NMI Holdings Q2 revenue and adjusted EPS beat estimates as primary insurance-in-force increases

NMI Holdings

30/07/2026 21:16

Overview
U.S. mortgage insurer's Q2 revenue rose yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Adjusted net income for Q2 also beat analyst expectations

Outlook
NMI Holdings did not provide specific financial guidance for the current or future periods

Result Drivers
PORTFOLIO GROWTH - Primary insurance-in-force and new insurance written increased, supporting revenue and earnings growth
LOWER CLAIMS - Insurance claims and claim expenses declined from the previous quarter, reducing the loss ratio
HIGHER INVESTMENT INCOME - Net investment income rose year-over-year, contributing to earnings

Company press release: ID:nGNX88NtYr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$187.90 mln
$156.35 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$1.38
$1.28 (7 Analysts)
Q2 EPS
 
$1.38
 
Q2 Adjusted Net Income
Beat
$106 mln
$98.97 mln (6 Analysts)
Q2 Net Income
 
$105.80 mln
 
Q2 Operating Expenses
 
$30.50 mln
 
Q2 ROE
 
15.90%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for NMI Holdings Inc is $46.00, about 3.7% above its July 29 closing price of $44.34
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
July 29 - MGIC Investment Q2 profit falls on higher incurred losses
July 29 - PennyMac Mortgage Investment Trust Q2 net investment income rises amid portfolio shift
July 28 - Redwood Trust Q2 net loss narrows sequentially, mortgage banking production doubles y/y

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)