---
schema_version: "secwatch.filing_event.v1"
accession: "0001547903-26-000027"
form_type: "8-K"
ticker: "NMIH"
cik: "0001547903"
company_name: "NMI Holdings, Inc."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:47:17.035556+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NMI Holdings Q1 net income $99.3M, EPS $1.28 flat YoY; revenue up 6% to $183.5M

## Summary
- Net income $99.3M, diluted EPS $1.28 flat YoY; adjusted net income $99.4M, adjusted EPS $1.28.
- Total revenue $183.5M (+6% YoY); net premiums earned $154.8M (+4% YoY).
- Loss ratio 13.3% vs 3.0% YoY; claims expense $20.7M vs $4.5M YoY, up 361%.
- Primary insurance-in-force $222.3B (+5% YoY); NIW $12.3B (+33% YoY).
- Book value per share ex-U&L $35.46, up 15% YoY; annualized ROE 15.2% vs 18.1% YoY.

## SEC filing metadata
- accession: 0001547903-26-000027
- form_type: 8-K
- ticker: NMIH
- cik: 0001547903
- company_name: NMI Holdings, Inc.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547903/000154790326000027/0001547903-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547903/000154790326000027/nmih-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001547903-26-000027
- JSON: https://secwatch.observer/filing/0001547903-26-000027.json
- Plain text: https://secwatch.observer/filing/0001547903-26-000027.txt

## Key facts
- Earnings Releases
  NMI Holdings, Inc. reported the first quarter ended March 31, 2026 results: revenue $183.5 million, net income $99.3 million, EPS $1.28 per diluted share.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $183.5 million
  - Net income: $99.3 million
  - EPS: $1.28 per diluted share
  - Result: reported results
  source text: Selected first quarter 2026 highlights include: • Primary insurance-in-force at quarter end was $222.3 billion, compared to $221.4 billion at the end of the fourth quarter and $211.3 billion at the end of the first quarter of 2025. • Net premiums earned were $154.8 million, compared to $152.5 million in the fourth quarter and $149.4 million in the first quarter of 2025. • Total revenue was $183.5 million, compared to $180.7 million in the fourth quarter and $173.2 million in the first quarter of 2025. • Insurance claims and claim expenses were $20.7 million, compared to $21.2 million in the fourth quarter and $4.5 million in the first quarter of 2025. Loss ratio was 13.3%, compared to 13.9% in the fourth quarter and 3.0% in the first quarter of 2025. • Underwriting and operating expenses were $30.6 million, compared to $31.1 million in the fourth quarter and $30.2 million in the first quarter of 2025. Expense ratio was 19.8%, compared to 20.4% in the fourth quarter and 20.2% in the fir
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547903/000154790326000027/0001547903-26-000027-index.htm

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