secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001547903-25-000092
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000154790325000092/0001547903-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000154790325000092/nmih-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001547903-25-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer