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

NMI Holdings Q3 2025 net income rises to $96.0 million, or $1.22 per diluted share

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECNov 4, 2025, 4:07 PM ET
Accession number0001547903-25-000101

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 November 04, 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.