NMI (US:NMIH) Globenewswire·2025-11-04 21:01Core Insights - NMI Holdings, Inc. reported a net income of $96.0 million, or $1.22 per diluted share, for Q3 2025, showing slight changes compared to Q2 2025 and Q3 2024 [1][4]. Financial Performance - Net premiums earned increased to $151.3 million in Q3 2025 from $149.1 million in Q2 2025 and $143.3 million in Q3 2024, reflecting a 2% quarter-over-quarter (Q/Q) growth and a 6% year-over-year (Y/Y) growth [3][4]. - Total revenue for Q3 2025 was $178.7 million, up from $173.8 million in Q2 2025 and $166.1 million in Q3 2024 [4]. - Adjusted net income was $95.7 million, slightly down from $96.5 million in Q2 2025 but up from $92.8 million in Q3 2024 [4][3]. - The company’s book value per share (excluding net unrealized gains and losses) rose to $33.32, a 4% increase from Q2 2025 and a 16% increase from Q3 2024 [4][3]. Insurance Metrics - Primary insurance-in-force reached $218.4 billion, up 2% Q/Q and 5% Y/Y [3][4]. - New insurance written (NIW) was $13.0 billion, a 4% increase from Q2 2025 and a 6% increase from Q3 2024 [3][4]. - The loss ratio for Q3 2025 was 12.3%, compared to 9.0% in Q2 2025 and 7.2% in Q3 2024, indicating an increase in claims relative to premiums earned [4][3]. - The expense ratio improved to 19.3% from 19.8% in Q2 2025 and 20.3% in Q3 2024 [4][3]. Operational Highlights - The company maintains a robust balance sheet with total shareholders' equity of $2.5 billion at the end of Q3 2025 [4]. - Annualized return on equity for the quarter was 15.6%, down from 16.2% in Q2 2025 and 17.5% in Q3 2024 [4][3]. - The company’s CEO emphasized the importance of their products and services in the current market, highlighting strong operating performance and growth in their insured portfolio [2].