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AI brief of an SEC Form 8-K · NMI Holdings (NMIH)

NMI Holdings Q2 net income rises to $96.2 million, or $1.21 per diluted share

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECJul 29, 2025, 4:09 PM ET
Accession number0001547903-25-000092

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 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.