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NMI Holdings (NMIH) reported first-quarter 2025 operating net income per share of $1.28, which beat the Zacks Consensus Estimate by 16.4%. The bottom line increased 18.5% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The quarterly results reflected higher premiums driven by a high-quality insured portfolio and net investment income but lower persistency.Operational UpdateNMI Holdings’ total operating revenues of $173.3 million increased 10.9% year over year on high ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported record total revenue of $173.2 million, up 4% from Q4 2024 and 10.9% from Q1 2024 [12][13] - GAAP net income reached a record $102.6 million, representing a 19% increase compared to Q4 2024 and a 15% increase compared to Q1 2024 [15] - Diluted earnings per share (EPS) was $1.28, up 20% from Q4 2024 and 18% from Q1 2024 [15] - Return on equity (ROE) was 18.1% for the quarter [12] Business Line Data and Key Metrics Changes - The company generated $9.2 billion in new insurance written (NIW) volume, maintaining a record primary insurance in force of $211.3 billion, which is a 1% increase from Q4 2024 and a 6% increase from Q1 2024 [5][12] - Net premiums earned were a record $149.4 million, compared to $143.5 million in Q4 2024 and $136.7 million in Q1 2024 [13] Market Data and Key Metrics Changes - The company's 12-month persistency rate was 84.3% in Q1 2025, slightly down from 84.6% in Q4 2024 [12] - The average loan-to-value (LTV) ratio for the defaulted population was 73.2% [25] Company Strategy and Development Direction - The company emphasized its commitment to providing low-cost, high-value solutions to make homeownership more accessible, while also ensuring the safety of the conventional mortgage market [8][10] - The management highlighted the importance of maintaining a disciplined approach to risk management and pricing, which has positioned the company well to navigate various market cycles [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance despite macroeconomic uncertainties, noting that the disciplined management approach will support continued growth and profitability [9][10] - The company is well-positioned to serve customers and invest in employee success, aiming for sustained growth in its high-quality insured portfolio [10][18] Other Important Information - The company extended its long-term IT engagement with Tata Consultancy Services, which is expected to maintain current operating expenses [11][27] Q&A Session Summary Question: Credit performance and vintage stability - Management indicated that recent vintages are performing well, with no significant concerns, although there is a normalization trend expected as the underlying borrower experience stabilizes [21][22] Question: Equity in defaults - The average mark-to-market equity on the defaulted population is 73.2% [25] Question: Impact of TCS renewal on OpEx - The renewal is expected to keep operating expenses stable, with no significant changes anticipated [27][28] Question: Pricing and credit loss expectations amid tariff uncertainties - Management noted that while they are monitoring macroeconomic factors, there are currently no significant changes to pricing or credit loss expectations [31] Question: Provision for new notices in Q1 - The reserve for new notices was $13.5 million, consistent with the previous quarter [32][34] Question: Buyback during the quarter - The company repurchased $25.9 million worth of common stock, retiring 718,000 shares [40]

For the quarter ended March 2025, NMI Holdings (NMIH) reported revenue of $173.25 million, up 10.9% over the same period last year. EPS came in at $1.28, compared to $1.08 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $170.29 million, representing a surprise of +1.74%. The company delivered an EPS surprise of +16.36%, with the consensus EPS estimate being $1.10.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

NMI Holdings (NMIH) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.36%. A quarter ago, it was expected that this mortgage insurance company would post earnings of $1.11 per share when it actually produced earnings of $1.07, delivering a surprise of -3.60%.Over the last four quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 2100 Powell St ...

NMI (NMIH) Q1 2025 Earnings Call April 29, 2025 05:00 PM ET Company Participants John Swenson - Vice President of Investor Relations & TreasuryBradley Shuster - Executive ChairmanAdam Pollitzer - President and Chief Executive OfficerAurora Swithenbank - Executive VP & CFOBose George - Managing Director Conference Call Participants Mihir Bhatia - Equity Research AnalystRichard Shane - Analyst Operator Good day, and welcome to the NMI Holdings, Inc. First Quarter twenty twenty five Earnings Conference Call. P ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE NMI Holdings, Inc. Reports Record First Quarter 2025 Financial Results EXHIBIT 99.1 | | | | | Quarter Ended Quarter Ended Quarter Ended | | | (1) Change | | Change | (1) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 3/31/2025 | | 12/31/2024 | | 3/31/2024 | Q/Q | | Y/Y | | | INSURANCE METRICS ($billions) | | | | | | | | | | | | Primary Insurance-in-Force | $ | 211.3 | $ | 210.2 | $ | 199.4 | | 1 % | 6 % | | | New Insurance Written - NIW | | 9.2 ...

Core Viewpoint - NMI Holdings, Inc. reported strong financial performance for Q1 2025, with net income of $102.6 million, reflecting a year-over-year increase of 15% compared to Q1 2024 and a quarter-over-quarter increase of 19% compared to Q4 2024 [1][6]. Financial Highlights - Net income for Q1 2025 was $102.6 million, or $1.28 per diluted share, compared to $86.2 million ($1.07 per diluted share) in Q4 2024 and $89.0 million ($1.08 per diluted share) in Q1 2024 [1][4]. - Adjusted net income for the quarter was $102.5 million, maintaining the same diluted EPS of $1.28, compared to $86.1 million ($1.07 per diluted share) in Q4 2024 and $89.0 million ($1.08 per diluted share) in Q1 2024 [1][4]. - Total revenue for Q1 2025 was $173.2 million, up from $166.5 million in Q4 2024 and $156.3 million in Q1 2024 [6][27]. - Net premiums earned increased to $149.4 million in Q1 2025 from $143.5 million in Q4 2024 and $136.7 million in Q1 2024, representing a 4% quarter-over-quarter and 9% year-over-year growth [4][6]. Insurance Metrics - Primary insurance-in-force at the end of Q1 2025 was $211.3 billion, a slight increase from $210.2 billion in Q4 2024 and a 6% increase from $199.4 billion in Q1 2024 [3][6]. - New insurance written (NIW) for Q1 2025 was $9.2 billion, down 23% from $11.9 billion in Q4 2024 and down 2% from $9.4 billion in Q1 2024 [3][6]. Operational Efficiency - The loss ratio for Q1 2025 was 3.0%, significantly improved from 12.0% in Q4 2024 and slightly higher than 2.7% in Q1 2024 [4][6]. - The expense ratio decreased to 20.2% in Q1 2025 from 21.7% in Q4 2024 and 21.8% in Q1 2024, indicating improved operational efficiency [4][6]. Shareholder Value - Book value per share (excluding net unrealized gains and losses) increased to $30.85 in Q1 2025, up 4% from $29.80 in Q4 2024 and up 17% from $26.42 in Q1 2024 [4][6]. - Annualized return on equity for Q1 2025 was 18.1%, compared to 15.6% in Q4 2024 and 18.2% in Q1 2024, reflecting strong profitability [6][27].

Core Viewpoint - NMI Holdings, Inc. will report its first quarter results for the period ending March 31, 2025, on April 29, 2025, after market close [1]. Company Information - NMI Holdings, Inc. is the parent company of National Mortgage Insurance Corporation, a private mortgage insurance company in the U.S. that supports low-down-payment borrowers and protects lenders and investors from losses due to borrower defaults [3]. Conference Call Details - The company will host a conference call and live webcast on April 29, 2025, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, accessible via the company's website [2]. - Participants can join the call by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally, referencing NMI Holdings, Inc. [2].