NMI Holdings Posts Record Q2 Net Income of $105.8M as Loss Ratio Improves to 8.3%
NMIH sits 25% above its 52-week low of $34.84.
Summary
NMI Holdings posted record Q2 2026 net income of $105.8 million ($1.38/share) as premiums and investment income grew and the loss ratio improved. The company continued aggressive share buybacks, repurchasing 1.5 million shares.
Key Events · Earnings and Guidance · NMIH
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Record Q2 Net Income
Driven by higher premiums and investment income, net income reached $105.8 million, or $1.38 per diluted share, up 10% from $96.2 million a year ago.
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Loss Ratio Improvement
The loss ratio improved to 8.3% from 9.0% in Q2 2025, reflecting favorable prior-year reserve development and disciplined underwriting.
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Premium and Investment Income Growth
Net premiums earned rose 6% to $157.5 million on a larger insured portfolio, while net investment income surged 22% to $30.3 million on higher yields and a growing asset base.
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Aggressive Share Repurchases
During the quarter, the company bought back 1.5 million shares at an average price of $38.29, reducing diluted share count by 3% year-over-year and boosting EPS.
Analysis · NMIH · Finance
A record quarterly net income of $105.8 million, or $1.38 per diluted share, underscores NMI Holdings' strengthening profitability. The loss ratio improved to 8.3% from 9.0% a year ago, while premiums earned grew 6% on higher insurance-in-force and investment income jumped 22% on a larger, higher-yielding portfolio. During the quarter, the company also repurchased 1.5 million shares, reducing the share count and boosting per-share earnings. The results confirm strong underwriting profitability and capital returns, though claims expenses are rising as the portfolio seasons.
At the time of this filing, NMIH was trading at $43.49 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.