Every material Form 8-K NMI Holdings has filed with the SEC since November 01, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NMI Holdings reported third-quarter 2026 net income of $93.5 million, or $1.23 per diluted share, for the quarter ended September 30, 2026. That was down from $105.8 million, or $1.38 per share, in the second quarter, but up slightly from $1.22 per share in the third quarter of 2025, while total revenue of $187.6 million was roughly flat sequentially and up from $178.7 million a year earlier.
Diluted EPS was $1.23 versus $1.38 in Q2 2026 and $1.22 in Q3 2025; adjusted diluted EPS was $1.23.
Insurance claims and claim expenses were $29.1 million, with a loss ratio of 18.7% versus 8.3% in Q2 2026 and 12.3% in Q3 2025.
Book value per share excluding unrealized gains and losses was $38.13, up 14% from $33.32 a year earlier.
The company repurchased 626,383 shares for $27.1 million in the quarter and has bought back $435 million since the program began.
NMI Holdings reported net income of $105.8 million, or $1.38 per diluted share, for the quarter ended June 30, 2026, up from $96.2 million, or $1.21 per diluted share, a year earlier and $99.3 million, or $1.28, in the first quarter of 2026. Earnings improved on both comparisons, and the loss ratio fell to 8.3% from 13.3% in the first quarter.
Net income of $105.8 million and diluted EPS of $1.38, compared with $96.2 million and $1.21 in Q2 2025.
Loss ratio of 8.3%, compared with 13.3% in Q1 2026 and 9.0% in Q2 2025.
Primary insurance-in-force of $227.1 billion at June 30, 2026, up from $214.7 billion a year earlier.
Book value per share excluding net unrealized gains and losses was $36.88, up from $32.08 a year earlier.
NMI Holdings reported first-quarter 2026 net income of $99.3 million, or $1.28 per diluted share, matching the $1.28 reported for the same quarter of 2025. Total revenue rose to $183.5 million from $173.2 million a year earlier, but net income was down from $102.6 million and the loss ratio rose to 13.3% from 3.0%, so the results show mixed signals for shareholders.
Net income $99.3 million versus $102.6 million in Q1 2025; diluted EPS $1.28 in both periods
Total revenue $183.5 million versus $173.2 million in Q1 2025
Loss ratio 13.3% versus 3.0% in Q1 2025; insurance claims and claim expenses $20.7 million versus $4.5 million
Primary insurance-in-force $222.3 billion at March 31, 2026, versus $211.3 billion a year earlier
NMI Holdings, Inc. expanded its Board to ten members and appointed Renu Agrawal as an independent director effective February 12, 2026. She was assigned to the Audit Committee and Risk Committee, and the filing describes a standard non-employee director compensation package for her board service.
Effective date: February 12, 2026; Board expanded to ten members
Ms. Agrawal assigned to the Audit Committee and Risk Committee
Annual cash retainer of $120,000 for 2026, prorated, plus an annual equity retainer of $170,000 in RSUs and an additional RSU grant with a grant-date fair value of $170,000
Board Chairman Bradley Shuster said her executive and board experience will be valuable to the Board
NMI Holdings reported fourth-quarter 2025 net income of $94.2 million, or $1.20 per diluted share, up from $86.2 million, or $1.07 per share, a year earlier but slightly below the $96.0 million, or $1.22 per share, in the third quarter. For the full year 2025, net income was $388.9 million, or $4.92 per diluted share, compared with $360.1 million, or $4.43 per share, in 2024.
Q4 2025 total revenue was $180.7 million, up from $166.5 million a year earlier and $178.7 million in Q3 2025.
Q4 2025 loss ratio was 13.9%, up from 12.0% a year earlier and 12.3% in Q3 2025.
Book value per share excluding net unrealized gains and losses was $34.58 at December 31, 2025, up from $29.80 a year earlier.
Full-year 2025 diluted EPS was $4.92, compared with $4.43 for 2024.
NMI Holdings reported third quarter 2025 net income of $96.0 million, or $1.22 per diluted share, up from $92.8 million, or $1.15 per diluted share, a year earlier. Total revenue rose to $178.7 million from $166.1 million, and primary insurance-in-force reached $218.4 billion. Adjusted diluted EPS of $1.21 was slightly below the $1.22 reported in the second quarter, and the loss ratio increased to 12.3% from 7.2% a year earlier.
Net income of $96.0 million and diluted EPS of $1.22, compared with $92.8 million and $1.15 in Q3 2024
Total revenue of $178.7 million, compared with $166.1 million in Q3 2024
Adjusted diluted EPS of $1.21, compared with $1.22 in Q2 2025
Loss ratio of 12.3%, compared with 7.2% in Q3 2024; book value per share excluding unrealized gains and losses was $33.32
NMI Holdings reported second-quarter 2025 net income of $96.2 million, or $1.21 per diluted share, up from $92.1 million, or $1.13 per share, a year earlier, and total revenue of $173.8 million, up from $162.1 million. Results were lower than the first quarter of 2025, when net income was $102.6 million, or $1.28 per diluted share, and insurance claims rose to $13.4 million from $4.5 million.
Q2 2025 net income was $96.2 million, or $1.21 per diluted share, compared with $92.1 million, or $1.13, in Q2 2024 and $102.6 million, or $1.28, in Q1 2025.
Adjusted diluted EPS was $1.22, compared with $1.20 in Q2 2024 and $1.28 in Q1 2025.
Total revenue was $173.8 million, compared with $162.1 million in Q2 2024 and $173.2 million in Q1 2025.
Loss ratio was 9.0%, compared with 0.2% in Q2 2024 and 3.0% in Q1 2025; book value per share excluding unrealized gains and losses was $32.08 at June 30, 2025.
NMI Holdings reported first-quarter 2025 net income of $102.6 million, or $1.28 per diluted share, up from $89.0 million, or $1.08 per diluted share, a year earlier. Total revenue rose to $173.2 million from $156.3 million, and book value per share excluding net unrealized gains and losses reached $30.85. The results, furnished in a press release under Item 2.02, show higher earnings per share for shareholders compared with the prior-year quarter.
Net income of $102.6 million, or $1.28 per diluted share, versus $89.0 million, or $1.08, in the first quarter of 2024.
Total revenue of $173.2 million, compared with $156.3 million in the first quarter of 2024.
Loss ratio of 3.0%, compared with 2.7% a year earlier; expense ratio of 20.2%, compared with 21.8%.
Book value per share excluding net unrealized gains and losses was $30.85, up 17% from $26.42 a year earlier.
NMI Holdings reported fourth-quarter 2024 net income of $86.2 million, or $1.07 per diluted share, up from $83.4 million and $1.01 a year earlier but down from $92.8 million and $1.15 in the third quarter. Full-year 2024 net income rose to $360.1 million, or $4.43 per diluted share, from $322.1 million, or $3.84, in 2023, and the board authorized an additional $250 million share repurchase through December 31, 2027.
Q4 2024 net income $86.2 million, $1.07 per diluted share, vs. $83.4 million, $1.01 in Q4 2023 and $92.8 million, $1.15 in Q3 2024
Full-year 2024 net income $360.1 million, $4.43 per diluted share, vs. $322.1 million, $3.84 in 2023; adjusted diluted EPS $4.50
Q4 2024 loss ratio 12.0%, up from 6.2% a year earlier and 7.2% in Q3 2024; total revenue $166.5 million
Board authorized an additional $250 million share repurchase plan effective through December 31, 2027
NMI Holdings reported third-quarter 2024 net income of $92.8 million, or $1.15 per diluted share, up from $84.0 million, or $1.00 per share, a year earlier. Total revenue rose to $166.1 million from $148.2 million, and primary insurance-in-force reached $207.5 billion. The company also said it entered new quota share and excess-of-loss reinsurance agreements covering new business written from January 1, 2025 through December 31, 2027.
Q3 2024 net income $92.8 million, up 11% from $84.0 million in Q3 2023 and up 1% from $92.1 million in Q2 2024
Diluted EPS $1.15, versus $1.00 a year earlier and $1.13 in Q2 2024
Adjusted net income $92.8 million, down 5% from $97.6 million in Q2 2024
New reinsurance agreements cover new business originated between January 1, 2025 and December 31, 2027
NMI Holdings reported record second-quarter 2024 results on July 30, 2024, with net income of $92.1 million, or $1.13 per diluted share, up from $80.3 million, or $0.95 per share, a year earlier. Adjusted diluted EPS was $1.20, excluding non-recurring capital markets transaction costs tied to a second-quarter debt refinancing, and primary insurance-in-force reached $203.5 billion.
Q2 2024 net income was $92.1 million, up 15% from $80.3 million in Q2 2023 and up 3% from $89.0 million in Q1 2024.
Diluted EPS was $1.13, up from $0.95 a year earlier; adjusted diluted EPS was $1.20, excluding $7.0 million of capital markets transaction costs.
Total revenue was $162.1 million, compared with $142.7 million in Q2 2023.
Shareholders' equity was $2.0 billion at June 30, 2024, and book value per share was $25.65.
NMI Holdings closed a registered offering of $425 million of 6.000% senior notes due August 15, 2029, with net proceeds of about $414.3 million. The company plans to use the proceeds to redeem its 7.375% senior secured notes due 2025 and for general corporate purposes, and it also terminated its 2021 revolving credit facility and entered a new credit agreement on the same date. For shareholders, this is a refinancing of existing debt that adds new long-term borrowings.
Closed $425 million of 6.000% senior notes due August 15, 2029, with net proceeds of about $414.3 million
Proceeds intended to satisfy and redeem the 7.375% senior secured notes due 2025, with redemption set for May 22, 2024
Interest payable semi-annually on February 15 and August 15, beginning February 15, 2025
2021 Revolving Credit Facility terminated on May 21, 2024; new revolving credit facility with Royal Bank of Canada as administrative agent
NMI Holdings reported first-quarter 2024 net income of $89.0 million, or $1.08 per diluted share, up from $74.5 million, or $0.88 per share, a year earlier, and described the quarter as a record. Total revenue rose to $156.3 million from $136.8 million, and the loss ratio fell to 2.7% from 5.5%, which supports earnings for shareholders.
Net income was $89.0 million, up 7% from $83.4 million in the fourth quarter of 2023 and up 20% from $74.5 million in the first quarter of 2023.
Diluted EPS was $1.08, compared with $1.01 in the fourth quarter of 2023 and $0.88 in the first quarter of 2023.
Primary insurance-in-force was $199.4 billion at March 31, 2024, up from $186.7 billion a year earlier.
Book value per share was $24.56, and book value per share excluding net unrealized gains and losses was $26.42.
NMI Holdings, Inc. said Aurora Swithenbank, formerly CFO of Vantage Group Holdings Ltd., will become Executive Vice President and Chief Financial Officer effective May 1, 2024, succeeding Ravi Mallela, who is leaving the company on the same date in an involuntary termination without cause. The filing says his departure is not the result of any disagreement over financial disclosures, accounting, operations, policies or practices. The change is a senior executive transition that shareholders may watch for continuity in financial leadership.
Aurora Swithenbank becomes EVP and CFO effective May 1, 2024, with a base salary of $505,000 and a target bonus of 100% of base salary
Her one-time inducement equity award has a grant date value of $1,500,000 in restricted stock units
Ravi Mallela, CFO since 2022, leaves effective May 1, 2024; his separation severance payment is $252,500
The company said Mallela's departure involves no issues or disagreements relating to financial disclosures or accounting
NMI Holdings reported fourth-quarter 2023 net income of $83.4 million, or $1.01 per diluted share, up from $72.9 million, or $0.86, a year earlier. For the full year, net income was $322.1 million, or $3.84 per diluted share, compared with $292.9 million, or $3.39, in 2022. Results were slightly below the third quarter in net income terms, but per-share earnings were higher than in both the prior quarter and the prior year.
Q4 2023 net income was $83.4 million, or $1.01 per diluted share, versus $72.9 million, or $0.86, in Q4 2022 and $84.0 million, or $1.00, in Q3 2023.
Full-year 2023 net income was $322.1 million, or $3.84 per diluted share, versus $292.9 million, or $3.39, in 2022.
Primary insurance-in-force was $197.0 billion at December 31, 2023, up from $184.0 billion a year earlier.
Book value per share excluding net unrealized gains and losses was $25.54, up from $21.76 at December 31, 2022.
NMI Holdings, Inc. reported net income of $84.0 million, or $1.00 per diluted share, for the quarter ended September 30, 2023, up from $80.3 million ($0.95 per share) in the second quarter and $76.8 million ($0.90 per share) a year earlier. Total revenue rose to $148.2 million, and primary insurance-in-force reached $194.8 billion, which shows growth in both earnings and the insured portfolio for shareholders.
Net income $84.0 million, $1.00 diluted EPS, versus $80.3 million, $0.95 in Q2 2023 and $76.8 million, $0.90 in Q3 2022
Total revenue $148.2 million, versus $142.7 million in Q2 2023 and $130.6 million in Q3 2022
Primary insurance-in-force $194.8 billion at quarter end, versus $179.2 billion at September 30, 2022
Book value per share excluding net unrealized gains and losses $24.56, up 18% from $20.85 a year earlier
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