Education
About Us
Working with TipRanks
Follow Us
NMI Holdings (NMIH)
NASDAQ:NMIH
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.24Last Year’s EPS
1.28Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record achievements — revenue, insured in force, policies outstanding, full-year net income and EPS growth, improved book value, strong reinsurance deals, and disciplined capital returns — while acknowledging manageable portfolio seasoning effects: a modest decline in persistency, a sequential rise in defaults and claims tied to growth and seasonality, and macro/consumer risks to monitor. Management presented these headwinds as expected or contained within its risk framework and reinforced strong capital and reinsurance positions that mitigate downside risk.Company Guidance
Record Revenue and Strong Full-Year Financial Performance
Total revenue reached a record $180.7M in Q4 and $706.4M for full-year 2025, up ~9% year-over-year. GAAP net income for 2025 was a record $388.9M, up 8% versus 2024, with full-year diluted EPS of $4.92, up 11% year-over-year, and a full-year return on equity of 16.2%.
Robust New Insurance Written (NIW) and Portfolio Growth
Generated $14.2B of NIW in Q4 and $49B for full-year 2025. Primary insurance in force ended the year at a record $221.4B, up 1.4% sequentially and 5.4% year-over-year, with over 680,000 policies outstanding.
Improved Book Value and Capital Position
Book value per share was $33.98 and book value per share excluding unrealized investment gains/losses was $34.58, up 4% sequentially and 16% year-over-year. At year-end, available PMIERs assets were $3.5B vs $2.1B of risk-based required assets, leaving $1.4B of excess available assets.
Successful Capital & Reinsurance Execution
Secured a series of quota share and excess-of-loss reinsurance treaties including forward-flow coverage through 2028 at an estimated 4% pretax cost of capital; management described these as among the best in cost, capacity, duration, and structure.
Record Premiums Earned and Yield Stability
Net premiums earned were a record $152.5M in Q4 (up ~6.3% YoY). Net yield held at 28 bps and core yield (ex-reinsurance & cancellation contributions) remained steady at 34 bps quarter-over-quarter.
Share Repurchase Execution
Repurchased $31M of common stock in Q4 (811,000 shares at an average $37.72). Since 2022, repurchases total $349M (12.1M shares) with $226M of repurchase capacity remaining; management expects a pacing assumption of roughly $25M per quarter but will opportunistically accelerate.
Expense Discipline and Operating Efficiency
Underwriting and operating expenses were $31.1M in Q4 (same absolute dollars as 2024), producing an expense ratio of 20.4%, inside the company's 20–25% target range and described as best-in-class versus peers.
Investment Income Growth
Investment income increased to $27.5M in Q4, up from $22.7M in 2024 (~21% increase), providing an additional driver of revenue growth.
Customer & Distribution Momentum
Activated 90 new lenders in 2025 and ended the year with over 1,700 active accounts, reflecting ongoing customer development and market traction.
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 |
|---|---|---|---|
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% |
Apr 29, 2025 | $33.64 | $36.17 | +7.52% |
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 May 05, 2026, After Close (Confirmed).
What is NMI Holdings (NMIH) earnings time?
NMI Holdings (NMIH) earnings time is at May 05, 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 (Q1) is 1.24.