NMI Holdings Q1 net income rises 15% to $102.6 million, EPS $1.28
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.