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.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 29.6% of the 1509 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
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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.