NASDAQ$NMIH

NMI Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

NMI Holdings reported Q1 2025 revenue of $173.2M, net income of $102.6M, diluted EPS of $1.28.

For Q1 2025, NMI Holdings reported Revenue was $173.2M, net income was $102.6M, diluted EPS was $1.28. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $173.2M for Q1 2025.
  • Net income $102.6M.
  • Diluted EPS $1.28.

Headline financials

Total Revenue

$173M

Previous: $156M+10.9%
EPS (adj)

$1.28

Previous: $1.08+18.5%
Primary Insurance-in-Force

$211B

Previous: $199B+6.0%
New Insurance Written - NIW

$9.22B

Previous: $9.4B-1.9%
Insurance Claims and Claim Expenses

$4.48M

Previous: $3.69M+21.2%
Shareholders' equity

$2.32B

Previous: $2.22B+4.7%
Loss Ratio

3.0%

Previous: 2.7%+11.1%
Expense Ratio

20.2%

Previous: 21.8%-7.3%
Combined Ratio

23.2%

Previous: 24.5%-5.3%
Annualized Return on Equity

18.1%

Previous: 18.2%-0.5%
Book Value per Share

$29.65

Previous: $24.56+20.7%
Book Value per Share (excl. unrealized gains/losses)

$30.85

Previous: $26.42+16.8%
PMIERs Available Assets

$3.23B

Previous: $2.82B+14.5%
Net Risk-Based Required Assets

$1.87B

Previous: $1.56B+19.6%
Monthly NIW

$9.05B

Previous: $9.18B-1.4%
Single NIW

$172M

Previous: $223M-22.9%
Capital Expenditures

-$1.71M

Previous: -$2.19M+22.0%
Net Income

$103M

Previous: $89.1M+15.2%
Operating Income

$131M

Previous: $123M+7.0%

Revenue & EPS history

NMI Holdings · Revenue · Quarterly

$173M

Q1 2025+10.9%vs Q1 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

NMI Holdings · $148M total across 3 segments · Q3 2023

  • Net premiums earned
    $130M
  • Net investment income
    $17.9M
  • Other revenues
    $217K

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.8%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+2.8%

Avg return

30 days after

50%

25 / 50 earnings

Positive

+15.5%

Q1 2016

Best reaction

-9.4%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-1.2%-7.3%
Q4 2025+1.8%-1.3%-7.2%
Q3 2025-1.7%+0.1%+0.1%
Q1 2025+7.5%+11.4%+18.1%
Q4 2024-4.8%-9.4%-8.7%
Q3 2024-0.8%+1.1%+4.6%
Q2 2024-0.1%-4.3%+2.6%
Q1 2024+1.7%+4.4%+5.6%
Q4 2023+0.0%-2.4%+0.8%
Q3 2023+2.2%+5.6%+1.1%
Q2 2023+6.3%+11.2%+7.2%
Q1 2023-0.8%+1.6%+8.6%
Q4 2022+1.4%+2.8%-6.2%
Q3 2022-0.4%-0.8%-3.8%
Q2 2022+7.3%+9.5%+6.0%
Q1 2022-2.6%-7.6%-2.6%
Q4 2021+2.9%-4.2%-17.5%
Q3 2021-9.4%-10.0%-19.7%
Q2 2021-2.1%+3.2%+3.1%
Q1 2021-3.8%-8.3%-8.5%
Q4 2020+1.7%+4.5%+11.3%
Q3 2020-3.5%+3.0%+3.0%
Q2 2020+1.0%+8.9%+16.8%
Q1 2020+12.1%+7.3%+41.6%
Q4 2019-9.4%-13.3%-42.7%
Q3 2019+9.0%+10.5%+13.9%
Q2 2019+0.8%-0.8%+12.0%
Q1 2019+0.0%+0.2%-2.9%
Q4 2018+0.1%+7.4%+17.0%
Q3 2018+14.5%+10.0%+6.1%
Q2 2018+6.9%+1.4%+3.3%
Q1 2018+12.6%+19.1%+20.2%
Q4 2017+7.6%+8.1%-16.8%
Q3 2017+13.4%+11.3%+17.9%
Q2 2017+0.0%+1.7%-8.1%
Q1 2017-4.7%-6.0%-7.7%
Q4 2016-1.7%-3.5%+2.6%
Q3 2016+7.2%+7.2%+14.4%
Q2 2016+10.7%+13.5%+29.8%
Q1 2016+15.5%
Q4 2015-0.2%
Q3 2015-1.4%
Q2 2015+5.0%
Q1 2015-1.1%
Q4 2014-8.6%
Q3 2014+3.2%
Q2 2014-0.4%
Q1 2014-1.0%
Q4 2013-1.3%
Q3 2013-0.3%
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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