---
schema_version: "secwatch.filing_event.v1"
accession: "0001547903-25-000059"
form_type: "8-K"
ticker: "NMIH"
cik: "0001547903"
company_name: "NMI Holdings, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:47:14.333123+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NMI Holdings posts record Q1 2025 net income $102.6M, diluted EPS $1.28

## Summary
- Net income of $102.6M ($1.28 diluted EPS) vs $89.0M ($1.08) in Q1 2024, up 15% and 18% respectively.
- Total revenue $173.2M, net premiums earned $149.4M, both up 9% YoY.
- Loss ratio improved to 3.0% from 12.0% in prior quarter; expense ratio 20.2% vs 21.7%.
- Primary insurance-in-force $211.3B (+6% YoY); book value per share (ex-unrealized) $30.85 (+17% YoY).

## SEC filing metadata
- accession: 0001547903-25-000059
- form_type: 8-K
- ticker: NMIH
- cik: 0001547903
- company_name: NMI Holdings, Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547903/000154790325000059/0001547903-25-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547903/000154790325000059/nmih-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001547903-25-000059
- JSON: https://secwatch.observer/filing/0001547903-25-000059.json
- Plain text: https://secwatch.observer/filing/0001547903-25-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.