From GlobeNewswire: 2025-04-29 16:01:00

NMI Holdings, Inc. reported a net income of $102.6 million for the first quarter of 2025, with adjusted net income at $102.5 million. Primary insurance-in-force reached $211.3 billion, with net premiums earned at $149.4 million. The loss ratio was 3.0%, down from 12.0% in the previous quarter. Shareholders’ equity was $2.3 billion.

President and CEO Adam Pollitzer highlighted the company’s strong performance, growth in insured portfolio, and record financial results. National MI continues to focus on through-the-cycle performance, serving customers, supporting the team, and delivering long-term value. The company’s primary insurance-in-force grew to $211.3 billion by the end of the quarter.

The company’s total revenue for the first quarter was $173.2 million, with net income reaching $102.6 million. Underwriting and operating expenses were $30.2 million, with an expense ratio of 20.2%. Shareholders’ equity stood at $2.3 billion, with a book value per share of $29.65. The annualized return on equity for the quarter was 18.1%.

NMI Holdings, Inc., the parent company of National Mortgage Insurance Corporation, is a U.S.-based private mortgage insurance company. The company enables low down payment borrowers to achieve homeownership while protecting lenders and investors against losses from borrower defaults. NMIH is listed on the NASDAQ stock exchange. The company’s financial performance is strong, with a focus on delivering value to shareholders.

The company’s primary insurance-in-force reached $211.3 billion by the end of the first quarter of 2025. Net premiums earned were $149.4 million, with total revenue at $173.2 million. The loss ratio improved to 3.0%, down from 12.0% in the previous quarter. Shareholders’ equity was $2.3 billion, with a book value per share of $29.65.

NMI Holdings, Inc. will hold a conference call and webcast on April 29, 2025, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company’s website in the “Investor Relations” section. Investors can access the call by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally, referencing NMI Holdings, Inc.



Read more at GlobeNewswire:: NMI Holdings, Inc. Reports Record First Quarter 2025