NMI Holdings, Inc.'s (NMIH) Q2 2025 Earnings Conference Transcript

NMI Holdings, Inc.'s (NMIH) Q2 2025 Earnings Conference Transcript

NMI Holdings Inc. (NMIH) has announced its Q2 2025 financial results, surpassing expectations in both earnings and revenue. The company posted earnings per share (EPS) of $1.22, slightly above forecasts of $1.21, and generated a record revenue of $173.8 million, representing 1.9% to 7.2% year-over-year growth [1][2][3][4].

The earnings call, held on July 29, 2025, was attended by key analysts including Bose Thomas George (Keefe, Bruyette, & Woods, Inc., Research Division), Douglas Michael Harter (UBS Investment Bank, Research Division), Mark Douglas Hughes (Truist Securities, Inc., Research Division), and Richard Barry Shane (JPMorgan Chase & Co, Research Division) [5].

Adam Pollitzer, the President and Chief Executive Officer of National MI, led the call, alongside Aurora Swithenbank, the Chief Financial Officer, Brad Shuster, the Executive Chairman, and John M. Swenson, the Vice President of Investor Relations and Treasury [6].

Key Highlights from the Q2 2025 Earnings

• New insurance written (NIW): $12.5 billion, remaining flat year-over-year.
• Primary insurance in force: increased 5.5% year-over-year to $214.7 billion.
• Annual persistency rate: decreased 140 basis points year-over-year to 84.1%.
• Gross profit margin: strong at approximately 80.66%.
• Underwriting and operating expenses: $29.5 million, up 4% year-over-year.
• Insurance claims and claim expenses: rose significantly to $13.5 million from $0.3 million a year ago, resulting in a loss ratio of about 9.0%.
• Book value per share: increased 16% year-over-year to $32.08.
• Share repurchases: $23.2 million of common stock repurchased in Q2, supporting shareholder value.
• Shareholders’ equity: $2.4 billion with an annualized return on equity of 16.2% [1][2][3].

The company's management emphasized growth driven by a high-quality insurance portfolio and strong risk management, maintaining a positive outlook to leverage its platform for continued earnings power and shareholder value growth despite a challenging market environment [6].

Following the earnings release, NMIH's stock modestly increased 0.4% during regular trading and 2.35% in aftermarket sessions, closing around $37.81 [1][3].

Further Analysis and Information

Further analysis and news about NMI Holdings, Inc. can be found online. Additional information about factors that could cause actual results to differ from the forward-looking statements can be found on the company's website or through its regulatory filings with the SEC [7].

The conference call was recorded, and a transcript may be available for reading on NMI's website [8].

[1] NMI Holdings Inc. (NMIH) Q2 2025 Earnings Release

[2] NMI Holdings Inc. (NMIH) Q2 2025 Earnings Call Transcript

[3] Yahoo Finance: NMI Holdings Inc. (NMIH) Stock Price and News

[4] SEC Filings for NMI Holdings Inc. (NMIH)

[5] Conference Call Participants

[6] Management Participants

[7] Additional Information and Factors

[8] Conference Call Transcript

Investors who are interested in the finance sector may find the growth potential of NMI Holdings Inc. (NMIH) appealing, given their Q2 2025 financial results demonstrating a strong gross profit margin and shareholder value growth. Investing in businesses like NMIH, which emphasize growth through a high-quality insurance portfolio and robust risk management, could prove beneficial for the future.

After the Q2 2025 earnings release, NMIH's stock responded positively, with a 0.4% increase during regular trading and 2.35% growth in aftermarket sessions, closing near $37.81.

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