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    Nate Rickman

    Vice President and Equity Research Analyst at Bank of America

    Nate Rickman is a Vice President and Equity Research Analyst at Bank of America, specializing in the coverage of industrial companies such as Caterpillar, Deere & Company, and United Rentals. Rickman has delivered actionable investment insights, with a noted success rate in analyst rankings and consistent positive returns tracked by platforms including TipRanks. He began his financial career at J.P. Morgan as an associate before joining Bank of America in 2018, where he advanced through research roles focused on US machinery and equipment sectors. Professionally licensed, Rickman holds securities credentials such as the FINRA Series 7 and Series 63.

    Nate Rickman's questions to NMI Holdings (NMIH) leadership

    Nate Rickman's questions to NMI Holdings (NMIH) leadership • Q3 2024

    Question

    An analyst on behalf of Nate Rickman asked about the outlook for operating expenses, given the expense ratio is trending at the low end of the long-term range, and also inquired about intra-quarter persistency changes due to rate movements.

    Answer

    CFO Aurora Swithenbank stated that the company is managing the business with discipline and expects only natural expense growth from inflation, with no major near-term investments planned that would fundamentally alter the expense ratio. President and CEO Adam Pollitzer added that on persistency, it remains well above historical trends but will likely moderate from recent peaks, and the brief intra-quarter rate volatility was too short to have a meaningful impact.

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