NMI (US:NMIH) Globenewswire·2026-02-10 21:01Core Insights - NMI Holdings, Inc. reported a net income of $94.2 million for Q4 2025, a slight decrease from $96.0 million in Q3 2025 but an increase from $86.2 million in Q4 2024, with diluted earnings per share at $1.20 [1][5] - For the full year 2025, net income reached $388.9 million, up from $360.1 million in 2024, indicating strong annual growth [1][5] Financial Performance - The company achieved a return on equity of 16.2% in 2025, reflecting strong operational performance and a robust balance sheet [2] - Total revenue for Q4 2025 was $180.7 million, compared to $178.7 million in Q3 2025 and $166.5 million in Q4 2024, marking a year-over-year increase of 8.1% [5][24] - Net premiums earned were $152.5 million in Q4 2025, up 6% from $143.5 million in Q4 2024 [4][24] Insurance Metrics - Primary insurance-in-force at the end of Q4 2025 was $221.4 billion, a 5% increase from $210.2 billion in Q4 2024 [3][5] - New insurance written (NIW) for Q4 2025 was $14.2 billion, representing a 19% increase year-over-year [3][36] Expense and Claims Analysis - Insurance claims and claim expenses for Q4 2025 were $21.2 million, a 23% increase from $17.3 million in Q4 2024, resulting in a loss ratio of 13.9% [4][5] - Underwriting and operating expenses were $31.1 million, consistent with Q4 2024, leading to an expense ratio of 20.4% [5][6] Shareholder Value - Book value per share, excluding net unrealized gains and losses, increased to $34.58, up 16% from $29.80 in Q4 2024 [5][6] - Shareholders' equity at the end of Q4 2025 was $2.6 billion, reflecting a strong capital position [5][27]