NMI Holdings, Inc. (NASDAQ:NMIH) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET

Company Participants

John Swenson - VP, IR and Treasury

Adam Pollitzer - President and CEO

Brad Shuster - Executive Chairman

Ravi Mallela - CFO

Julie Norberg - Chief Accounting Officer

Conference Call Participants

Mark Devries - Barclays

John Kilichowski - Credit Suisse

Rick Shane - JPMorgan

Bose George - KBW

Mark Hughes - Truist

Ryan Gilbert - BTIG

Bill Dezellem - Tieton Capital

Geoffrey Dunn - Dowling Partners

Operator

Good day, and welcome to the NMI Holdings, Inc. Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.

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

John Swenson

Thank you, operator, good afternoon, and welcome to the 2022 second quarter conference call for National MI. I'm 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 Julie Norberg, our Chief Accounting Officer.

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 refer to certain non-GAAP measures. In today's press release, and on our website, we have 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.

We had a terrific second quarter with strong operating performance, significant growth in our insured portfolio, and record financial results. During today's call, as we always do, we'll share with you the details behind our numbers in the implications for the periods ahead. I'd like to focus, however, on the macroeconomic environment.