Nmi holdings, inc. reports third quarter 2020 financial results

Emeryville, calif., nov. 05, 2020 (globe newswire) -- nmi holdings, inc. (nasdaq: nmih) today reported gaap net income of $38.2 million, or $0.45 per diluted share, for the third quarter ended september 30, 2020, which compares to $26.8 million, or $0.36 per diluted share, in the second quarter ended june 30, 2020 and $49.8 million, or $0.69 per diluted share, in the third quarter ended september 30, 2019. adjusted net income for the quarter was $40.4 million or $0.47 per diluted share, which compares to $29.7 million or $0.40 per diluted share in the second quarter ended june 30, 2020 and $49.9 million or $0.71 per diluted share in the third quarter ended september 30, 2019. the non-gaap financial measures adjusted net income, adjusted diluted earnings per share and adjusted return-on-equity are presented in this release to enhance the comparability of financial results between periods. see "use of non-gaap financial measures" and our reconciliation of such measures to their most comparable gaap measures, below.
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