NMI Holdings Reports Steady Q2 2025 Results

NMI Holdings Inc ( (NMIH) ) has released its Q2 earnings. Here is a breakdown of the information NMI Holdings Inc presented to its investors.

NMI Holdings, Inc., operating under the National Mortgage Insurance Corporation brand, is a private mortgage insurance company in the U.S. that aids low down payment borrowers in achieving homeownership while safeguarding lenders and investors against borrower defaults.

In its second quarter of 2025 financial results, NMI Holdings reported a net income of $96.2 million, or $1.21 per diluted share, reflecting a slight decrease from the previous quarter’s $102.6 million. The company’s primary insurance-in-force grew to $214.7 billion, and total revenue increased to $173.8 million, indicating a stable performance amidst a challenging market environment.

Key financial highlights include net premiums earned of $149.1 million and a total revenue of $173.8 million, both showing slight improvements from the previous year. However, insurance claims and claim expenses rose significantly to $13.4 million, resulting in a loss ratio of 9.0%. The company’s book value per share, excluding net unrealized gains and losses, increased by 16% year-over-year to $32.08, demonstrating strong shareholder value growth.

Despite the increase in claims expenses, NMI Holdings maintained a robust balance sheet with shareholders’ equity of $2.4 billion and an annualized return on equity of 16.2%. The company continues to focus on its high-quality insured portfolio and risk transfer solutions to drive future growth and returns.

Looking ahead, NMI Holdings is well-positioned to continue delivering differentiated growth and value for shareholders, supported by its strong customer franchise and talented team. The management remains optimistic about leveraging its platform’s earnings power to navigate future market conditions effectively.