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

NMI Holdings Q1 2026 net income $99.3 million, $1.28 per share, flat year over year

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECApr 30, 2026, 4:04 PM ET
Accession number0001547903-26-000027

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 April 30, 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.