GlobeNewswire Inc | Jul 1, 2021 08:00AM EDT

July 01, 2021

EMERYVILLE, Calif., July 01, 2021 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), has been named to theSan Francisco Business TimesMiddle Market 75 List of the fastest-growing mid-sized companies in theBay Area. National MI ranked 34 out of 75 companies on the list, which are headquartered inAlameda,Contra Costa,Marin,San FranciscoandSan Mateocounties.

The Middle Market 75 List is comprised of public and privately held companies with annual revenue between$25 millionand$1 billionfor 2018, 2019 and 2020. National MIs revenue increased from$275.03 million in 2018 to$433.28 millionin 2020, representing a revenue increase of 57.54 percent.

Its an honor to make theSan Francisco Business TimesMiddle Market 75 List, saidClaudia Merkle, CEO of National MI. Our success is reflected in the growth weve achieved over the past several years as we work to help more people achieve homeownership. In 2020 we helped over 250,000 borrowers become homeowners. Our achievements are due to the hard work and dedication of our employees.

In the methodology used by theSan Francisco Business Times,firms were ranked by weighted scores that took into account the percent change in revenue between 2018 and 2020 and the actual value difference in revenue during the same time period.

In 2020, we expanded our customer franchise, delivered record NIW volume, grew our high-quality insured portfolio and balance sheet and delivered significant profitability, all while adjusting to the impact of COVID throughout the year, Merkle said.

About National MINational Mortgage Insurance Corporation(National MI), a subsidiary ofNMI Holdings, Inc.(NASDAQ: NMIH), is aU.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visitwww.nationalmi.com.

Press ContactMary McGarityStrategic Vantage Mortgage Public Relations(203) 513-2721MaryMcGarity@StrategicVantage.com

Investor ContactJohn M. SwensonVice President, Investor Relations andTreasuryjohn.swenson@nationalmi.com(510) 788-8417

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/39ea5378-7d4b-41b7-8239-0108507783c2