NMI Holdings, Inc. Earnings Recaps
Q2 2026
Aug 1, 2026
Shares in National MI Holdings were essentially unchanged (-0.1%) following a quarter that delivered steady growth and record revenue, but showed slight persistency decline and stable yields, which neither clearly impressed nor disappointed investors.
Key takeaways
- New insurance in force (NIW) volume reached $16 billion, sustaining growth momentum.
- Primary insurance in force rose to a record $227.1 billion, reflecting portfolio expansion.
- Adjusted net income hit a record $106 million, with earnings per share of $1.38 and 15.9% return on equity.
- Net premiums earned increased to $157.5 million, up modestly quarter-over-quarter.
- 12-month persistency declined slightly to 81.4% from 82.2% last quarter; net and core yields remained stable.