NMI Holdings, Inc. Q1 2026 Financial Results

NMI Holdings, Inc. reported strong financial results for the first quarter of 2026, with net income of $99.3 million, or $1.28 per diluted share. This compares to $94.2 million, or $1.20 per diluted share, in the fourth quarter of 2025 and $102.6 million, or $1.28 per diluted share, in the first quarter of 2025. The company experienced growth in its insured portfolio, with primary insurance-in-force reaching $222.3 billion. Net premiums earned were $154.8 million, and total revenue was $183.5 million. The loss ratio improved to 13.3%, and the expense ratio was 19.8%. Shareholders' equity stood at $2.6 billion, with book value per share at $34.57. The company highlighted its strong customer base, effective risk management, and robust balance sheet as key strengths. Looking ahead, NMI Holdings expressed confidence in its position to continue delivering growth and shareholder value.