National Mortgage Ins Corp
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (6.6) despite operating losses during 2020. Return on equity has been fair, averaging 6.9% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (99.6%), cash (0.3%), other (0.1%)
Corporate Info
Group Affiliation
NMI Holdings Inc
Investment Rating
Company Address
2100 Powell Street
Emeryville, CA 94608
Emeryville, CA 94608
Phone Number
(855) 873-2584
NAIC Number
13695
Website
Largest Affiliates