secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001547903-26-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NMI Holdings Q4 net income $94.2M ($1.20 EPS); FY 2025 record results, insurance-in-force up 5%
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- Q4 net income $94.2M ($1.20 diluted EPS) vs $86.2M ($1.07) in Q4 2024; adjusted EPS $1.20.
- Full-year 2025 net income $388.9M ($4.92 EPS) vs $360.1M ($4.43) in 2024; record annual results.
- Primary insurance-in-force $221.4B (+5% YoY); new insurance written $14.2B (+19% YoY).
- Q4 loss ratio 13.9% (vs 12.0% YoY); expense ratio 20.4% (vs 21.7% YoY); underwriting expenses flat.
- Book value per share ex-unrealized gains $34.58 (+16% YoY); annualized ROE 14.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000154790326000004/0001547903-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000154790326000004/nmih-20260210.htm
  HTML page:      https://secwatch.observer/filing/0001547903-26-000004

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