NMI Holdings, Inc. (NASDAQ:NMIH), a $2.96 billion market cap company specializing in surety insurance, reported the outcomes of several key votes taken during its Annual Meeting of Stockholders on Thursday. According to InvestingPro data, the company maintains strong financial health with a "GREAT" overall score and impressive gross margins of ~81%. The event, which was held on May 8, 2025, saw a significant turnout with over 90% of the shares represented, ensuring a quorum.
The stockholders voted on several matters as outlined in the company’s proxy statement. The election of directors was a major agenda item, with all nominees receiving a majority of votes in their favor. The detailed results showed strong support for the board’s composition, with Bradley M. Shuster, Adam S. Pollitzer, Michael Embler, John C. Erickson, Priya Huskins, Lynn S. McCreary, Michael Montgomery, Regina L. Muehlhauser, and Steven L. Scheid elected to serve.
In addition to the board elections, stockholders approved the executive compensation package through an advisory vote. The results indicated shareholder satisfaction with the company’s executive pay structure, with a significant number of votes cast in support. This approval aligns with the company’s strong performance metrics, as InvestingPro data shows a return on equity of 17% and an attractive P/E ratio of 8.04.
The frequency of future advisory votes on executive compensation was also determined, with the majority opting for an annual review. This decision underscores the importance shareholders place on regularly assessing executive pay in relation to company performance.
Furthermore, the appointment of BDO USA, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by a substantial majority. This vote reaffirms the confidence shareholders have in BDO USA, LLP’s ability to audit the company’s financial statements.
The results of these votes are a reflection of shareholder sentiment and provide guidance for the company’s governance and executive compensation practices moving forward. The information reported here is based on the SEC filing by NMI Holdings, Inc. With a current ratio of 1.94 and four analysts recently revising earnings upward, InvestingPro analysis reveals additional insights about NMI Holdings’ financial strength. Subscribers can access the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, NMI Holdings reported a strong performance for the first quarter of 2025, with earnings per share (EPS) of $1.28, surpassing the forecast of $1.11. The company also achieved record revenue of $173.2 million, exceeding expectations of $146.62 million. These results reflect a 4% increase in revenue quarter-over-quarter and a 10.9% rise year-over-year. NMI Holdings generated $9.2 billion in new insurance volume, ending the quarter with $211.3 billion in primary insurance in force. The company’s net income for the quarter was $102.6 million, and it achieved a return on equity of 18.1%. Additionally, NMI Holdings maintained its forward guidance, with EPS forecasts for future quarters ranging from $1.16 to $1.19. The company’s strategic focus on product innovation and risk management has contributed to its strong market position.
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