NMI Holdings, Inc. (NASDAQ:NMIH) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ET

Company Participants

John Swenson – Vice President-Investor Relations

Brad Shuster – Executive Chairman

Adam Pollitzer – President and Chief Executive Officer

Ravi Mallela – Chief Financial Officer

Nick Realmuto – Controller

Conference Call Participants

Arren Cyganovich – Citi

Rick Shane – JP Morgan

Mark Hughes – Truist

Bose George – KBW

Geoffrey Dunn – Dowling & Partners

Eric Hagen – BTIG

Operator

Good day. And welcome to the NMI Holdings Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to, John Swenson. Please go ahead.

John Swenson

Thank you. Good afternoon and welcome to the 2023 first quarter conference call for National MI.

I am John Swenson, Vice President of Investor Relations and Treasury. Joining us on the call today are Brad Shuster, Executive Chairman; Adam Pollitzer, President and Chief Executive Officer; Ravi Mallela, Chief Financial Officer; and Nick Realmuto, our Controller.

Financial results for the quarter were released after the close today. The press release may be accessed on NMI's website located at nationalmi.com under the Investors tab.

During the course of this call, we may make comments about our expectations for the future. Actual results could differ materially from those contained in these forward-looking statements. Additional information about the factors that could cause actual results or trends to differ materially from those discussed on the call can be found on our website or through our regulatory filings with the SEC.

If and to the extent the company makes forward-looking statements, we do not undertake any obligation to update those statements in the future in light of subsequent developments. Further, no one should rely on the fact that the guidance of such statements is current at any time other than the time of this call. Also note that on this call, we may refer to certain non-GAAP measures. In today's press release and on our website, we provided a reconciliation of these measures to the most comparable measures under GAAP.

Now, I'll turn the call over to Brad.

Brad Shuster

Thank you, John. And good afternoon everyone. I’m pleased to report that in the first quarter National MI again delivered strong operating performance, continued growth in our insured portfolio and stand out financial results. And has started the year with tremendous momentum.