The 2Q 2024 NIW market is tracking levels similar to 2023. Market share among the six insurers has moved closer to parity compared to previous quarters. As fears of economic softening rise, more focus is beginning to be seen on reserving, delinquency, and cure metric trends.
Since 2018, Milliman has been tracking the Private Mortgage Insurer (PMI) New Insurance Written (NIW) landscape and Insurance In Force (IIF) performance to keep our finger on the pulse of the market. The linked publication provides information and context regarding trends and differences amongst the PMIs’ businesses for 2Q 2024.
The full 2Q 2024 report provides 20+ pages of figures and commentary covering:
- Summary of NIW
- Summary of IIF
- Volume/persistency
- Performance
- Summary of capital markets ILN issuances
- Appendix: Additional excerpts from earnings calls
- Claim rate assumptions
The data used to compile this report includes publicly available PMIs’ disclosures (Earnings Releases, Financial Supplements, and 10-K/Qs) as well as additional aggregated industry data extracted from Milliman’s M-PIRe platform.