NMI Holdings, Inc. is a company operating within the United States that offers private mortgage guaranty insurance. In addition to its core ...
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Est. EPS $1.29 · Revenue $159.00M · 4 analysts
Est. EPS $1.30 · Revenue $160.64M · 4 analysts
Est. EPS $5.27 · Revenue $631.96M · 4 analysts
Est. EPS $1.32 · Revenue $161.19M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $705.6M | +8.4% | +2.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $388.9M | +8.0% | +6.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +91.8% | -3.4% | +12.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +70.8% | -0.5% | +7.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +55.1% | -0.4% | +4.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $412.5M | +6.7% | +22.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +58.5% | -1.6% | +19.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 16.1% | -14.1% | -2.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.90x | -45.2% | -72.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.8B | +14.7% | +2.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 4.92 vs 4.90 | +0.4% | 1.38 vs 1.29 | +7.3% |
| Revenue Surprise | $705.6M vs $602.6M | +17.1% | $187.9M vs $159.0M | +18.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Swithenbank Aurora | officer: EVP, Chief Financial Officer | Common Shares, $0.01 par value per share | D | 11,662 | $44.51 |
| Aug 3, 2026 | Smith Robert Owen | officer: EVP, Chief Risk Officer | Common Shares, $0.01 par value per share | D | 12,000 | $44.65 |
| May 19, 2026 | Montgomery Michael Curry | director | Common Shares, $0.01 par value per share | D | 1,554 | $37.90 |
| May 14, 2026 | EMBLER MICHAEL J | director | Restricted Stock Unit (right to receive) | A | 4,512 | — |
| May 14, 2026 | Montgomery Michael Curry | director | Restricted Stock Unit (right to receive) | A | 4,512 | — |
Operator: Good day. Welcome to the NMI Holdings Inc. 2026 second quarter earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to John Swenson, Vice President of Investor Relations and Treasury. Please go ahead. John Swenson: Thank you, operator. Good afternoon. Welcome to the 2026 second quarter conference call for National MI. I'm John Swenson, Vice President of Investor Relations and Treasury. Joining us on the call today are Brad Shuster, Executive Chairman, Adam Pollitzer, President and Chief Executive Officer, and Aurora Swithenbank, Chief Financial Officer. Financial results for the quarter were released after the close today. The press release may be accessed on NMI's website, located at nationalmi.com under the Investors tab. During the course of this call, we may make comments about our expectations for the future. Actual results could differ materially from those contained in these forward-looking statements. Additional information about the factors that could cause actual results or trends to differ materially from those discussed on the call can be found on our website or through our filings with the SEC. If, to the extent the company makes forward-looking statements, we do not undertake any obligation to update those statements in the future in light of subsequent developments. No one should rely on the fact that the guidance of such statements is current at any time other than the time of this call. Note that on this call, we may refer to certain non-GAAP measures. In today's press release and on our website, we've provided a reconciliation of these measures to the most comparable measures under GAAP. I'll turn the call over to Brad. Brad Shuster: Thank you, John. Good afternoon, everyone. I'm pleased to report that in the second quarter, National MI again delivered standout operating performance, continued growth in our insured portfolio, and record financial results. Our lenders and their borrowers continued to turn to us for critical down payment support. In the second quarter, we generated $16 billion of NIW volume, ending the period with a record $227.1 billion of high-quality, high-performing primary insurance in force. We also surpassed $500 billion of insurance ever written during the quarter—a notable milestone that serves to highlight the consistent and significant success we've been delivering for so long. National MI was formed with a goal to provide a differentiated commitment and standard of service and a clear vision as to how we should engage in the market to drive value for our borrowers, our lender …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Adam S. Pollitzer | President, Chief Executive Officer & Director | USD 3,872,165 | Male | 1980 | Active |
Bradley Mize Shuster | Executive Chairman | USD 1,792,124 | Male | 1955 | Active |
William J. Leatherberry | Executive Vice President, Chief Administrative Officer General Counsel & Secretary | USD 1,687,925 | Male | 1971 | Active |
Aurora Jean Swithenbank | Executive Vice President & Chief Financial Officer | USD 1,461,485 | Female | 1976 | Active |
Robert Owen Smith | Executive Vice President & Chief Risk Officer | USD 1,421,525 | Male | 1970 | Active |
Andrew Greenberg | Senior Vice President of Finance | — | Male | — | Active |
Nicholas D. Realmuto | Controller | — | — | — | Active |
Mohammad Yousaf | EVice President, Chief of Operations & Technology | — | Male | 1977 | Active |
Norman Fitzgerald | Executive Vice President & Chief Sales Officer | — | Male | 1968 | Active |
Allison Miller | Senior Vice President & CHRO | — | Female | — | Active |
Lesley Alli | Senior Vice President of Industry Relations & Corporate Communications | — | Female | — | Active |
John Swenson | Vice President of Investor Relations & Treasury | — | Male | — | Active |
While the top- and bottom-line numbers for NMI Holdings (NMIH) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
NMI Holdings, Inc. (NMIH) Q2 2026 Earnings Call Transcript
NMI Holdings (NMIH) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.22 per share a year ago.
EMERYVILLE, Calif., July 30, 2026 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $105.8 million, or $1.38 per diluted share, for the second quarter ended June 30, 2026, compared to $99.3 million, or $1.28 per diluted share, for the first quarter ended March 31, 2026 and $96.2 million, or $1.21 per diluted share, for the second quarter ended June 30, 2025. Adjusted net income for the quarter was $106.0 million, or $1.38 per diluted share, compared to $99.4 million, or $1.28 per diluted share, for the first quarter ended March 31, 2026 and $96.5 million, or $1.22 per diluted share, for the second quarter ended June 30, 2025.
Bank of New York Mellon Corp lessened its stake in NMI Holdings Inc (NASDAQ: NMIH) by 4.2% in the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 498,157 shares of the financial services provider's stock after selling 21,953 shares during the period.
