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

NMI Holdings Q4 2025 net income rises to $94.2 million, up from $86.2 million a year earlier

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECFeb 10, 2026, 4:06 PM ET
Accession number0001547903-26-000004

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 February 10, 2026.

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.