Earnings summaries and quarterly performance for NMI Holdings.
Executive leadership at NMI Holdings.
Adam Pollitzer
Detailed
President and Chief Executive Officer
CEO
AS
Aurora Swithenbank
Detailed
Chief Financial Officer
BS
Bradley Shuster
Detailed
Executive Chairman
MY
Mohammed Yousaf
Detailed
Chief of Operations and Technology
NF
Norman Fitzgerald
Detailed
Chief Sales Officer
RS
Robert Smith
Detailed
Chief Risk Officer
WL
William Leatherberry
Detailed
Chief Administrative Officer, General Counsel & Secretary
Board of directors at NMI Holdings.
Research analysts who have asked questions during NMI Holdings earnings calls.
Bose George
Keefe, Bruyette & Woods
6 questions for NMIH
Also covers: ACT, AGM, AGNC +25 more
RS
Richard Shane
JPMorgan Chase & Co.
4 questions for NMIH
Also covers: ABR, ACRE, ACT +21 more
TM
Terry Ma
Barclays
4 questions for NMIH
Also covers: AER, AL, AXP +16 more
DH
Douglas Harter
UBS
3 questions for NMIH
Also covers: ACRE, ACT, AGNC +43 more
MH
Mark Hughes
Truist Securities
3 questions for NMIH
Also covers: AIZ, AJG, AMBC +42 more
MB
Mihir Bhatia
Bank of America
2 questions for NMIH
Also covers: ACT, AFRM, AXP +13 more
RS
Rick Shane
JPMorgan Chase & Co.
2 questions for NMIH
Also covers: ABR, ACRE, ACT +19 more
GD
Geoffrey Dunn
Dowling & Partners
1 question for NMIH
Also covers: AGO, ESNT, FAF +3 more
MH
Mark Hughes
Truist
1 question for NMIH
Also covers: AIZ, ECPG, EIG +3 more
MF
Maxwell Fritscher
Truist Financial Corporation
1 question for NMIH
Also covers: BXSL, EQH, FSK +10 more
NR
Nate Rickman
Bank of America
1 question for NMIH
Recent press releases and 8-K filings for NMIH.
NMI Holdings Reports Record Q4 and Full-Year 2025 Financial Results
NMIH
Earnings
Share Buyback
Guidance Update
- NMI Holdings (NMIH) reported record full-year 2025 net income of $388.9 million, an 8% increase from 2024, and record diluted EPS of $4.92, an 11% increase from 2024.
- The company ended 2025 with a record $221.4 billion of primary insurance in force and generated $49 billion of NIW volume for the year.
- In Q4 2025, NMI Holdings repurchased $31 million of common stock, retiring 811,000 shares, and has $226 million of repurchase capacity remaining under its existing authorization.
- New reinsurance treaties were secured, providing forward flow coverage for new business through 2028 at an estimated 4% pre-tax cost of capital, and the company expects its core premium yield to remain generally stable.
Feb 10, 2026, 10:00 PM
NMI Holdings Reports Record Full-Year 2025 Financial Results and Strong Q4 Performance
NMIH
Earnings
Share Buyback
Guidance Update
- NMI Holdings reported record full-year 2025 net income of $388.9 million (up 8% from 2024) and diluted EPS of $4.92 (up 11% from 2024), achieving a 16.2% return on equity.
- For Q4 2025, the company delivered $180.7 million in total revenue, $94.2 million in GAAP net income, and $1.20 in diluted EPS.
- The company ended 2025 with a record $221.4 billion of primary insurance in force and generated $49 billion of total NIW volume for the year.
- NMIH repurchased $31 million of common stock in Q4 2025 and anticipates a buyback pace of approximately $25 million per quarter for 2026.
- New reinsurance treaties provide forward flow coverage through 2028 at an estimated 4% pre-tax cost of capital, and the core premium yield is expected to remain generally stable in 2026.
Feb 10, 2026, 10:00 PM
NMI Holdings Reports Record Q4 and Full-Year 2025 Results
NMIH
Earnings
Share Buyback
Guidance Update
- NMI Holdings reported record financial results for Q4 and full-year 2025, with Q4 total revenue of $180.7 million and GAAP net income of $94.2 million, or $1.20 per diluted share. For the full year 2025, net income was $388.9 million (up 8% from 2024) and diluted EPS was $4.92 (up 11% from 2024), achieving a 16.2% return on equity.
- The company ended 2025 with a record $221.4 billion of primary insurance in force and generated $49 billion of total NIW volume for the year.
- In Q4 2025, NMI Holdings repurchased $31 million of common stock, retiring 811,000 shares, and has $226 million of repurchase capacity remaining under its existing authorization. Management indicated that ~$25 million per quarter is a good assumption for future buybacks.
- New quota share and excess loss reinsurance treaties were secured, extending forward flow coverage for new business through 2028 at an estimated 4% pre-tax cost of capital, enhancing its credit risk management.
Feb 10, 2026, 10:00 PM
NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
NMIH
Earnings
Revenue Acceleration/Inflection
- NMI Holdings, Inc. reported net income of $94.2 million and diluted EPS of $1.20 for the fourth quarter ended December 31, 2025.
- For the full year ended December 31, 2025, the company achieved net income of $388.9 million and diluted EPS of $4.92.
- Primary insurance-in-force reached $221.4 billion at the end of Q4 2025, an increase from $218.4 billion at the end of the third quarter and $210.2 billion at the end of the fourth quarter of 2024.
- Total revenue for Q4 2025 was $180.7 million, compared to $178.7 million in the third quarter and $166.5 million in the fourth quarter of 2024.
- Book value per share excluding net unrealized gains and losses was $34.58 at quarter-end, representing a 16% increase compared to $29.80 in the fourth quarter of 2024.
Feb 10, 2026, 9:06 PM
NMI Launches Business Capital Offering
NMIH
Product Launch
New Projects/Investments
- NMI has launched NMI Business Capital, a new embedded lending solution that provides fast, pre-approved merchant financing.
- This solution enables NMI partners to offer financing directly within their existing merchant portals, allowing them to earn additional revenue without taking on lending risk or extra workload.
- Merchants can receive pre-approved offers based on their sales history, with funds typically arriving within one to two business days. Payments are automated as a percentage of daily sales, featuring a transparent upfront fee with no compounding interest or hidden charges.
- The offering addresses the significant need for funding among small businesses, as 88% of small businesses in the U.S. report regular cash flow disruptions.
- NMI Business Capital is powered by Parafin, and all loans are issued by Celtic Bank.
Dec 9, 2025, 2:00 PM
NMIH Reports Strong Q3 2025 Financial Results with Record Revenue and Insurance in Force
NMIH
Earnings
Share Buyback
Revenue Acceleration/Inflection
- NMIH reported strong Q3 2025 financial results, including record total revenue of $178.7 million, GAAP net income of $96 million, and $1.22 diluted EPS.
- The company generated $13 billion in new insurance written (NIW) volume, contributing to a record $218.4 billion of primary insurance in force.
- NMIH achieved a record low expense ratio of 19.3% and repurchased $24.6 million of common stock during the quarter, with $256 million of repurchase capacity remaining under its existing program.
- Management highlighted the resilience of the macro environment and housing market, while noting a robust reinsurance market and stable credit performance with a default rate of 1.05%.
Nov 4, 2025, 10:00 PM
NMI Holdings, Inc. Reports Third Quarter 2025 Financial Results
NMIH
Earnings
- NMI Holdings, Inc. reported net income of $96.0 million and diluted earnings per share of $1.22 for the third quarter ended September 30, 2025.
- Total revenue for Q3 2025 was $178.7 million, an increase from $173.8 million in the second quarter of 2025 and $166.1 million in the third quarter of 2024.
- The company's primary insurance-in-force reached $218.4 billion at the end of Q3 2025, up from $214.7 billion at the end of Q2 2025 and $207.5 billion at the end of Q3 2024.
- The loss ratio for Q3 2025 was 12.3%, compared to 9.0% in Q2 2025 and 7.2% in Q3 2024.
- Book value per share, excluding the impact of net unrealized gains and losses, was $33.32 at quarter-end, marking a 4% increase from $32.08 in Q2 2025 and a 16% increase from $28.71 in Q3 2024.
Nov 4, 2025, 9:07 PM
Quarterly earnings call transcripts for NMI Holdings.
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