Nmi Holdings Inc · NASDAQ:NMIH

Nmi — Investor Presentation (March 2014)

15 slides from Nmi's investor presentation, Mar 18, 2014

  1. Slide 1: Investor Presentation, Week of March 17, 2014

    © 2014 Copyright. National MI Exhibit 99.1 Investor Presentation Week of March 17, 2014 NMI Holdings, Inc. (NMIH)

  2. Slide 2: Forward-looking statements

    1 Exhibit 99.1 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical f

  3. Slide 3: National MI (NMI Holdings, Inc.) Introduction

    2 Exhibit 99.1  Private mortgage insurance company capitalized in 2012 with approximately $500 million • One of seven companies approved as an eligible mortgage insurer by Fannie Mae and Freddie Mac • Licensed in 50 out of 51 jurisdictions where the company applied for a certificate of authority 

  4. Slide 4: Key Accomplishments and Future Milestones

    3 Exhibit 99.1  We have made significant progress since forming the Company  We are only the 2nd mortgage insurer to be GSE approved in the last 20 years  We have several near term targets which will allow us to broadly address the mortgage insurance market Key Accomplishments and Future Mileston

  5. Slide 5: Significant Value Proposition

    4 Exhibit 99.1 Strong Capital Base Differentiated Product Superior Ease of Use  We believe our approach represents a differentiated and better way to insure mortgages Significant Value Proposition

  6. Slide 6: Significant Value Proposition – Capitalization

    5 Exhibit 99.1 Strong Capital Base Differentiated Product Superior Ease of Use  Approximately $460 million of available capital (no debt)  No legacy liabilities to influence decisions  No rescission history  Simple corporate structure Well received by National Accounts and GSEs  Our balance she

  7. Slide 7: Significant Value Proposition – Differentiation

    6 Exhibit 99.1 Strong Capital Base Differentiated Product Superior Ease of Use  Every policy is underwritten individually and automatically covered by 12 month rescission relief • Delegated and non-delegated • Direct retail and correspondent We believe our product: • Delivers clear master policy t

  8. Slide 8: Significant Value Proposition – Ease of Use

    7 Exhibit 99.1 Strong Capital Base Differentiated Product Superior Ease of Use  Modern, custom-developed technology to support the lifecycle of MI policy  Competitive pricing  Clear guidelines  Flexibility to meet clients’ needs We believe this will be a significant competitive advantage  Our t

  9. Slide 9: Approval by National Accounts facilitates access to Regional Accounts

    8 Exhibit 99.1  Approval by National Accounts facilitates access to Regional Accounts  The approximately 40 lenders we have identified as National Accounts purchase ~90% of loans sold by Regional Accounts  The two largest National Accounts dominate the market • ~47% of the correspondent originati

  10. Slide 10: Growing Customer Base

    9 Exhibit 99.1  We have made tremendous progress in our efforts to establish relationships with both regional and national accounts • We have master policies signed with 374 lenders as of February 2014  We expect to begin insuring loans in the correspondent channels of two very large national lend

  11. Slide 11: Portfolio Review as of December 31, 2013

    10 Exhibit 99.1 Portfolio Review as of December 31, 2013 70% 29% 1% >= 740 680 - 739 620 - 679 Primary Risk-In-Force by FICO Score Pool Total 81% 16% 3% >= 740 680 - 739 620 - 679 78% 20% 2% >= 740 680 - 739 620 - 679 1% 46% 41% 12% > 95% 90% - 95% 85% - 90% 80% - 85% <= 80% Primary Risk-In-Force by

  12. Slide 12: Fannie Mae Pool Transaction

    11 Exhibit 99.1  National MI entered into a risk sharing transaction with Fannie Mae for a pool of high quality loans • Full documentation, 764 credit score, 77% weighted average LTV loans • All loans were current and had no history of delinquency at the time of the transaction  Opportunistic tran

  13. Slide 13: Financial Results (NMI Holdings, Inc. – Consolidated)

    12 Exhibit 99.1 Financial Results (NMI Holdings, Inc. – Consolidated) Quarter Ended Year Ended (Dollars in Thousands, except per share amounts) Net premiums written 3,058$ 3,541$ Revenues Net premiums earned 1,612 2,095 Net investment income 1,472 4,808 Net realized investment gains 14 186 Loss from

  14. Slide 14: Solid Balance Sheet

    13 Exhibit 99.1 Solid Balance Sheet (NMI Holdings, Inc. – Consolidated) 47% 23% 16% 12% 2% Corporate debt U.S. government Asset-backed Cash and equivalents Municipals 15% 31% 54% AAA AA A Investment Portfolio as of December 31, 2013 Balance Sheet as of December 31, 2013 (Dollars in Thousands, except

  15. Slide 15: National MI (NMI Holdings, Inc.) Summary

    14 Exhibit 99.1  Private mortgage insurance company capitalized in 2012 with approximately $500 million • One of seven companies approved as an eligible mortgage insurer by Fannie Mae and Freddie Mac • Licensed in 50 out of 51 jurisdictions where the company applied for a certificate of authority 

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