国会大厦投资V

2021年8月13日

由布拉德·芬克尔斯坦2021年8月13日,下午3:14。美国东部时间3分钟阅读现在注册新公共Doma控股管理提升了其前景基于其第二季度业绩,公司的底线仍在红色。第二季度净亏损2330万美元,比第一季度亏损1180万美元,上年同期为亏损630万美元。业务的损失从830万美元增长至1860万美元和500万美元在同一时间框架。但Doma,原名州冠军,推动了2021年的前景两个非一般公认会计准则的测量——保留费用和费用,并根据调整后的总利润增长其开放和关闭订单数量与去年同期相比。保留费用和费用季度总计6480万美元,高于前一年的数字是4440万美元,而调整后的总利润2950万美元,超过去年同期的2260万美元。季度期间,《婚姻保护法》增加了17个新的客户企业渠道,包括富国银行(Wells Fargo)和它有额外的业务从现有客户喜欢追逐,Homepoint和彭尼CEO Max Simkoff在其财报电话会议。季度结束后,《婚姻保护法》宣布球道独立的抵押贷款已经成为一个企业渠道客户。“其中一些钱包份额由Doma扩大到四个州,提起我们的地理足迹覆盖75%以上的美国抵押贷款市场,“Simkoff说。“我们的当地部门去年同期增长很大程度上是因为我们的交易组合的一个重要转变向购买交易。”Doma’s second quarter total of open orders, 41,491, was close to the first quarter's 41,000 but well above the 30,432 one year prior. The four largest title underwriters all reported fewer open orders on a quarter-to-quarter basis. But Doma’s market share still remains well behind the larger players; Stewart, the smallest of the four family underwriters, had 143,301 open orders in the second quarter. Closed orders ended the quarter at 31,436, down from 33,000 in the first quarter and up from 21,885 for the second quarter of 2020. Net premiums written totaled $109.3 million in the second quarter, up from $108 million in the first quarter and $86.3 million during the second quarter of 2020. "All of our growth in 2021 so far, as well as the continued growth we expect for the remainder of the year, is driven by a self-funded plan that does not yet reflect any benefit in the $350 million of new proceeds we just raised when we entered the public markets on July 28," Simkoff said. "These proceeds will allow us to expand the scope of our ambition, and to accelerate the pace of our execution to deliver upside beyond the self-funded plan we previously outlined." Between the proceeds from the merger with special purpose acquisition company Capitol Investment V and the related public investment in private equity funding, Doma raised $350 million in new capital. The company is in the process of finalizing a plan to use some of those proceeds to build deeper functionality in its decisioning technology across every aspect of the mortgage closing process using new proprietary data sources, Simkoff said. The 519% year-over-year growth in closed orders and 343% increase in open orders from the enterprise business only gave Doma "an added confidence in our ability to meaningfully exceed our operational retain premium and fees forecast," said Noaman Ahmad, chief financial officer. "Close order growth in our local channel was 4%, and while this was muted when compared to the growth in our Doma enterprise channel, we saw favorable mix trends with purchase close orders growing 48% year-over-year," Ahmad added. That drove a 10% increase in average direct retained premiums and fees in the local channel, which works with smaller lenders and real estate agents. Adjusted EBITDA decreased by almost $10 million from the prior year to a loss of $11.9 million, as Doma invested in customer acquisition and corporate support staffing initiatives as part of becoming a public company, Ahmad said. "Because financial results exceeded our original plans for the first half of 2021 and because of our recent strong open order momentum, which is a leading indicator of retained premium fees, we are today raising our full year outlook," Ahmad said. "We now expect to generate between $250 and $260 million of retained premium and fees, and between $95 and $105 million of adjusted gross profit for full year 2021." During the going public process, Doma forecast $226 million of retained premium fees and $89 million of adjusted gross profit for this year.