NMI Holdings Q3 revenue rises 18%, beats analyst estimates

NMI Holdings

05/11/2026 21:11

Overview
US mortgage insurer's Q3 revenue rose and beat analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company repurchased $27.1 mln in shares during the quarter

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

Result Drivers
HIGHER CLAIMS - Co reported a sharp increase in insurance claims and claim expenses, raising the loss ratio compared to prior quarters
LOWER NEW BUSINESS - New insurance written fell 15% from the prior quarter
INVESTMENT INCOME - Net investment income increased 6% from the prior quarter and 20% from a year ago

Company press release: ID:nGNX4nbJFH

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$187.60 mln
$159.80 mln (5 Analysts)
Q3 Adjusted EPS
Miss
$1.23
$1.31 (8 Analysts)
Q3 EPS
 
$1.23
 
Q3 Adjusted Net Income
Miss
$93.70 mln
$100.31 mln (5 Analysts)
Q3 Net Income
 
$93.50 mln
 
Q3 Operating Expenses
 
$30.80 mln
 
Q3 ROE
 
13.80%
 

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 $46.00, about 4.6% above its November 4 closing price of $43.96
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Nov 4 - MGIC Investment Q3 net income falls year-over-year
Nov 4 - Radian Group Q3 revenue beats expectations
Nov 4 - Enact Holdings Q3 revenue misses expectations on lower refinance activity, reinsurance impact

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)