NMI Holdings' Insurance in Force Outpaces Industry With 49% Four-Year Growth

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

NMI Holdings said its insurance in force has grown 49% over the past four years, far outpacing the 13% growth of the broader private mortgage insurance industry. In the second quarter of 2026, primary insurance in force rose 5.8% year over year to $227.1 billion, while new insurance written climbed 29% to $16.1 billion, helping push net premiums earned up 5.7% to $157.5 million. Underwriting held firm as the second-quarter 2026 loss ratio improved to 8.3% from 9%, and adjusted earnings per share rose 14% year over year to $1.38. Among peers, MGIC Investment Corporation reported second-quarter 2026 new insurance written of $17.8 billion, up 8.5%, with insurance in force up 2.6% to $304.8 billion, while Radian Group's primary insurance in force reached roughly $284 billion, up about 3%. The Zacks Consensus Estimate projects NMI Holdings' 2026 earnings per share will rise 6.7% year over year on revenues of $752.4 million, up 6.5%, with 2027 earnings per share and revenues seen increasing 4.7% and 2.3%, respectively.

Impact on stocks 3

Financials▲ · 3 stocks
NMI Holdings Inc
NMIH
▲ PositiveCapitalrelevance

NMI's Q2 2026 net premiums earned rose 5.7% to $157.5M, loss ratio improved to 8.3%, and adjusted EPS rose 14% to $1.38.

MGIC Investment Corp
MTG
± Mixedrelevance

MGIC reported Q2 2026 new insurance written of $17.8B, up 8.5%, and insurance in force up 2.6% to $304.8B, but only as a peer comparison to NMI's growth.

Radian Group Inc
RDN
± Mixedrelevance

Radian's primary insurance in force reached roughly $284B, up about 3%, mentioned only as a peer comparison.

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