NMI Holdings Reports Record Financial Results for Q2 2026
NMI Holdings, Inc. reported record financial results in its second-quarter earnings call on July 31, 2026, with adjusted net income reaching $106 million. The performance was driven by consistent growth in the insured portfolio and disciplined expense management. Total insurance written surpassed $500 billion, reflecting a long-term strategy of differentiated service and a strong customer base across over 1,700 lenders. The company attributed its success to favorable macroeconomic conditions, including record-high national house prices that increased demand for down payment support while improving credit performance. Management maintained proactive pricing strategies to protect the balance sheet from potential risks despite overall market stability. Operational efficiency improved with an expense ratio of 19.4%, supported by disciplined cost control and strong earnings power. Looking ahead, NMI Holdings expects its 'embedded growth engine' to continue driving outperformance as new business production remains higher than industry averages. However, default populations are expected to rise in the second half due to seasonal factors. The company also plans to prioritize share repurchases with $167 million remaining capacity and maintain a robust capital position of $1.6 billion under PMIERs.
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