NMI Holdings Posts Record Q2 Earnings as Loss Ratio Drops to 8.3%
NMIH sits 25% above its 52-week low of $34.84.
Summary
NMI Holdings reported record Q2 2026 net income of $105.8 million ($1.38/share) as its loss ratio improved to 8.3% and insurance-in-force grew to $227.1 billion.
Key Events · Earnings and Guidance · NMIH
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Record Net Income and EPS
Q2 2026 net income reached $105.8 million, or $1.38 per diluted share, up from $99.3 million ($1.28) in Q1 2026 and $96.2 million ($1.21) in Q2 2025.
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Loss Ratio Improves Sharply
Insurance claims and claim expenses fell to $13.1 million, driving the loss ratio down to 8.3% from 13.3% in Q1 2026, reflecting favorable credit experience.
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Insurance Portfolio Growth
Primary insurance-in-force rose to $227.1 billion, a 2% sequential increase, supported by $16.1 billion in new insurance written during the quarter.
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Book Value Expansion
Book value per share (excluding net unrealized investment losses) increased to $36.88, up 4% from Q1 2026 and 15% year-over-year, underscoring capital accretion.
Analysis · NMIH · Finance
NMI Holdings delivered its strongest quarter yet, with net income hitting $105.8 million and diluted EPS of $1.38 — both records. The loss ratio fell sharply to 8.3% from 13.3% last quarter, signaling improving credit trends in its insured portfolio. Insurance-in-force grew to $227.1 billion, and book value per share (excluding unrealized investment losses) climbed 4% sequentially to $36.88. With a 15.9% annualized return on equity and a robust capital position, the results reinforce the company's ability to generate consistent earnings and shareholder value even as it navigates a dynamic housing market.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1594 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NMIH was trading at $43.44 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $34.84 to $44.74. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.