NMI Holdings Q4 revenue beats estimates

NMI Holdings

10/02/2026 21:09

Overview

U.S. mortgage insurer's Q4 revenue rose, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Adjusted net income for Q4 slightly missed analyst estimates

Outlook

Company did not provide specific financial guidance for future quarters

Result Drivers

INSURED PORTFOLIO GROWTH - Co reported growth in insurance-in-force to $221.4 bln, up from $210.2 bln in Q4 2024, supporting revenue growth

REVENUE INCREASE - Total revenue rose to $180.7 mln from $166.5 mln in Q4 2024, driven by higher net premiums earned

CLAIMS EXPENSES - Insurance claims and claim expenses increased to $21.2 mln from $17.3 mln in Q4 2024, impacting the loss ratio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$180.70 mln
$159.80 mln (4 Analysts)
Q4 Adjusted EPS
Beat
$1.20
$1.19 (6 Analysts)
Q4 EPS
$1.20
Q4 Adjusted Net Income
Slight Miss*
$93.80 mln
$94.69 mln (6 Analysts)
Q4 Net Income
$94.20 mln
Q4 Operating Expenses
$31.10 mln
Q4 ROE
14.80%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $45.50, about 13.9% above its February 9 closing price of $39.94

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX7XSQxM

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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.)