NMI Holdings reports record Q2 net income of $105.8M, diluted EPS $1.38, up 14% YoY

NMI Holdings, Inc.

Net income $105.8M ($1.38 diluted EPS) vs $96.2M ($1.21) in Q2 2025, up 10% and 14% respectively.
Primary insurance-in-force $227.1B, up 6% YoY; new insurance written $16.1B, up 29% YoY.
Loss ratio improved to 8.3% from 9.0% YoY and 13.3% QoQ; expense ratio 19.4%.
Book value per share ex unrealized gains $36.88, up 15% YoY; annualized adjusted ROE 15.9%.
Total revenue $187.9M, up 8% YoY; net premiums earned $157.5M, up 6% YoY.

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