NMI Holdings, Inc. (NMIH) Q1 2026 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call summary highlights strong financial performance with revenue and net income growth, improved loss ratio, and high ROE. Although there are potential risks acknowledged, no significant negative trends were discussed. The Q&A section did not reveal any concerning management responses. Given the market cap and positive financial metrics, a positive stock price movement of 2% to 8% is likely over the next two weeks.
Key Financial Performance
Revenue $132.5 million, up 12% year-over-year, driven by higher insurance-in-force and improved pricing.
Net Income $58.3 million, up 15% year-over-year, due to lower loss expenses and higher revenues.
Insurance-in-Force $175 billion, up 10% year-over-year, reflecting strong new insurance written and persistency.
Loss Ratio 6.5%, improved from 8.2% year-over-year, due to favorable credit performance.
Expense Ratio 21.3%, slightly up from 20.9% year-over-year, due to increased investments in technology and operations.
Return on Equity (ROE) 17.8%, up from 16.5% year-over-year, driven by higher profitability.
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Operating Highlights
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Risk or Challenges
Forward-looking statements: The company acknowledges that actual results could differ materially from expectations due to various factors, indicating potential risks in achieving projected outcomes.
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Guidance & Outlook
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Shareholder Return Plan
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Key Q&A
Q:Review of Unclear Management Responses
A:
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Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Adam Pollitzer
Aurora Swithenbank
Bank PLC
Barclays Bank
Bhatia BofA
BofA Securities
Bose George
Bradley Shuster
CEO Director
CFO Bose
Chairman Adam
Conference Instructions
Director Aurora
Division Hughes
Division Mihir
Division PM
Division Shane
Division Terry
EDT day
Executive VP
George Keefe
Hughes Truist
Inc Research
Mihir Bhatia
PLC Research
PM EDT
President CEO
Research Division
Securities Research
Shane JPMorgan
Terry Barclays
Treasury Bradley
NMIH Transcript
NMI Holdings, Inc. (NMIH) Q1 2026 Earnings Call Transcript
Positive4-30
The earnings call summary highlights strong financial performance with revenue and net income growth, improved loss ratio, and high ROE. Although there are potential risks acknowledged, no significant negative trends were discussed. The Q&A section did not reveal any concerning management responses. Given the market cap and positive financial metrics, a positive stock price movement of 2% to 8% is likely over the next two weeks.
NMI Holdings, Inc. (NMIH) Q4 2025 Earnings Call Transcript
Positive2-11
The earnings call highlights strong financial performance with record high revenue and EPS growth, alongside a robust shareholder return plan through significant share buybacks. The Q&A section provides confidence in stable premium yields and effective capital management. Despite some uncertainties in guidance, the overall sentiment is positive, supported by high-quality portfolio growth and efficient operations. Given the company's market cap, the stock is likely to experience a positive movement in the 2% to 8% range over the next two weeks.
NMI Holdings, Inc. (NMIH) Q3 2025 Earnings Call Transcript
Positive11-4
The company reported record high revenue and strong financial metrics, including a significant increase in net income and ROE. Despite some macroeconomic risks and a slight rise in defaults, the overall financial health is robust. The share repurchase program and strong reinsurance market add to the positive sentiment. The market cap suggests moderate sensitivity to news, leading to a likely positive stock movement of 2% to 8%.
NMI Holdings, Inc. (NMIH) Q2 2025 Earnings Call Transcript
Positive7-29
The earnings call reveals strong financial performance with record revenue and net income, a low expense ratio, and a declining default rate. The Q&A section supports this with management's confidence in handling market conditions and risk management. The consistent share repurchase program and improved book value per share further bolster shareholder returns. Despite some uncertainties in the housing market, management's proactive strategies and optimistic outlook suggest a positive stock price movement over the next two weeks.
NMIH Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
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Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
Is the transcript edited or altered in any way?
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
