
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.43M USD Annual
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts - USD Annual
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $1.11M USD Annual
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts - USD Annual
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $56.58M USD Annual
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $91.61M USD Annual
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.83M USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-55.83M USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-90.42M USD Annual
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-50.29M USD Annual
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $52.26M USD Annual
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-32.22M USD Annual
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $44.43M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $76.65M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $126.94M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.69M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $44.43M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $76.65M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $126.94M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.69M USD Point-in-time
Interest paid InterestPaidNet $29.50M USD Annual
Interest paid InterestPaidNet $29.50M USD Annual
Interest paid InterestPaidNet $29.50M USD Annual
Income taxes (paid) refunded IncomeTaxesPaidNet $457.00K USD Annual
Income taxes (paid) refunded IncomeTaxesPaidNet $20.00K USD Annual
Income taxes (paid) refunded IncomeTaxesPaidNet $-20.00K USD Annual
Stockholders Equity 39 line items
Line Item Tag Value Unit Period
Change in unrealized investment gains/losses, tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-13.92M USD Annual
Change in unrealized investment gains/losses, tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $17.12M USD Annual
Change in unrealized investment gains/losses, tax expense (benefit) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-54.71M USD Annual
Beginning balance (in shares) CommonStockSharesOutstanding 83.55M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 80.88M shares Point-in-time
Beginning balance StockholdersEquity $1.37B USD Point-in-time
Beginning balance StockholdersEquity $1.61B USD Point-in-time
Beginning balance StockholdersEquity $1.57B USD Point-in-time
Beginning balance StockholdersEquity $1.93B USD Point-in-time
Common stock: class A shares issued related to warrant exercises StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $1.77M USD Annual
Common stock: class A shares issued related to warrant exercises StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $1.98M USD Annual
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings $-1.23M USD Annual
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings $1.19M USD Annual
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings $229.00K USD Annual
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $92.35M USD Annual
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $56.58M USD Annual
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.68M USD Annual
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $15.43M USD Annual
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.91M USD Annual
Change in unrealized investment gains/losses, tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-205.81M USD Annual
Change in unrealized investment gains/losses, tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-52.37M USD Annual
Change in unrealized investment gains/losses, tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $64.41M USD Annual
Net income NetIncomeLoss $76.84M USD 1 Quarter
Net income NetIncomeLoss $83.95M USD 1 Quarter
Net income NetIncomeLoss $74.46M USD 1 Quarter
Net income NetIncomeLoss $322.11M USD Annual
Net income NetIncomeLoss $75.44M USD 1 Quarter
Net income NetIncomeLoss $231.13M USD Annual
Net income NetIncomeLoss $80.28M USD 1 Quarter
Net income NetIncomeLoss $83.41M USD 1 Quarter
Net income NetIncomeLoss $67.68M USD 1 Quarter
Net income NetIncomeLoss $72.94M USD 1 Quarter
Net income NetIncomeLoss $292.90M USD Annual
Ending balance (in shares) CommonStockSharesOutstanding 83.55M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 80.88M shares Point-in-time
Ending balance StockholdersEquity $1.37B USD Point-in-time
Ending balance StockholdersEquity $1.61B USD Point-in-time
Ending balance StockholdersEquity $1.57B USD Point-in-time
Ending balance StockholdersEquity $1.93B USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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