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Jun 30
NMI Holdings Q2 2025 Earnings Report
NMI Holdings, Inc. reported strong operating performance and continued growth in its insured portfolio for the second quarter of 2025.
Key Takeaways
NMI Holdings, Inc. delivered strong financial results in Q2 2025, with net income of $96.2 million and diluted EPS of $1.21. The company saw continued growth in its primary insurance-in-force, reaching $214.7 billion, and maintained a robust balance sheet.
Net income for Q2 2025 was $96.2 million, with diluted EPS of $1.21.
Primary insurance-in-force grew to $214.7 billion at quarter-end, up 5% year-over-year.
Total revenue for the quarter was $173.8 million, an increase from $162.1 million in Q2 2024.
The company maintained a strong balance sheet with shareholders' equity of $2.4 billion and available assets of $3.2 billion.
NMI Holdings
NMI Holdings
NMI Holdings Revenue by Segment
NMI Holdings Revenue by Geographic Location
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comNet Realized Investment Losses Revenue
CapyFin.comOther Revenues Revenue
CapyFin.comRevenue by Geographic Location
California Revenue
CapyFin.comTexas Revenue
CapyFin.comFlorida Revenue
CapyFin.comGeorgia Revenue
CapyFin.comIllinois Revenue
CapyFin.comWashington Revenue
CapyFin.comVirginia Revenue
CapyFin.comPennsylvania Revenue
CapyFin.comOhio Revenue
CapyFin.comNorth Carolina Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward-looking financial guidance in this report. However, the CEO expressed confidence in the company's position to continue delivering differentiated growth, returns, and value for shareholders.
Positive Outlook
- Strong customer franchise.
- Talented team driving the company forward.
- Exceptionally high-quality book covered by comprehensive risk transfer solutions.
- Robust balance sheet supported by significant earnings power.
- Well-positioned to continue delivering differentiated growth, returns, and value for shareholders.
Challenges Ahead
- Changes in general economic, market, and political conditions and policies (e.g., interest rates, inflation).
- Changes in GSEs' charters, business practices, policies, pricing, or priorities.
- Ability to remain an eligible mortgage insurer under PMIERs and other GSE requirements.
- Actions of existing competitors and potential market entry by new competitors.
- Adoption of new or changes to existing laws, rules, and regulations impacting the business.