NMI Holdings Q2 revenue beats estimates

NMI Holdings

29/07/2025 21:11

Overview

NMI Holdings Q2 revenue beats analyst expectations, adjusted EPS also exceeds estimates

Adjusted net income for Q2 beats analyst expectations

Primary insurance-in-force grows 5% yr/yr, indicating continued expansion

Outlook

Company well-positioned for differentiated growth and returns

NMI Holdings expects to deliver value for shareholders

Result Drivers

INSURANCE-IN-FORCE GROWTH - Primary insurance-in-force increased to $214.7 bln, up from $211.3 bln in the previous qtr and $203.5 bln yr-ago

CLAIMS IMPACT - Insurance claims and claim expenses rose to $13.4 mln, significantly impacting loss ratio, which increased to 9.0% from 3.0% in the previous qtr

REVENUE INCREASE - Total revenue rose to $173.8 mln, driven by growth in net premiums earned and investment income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$173.80 mln
$147.90 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$1.22
$1.2 (8 Analysts)
Q2 EPS
$1.21
Q2 Adjusted Net Income
Beat
$96.50 mln
$95.60 mln (6 Analysts)
Q2 Net Income
$96.20 mln
Q2 Operating Expenses
$29.50 mln
Q2 ROE
16.2%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "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 $42.50, about 11% above its July 28 closing price of $37.81

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX7FsHXX

(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.)