NMI Holdings Reports Q2 2026 Earnings with Strong Financial Performance
NMI Holdings (NMIH) reported strong financial results for the second quarter of 2026, including a record Insurance in Force (IIF) level of $227.1 billion and total revenue of $187.9 million, up both sequentially and year-over-year. Adjusted net income rose to $106 million with adjusted diluted EPS at $1.38, reflecting 8% growth from the first quarter and 14% compared to last year's second quarter. The company maintained a Return on Equity of 15.9%, supported by earnings power and expense discipline. Management highlighted continued operational efficiency as evidenced by an improved Expense Ratio of 19.4%. The default rate remained stable at 1.16%, while claims expenses decreased from the first quarter to $13.1 million. NMIH also repurchased shares totaling $31.4 million during Q2, retiring over 800,000 shares under its buyback program.
Tickers: $NMIH