NMI Holdings Reports Record Insurance-in-Force and Revenue Growth for Q3 2026
NMI Holdings (NMIH) reported its third-quarter 2026 financial results, highlighted by a record primary insurance-in-force of $229.7 billion, representing a 5% year-over-year increase. Total revenue rose 5% to $187.6 million, bolstered by higher investment income and premiums. Adjusted diluted earnings per share (EPS) reached $1.23, slightly up from $1.21 in the same period last year. Despite top-line growth, the company faced some headwinds including a rise in loss ratio to 18.7% from 12.3% a year ago and an increase in claims expense due to seasonal activity and portfolio seasoning. Management noted that while new insurance written grew 4% year-over-year, it saw a 15% sequential decline from Q2 2026. The company remains defensive against macroeconomic risks through proactive pricing and reinsurance strategies.
Tickers: $NMIH