Nmi Holdings Inc : Glenn Farrell to step down as chief financial officer of Nmi Holdings Inc. As of may 2017; adam pollitzer named to succeed farrell as next CFO .NMI HOLDINGS -as of May 2, 2017 Farrell will step down as CFO but will remain executive vice president and chief accounting officer until his retirement.
NMI Holdings Inc : NMI Holdings, Inc. Reports second quarter net income of $2 million, enters into reinsurance treaty to support growth . Q2 earnings per share $0.03 . Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S . Q2 revenue $29.6 million . Entered into a quota share reinsurance agreement with a panel of third-party reinsurance providers . Reaffirming guidance for pre-tax income of at least $60 million in 2017 . Expects Fannie Mae,Freddie Mac will allow full credit under private mortgage insurer eligibility requirements for risk ceded under deal . Now expect to report pre-tax income of $7 to $10 million for full year 2016 .Premiums earned for quarter were $26.0 million, up 31% from $19.8 million in prior quarter.