NMI Holdings (NMIH)
NASDAQ:NMIH
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.29Last Year’s EPS
1.22Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:Apr 30, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasized strong operating and financial performance — record revenue, robust NIW ($12.3B), record insurance-in-force ($222.3B), solid adjusted net income ($99.4M) and disciplined capital management including buybacks and meaningful PMIERs excess. These positives were balanced against emerging normalization in credit metrics: higher defaults and a modest increase in reserves per default driven by larger loan sizes and post‑COVID vintages, a small dip in persistency, and macro risks (rate volatility and geopolitical uncertainty) that could temper refinance volumes and future credit trends. On balance, management presented the quarter as a continuation of outperformance while signaling prudent risk management as normalization unfolds.Company Guidance
Record Top Line and Revenue Growth
Total revenue was a record $183.5 million in Q1 2026, up 2% sequentially and up 6% year-over-year.
Strong Profitability and Returns
Adjusted net income was $99.4 million, or $1.28 per diluted share, with an adjusted return on equity of 15.2%; GAAP net income was $99.3 million.
Robust New Insurance Written (NIW)
Generated $12.3 billion of NIW in Q1 2026 (management noted ~33% year-over-year growth in NIW).
Record Insurance-in-Force
Primary insurance-in-force ended the period at a record $222.3 billion of high-quality, primary insurance-in-force.
Net Premiums and Yield Stability
Net premiums earned were a record $154.8 million (up from $152.5M in Q4); net yield was 28 basis points and core yield (ex-reinsurance & cancellation) was 34 basis points, both unchanged from Q4.
Investment Income and Expense Efficiency
Investment income increased to $28.6 million (from $27.5M in Q4 and $23.7M YoY). Underwriting and operating expenses were $30.6 million versus $31.1 million in Q4, with an expense ratio improving to 19.8% from 20.4%.
Capital Strength and Shareholder Returns
Shareholders' equity was $2.6 billion; book value per share $34.57 (book value ex-unrealized gains/losses $35.46, up 3% QoQ and 15% YoY). Repurchased $27.7 million of stock in Q1 (716k shares) and have $198 million of buyback capacity remaining.
Regulatory and Balance Sheet Cushion
Reported $3.6 billion of available assets under PMIERs vs $2.2 billion of risk-based required assets, leaving approximately $1.5 billion of excess available assets.
Reserve Discipline and Stability
Reserve per new notice was $14,200 in the quarter, broadly consistent with the ~$14,500 established in the prior quarter; management emphasized modeling defaults individually and maintaining disciplined reinsurance and pricing decisions.
NMIH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NMIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $38.71 | $37.21 | -3.87% |
Feb 10, 2026 | $40.19 | $40.92 | +1.82% |
Nov 04, 2025 | $37.52 | $36.83 | -1.84% |
Jul 29, 2025 | $37.96 | $37.37 | -1.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NMI Holdings (NMIH) report earnings?
NMI Holdings (NMIH) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is NMI Holdings (NMIH) earnings time?
NMI Holdings (NMIH) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NMIH EPS forecast?
NMIH EPS forecast for the fiscal quarter 2026 (Q2) is 1.29.