---
schema_version: "secwatch.filing_event.v1"
accession: "0001547903-25-000092"
form_type: "8-K"
ticker: "NMIH"
cik: "0001547903"
company_name: "NMI Holdings, Inc."
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:40:24.590508+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NMIH Q2 net income $96.2M, EPS $1.21; loss ratio rises to 9.0%

## Summary
- Net income $96.2M ($1.21 diluted EPS) vs $102.6M Q1 and $92.1M prior-year Q2.
- Adjusted net income $96.5M ($1.22 adj. EPS); total revenue $173.8M, up 7% YoY.
- Loss ratio 9.0% vs 3.0% Q1 and 0.2% Q2 2024; claims $13.4M vs $0.3M year ago.
- Insurance-in-force $214.7B, +2% QoQ; book value ex-unrealized $32.08, +16% YoY.
- Expense ratio improved to 19.8% from 20.2% Q1; adj. ROE 16.3% vs 19.4% prior year.

## SEC filing metadata
- accession: 0001547903-25-000092
- form_type: 8-K
- ticker: NMIH
- cik: 0001547903
- company_name: NMI Holdings, Inc.
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547903/000154790325000092/0001547903-25-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547903/000154790325000092/nmih-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001547903-25-000092
- JSON: https://secwatch.observer/filing/0001547903-25-000092.json
- Plain text: https://secwatch.observer/filing/0001547903-25-000092.txt

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