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NMI Holdings reports 4Q loss

EMERYVILLE, Calif. (AP) _ NMI Holdings Inc. (NMIH) on Thursday reported a fourth-quarter loss of $1.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Emeryville, California-based company said it had a loss of 3 cents. Earnings, adjusted for pretax expenses and non-recurring costs, were 22 cents per share.

The mortgage insurance company posted revenue of $54.5 million in the period.

For the year, the company reported profit of $22.1 million, or 35 cents per share. Revenue was reported as $182.7 million.

NMI Holdings shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.05, an increase of 65 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NMIH at https://www.zacks.com/ap/NMIH