NMIH

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2 q32026exhibit991.htm

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Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

NMI Holdings, Inc. Reports Third Quarter 2026 Financial Results

EMERYVILLE, Calif., Nov. 5, 2026 -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $93.5 million, or $1.23 per diluted share, for the third quarter ended September 30, 2026, compared to $105.8 million, or $1.38 per diluted share, for the second quarter ended June 30, 2026 and $96.0 million, or $1.22 per diluted share, for the third quarter ended September 30, 2025. Adjusted net income for the quarter was $93.7 million, or $1.23 per diluted share, compared to $106.0 million, or $1.38 per diluted share, for the second quarter ended June 30, 2026 and $95.7 million, or $1.21 per diluted share, for the third quarter ended September 30, 2025.

Adam Pollitzer, President and Chief Executive Officer of National MI, said, “In the third quarter, we again delivered standout operating performance, consistent growth in our high-quality insured portfolio, and strong financial results. During the period, we helped more than 53,000 borrowers, writing nearly $13.6 billion of new coverage in support of hard-working families across the country. At National MI, we’re proud to provide a low-cost, high-value solution that helps borrowers dramatically reduce the cash they need at the closing table and buy a home years earlier than they otherwise could, with private capital that serves to insulate the GSEs and taxpayers from risk and loss. Looking ahead, we’re well positioned to continue to serve our lenders and their borrowers, support the long-term safety and soundness of the mortgage market, and deliver through-the-cycle growth, returns and value for our shareholders.”

Selected third quarter 2026 highlights include:

•Primary insurance-in-force at quarter end was $229.7 billion, compared to $227.1 billion at the end of the second quarter and $218.4 billion at the end of the third quarter of 2025.

•Net premiums earned were $155.5 million, compared to $157.5 million in the second quarter and $151.3 million in the third quarter of 2025.

•Total revenue was $187.6 million, compared to $187.9 million in the second quarter and $178.7 million in the third quarter of 2025.

•Insurance claims and claim expenses were $29.1 million, compared to $13.1 million in the second quarter and $18.6 million in the third quarter of 2025. Loss ratio was 18.7%, compared to 8.3% in the second quarter and 12.3% in the third quarter of 2025.

•Underwriting and operating expenses were $30.8 million, compared to $30.5 million in the second quarter and $29.2 million in the third quarter of 2025. Expense ratio was 19.8%, compared to 19.4% in the second quarter and 19.3% in the third quarter of 2025.

•Net income was $93.5 million, compared to $105.8 million in the second quarter and $96.0 million in the third quarter of 2025. Diluted EPS was $1.23, compared to $1.38 in the second quarter and $1.22 in the third quarter of 2025.

•Adjusted net income was $93.7 million, compared to $106.0 million in the second quarter and $95.7 million in the third quarter of 2025. Adjusted diluted EPS was $1.23, compared to $1.38 in the second quarter and $1.21 in the third quarter of 2025.

•Shareholders' equity was $2.7 billion at quarter end and book value per share was $36.13. Book value per share excluding the impact of net unrealized gains and losses in the investment portfolio was $38.13, up 3% compared to $36.88 in the second quarter and up 14% compared to $33.32 in the third quarter of 2025.

•Share repurchases totaled 626,383 shares or $27.1 million during the quarter, bringing total repurchase activity to 14.3 million shares or $435 million since inception of the program.

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EXHIBIT 99.1

•Annualized return on equity for the quarter was 13.8%, compared to 15.9% in the second quarter and 15.6% in the third quarter of 2025. Annualized adjusted return on equity was 13.9%, compared to 15.9% in the second quarter and 15.5% in the third quarter of 2025.

•At quarter-end, total PMIERs available assets were $3.8 billion and net risk-based required assets were $2.2 billion.

Quarter EndedQuarter EndedQuarter Ended Change (1)

Change (1)

9/30/20266/30/20269/30/2025Q/QY/Y

INSURANCE METRICS ($billions)

Primary Insurance-in-Force $229.7 $227.1 $218.4 1 %5 %

New Insurance Written - NIW 13.6 16.1 13.0 (15)%4 %

FINANCIAL HIGHLIGHTS (Unaudited, $millions, except per share amounts)

Net Premiums Earned$155.5 $157.5 $151.3 (1)%3 %

Net Investment Income 32.2 30.3 26.8 6 %20 %

Insurance Claims and Claim Expenses 29.1 13.1 18.6 121 %57 %

Underwriting and Operating Expenses 30.8 30.5 29.2 1 %6 %

Adjusted Net Income 93.7 106.0 95.7 (12)%(2)%

Adjusted Diluted EPS $1.23 $1.38 $1.21 (11)%1 %

Book Value per Share (excluding net unrealized gains and losses) (2) $38.13 $36.88 $33.32 3 %14 %

Loss Ratio18.7 %8.3 %12.3 %

Expense Ratio 19.8 %19.4 %19.3 %

(1)    Percentages may not be replicated based on the rounded fig

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2 exhibit991q22026.htm

EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

NMI Holdings, Inc. Reports Record Second Quarter 2026 Financial Results

EMERYVILLE, Calif., July 30, 2026 -- 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.

Adam Pollitzer, President and Chief Executive Officer of National MI, said, “In the second quarter, we again delivered standout operating performance, consistent growth in our high-quality insured portfolio, and record financial results. We have a strong customer franchise, a talented team driving us forward every day, an exceptionally high-quality book covered by a comprehensive set of risk transfer solutions, and a robust balance sheet supported by the significant earnings power of our platform. Looking forward, we’re well positioned to continue delivering differentiated growth, returns and value for our shareholders.”

Selected second quarter 2026 highlights include:

•Primary insurance-in-force at quarter end was $227.1 billion, compared to $222.3 billion at the end of the first quarter and $214.7 billion at the end of the second quarter of 2025.

•Net premiums earned were $157.5 million, compared to $154.8 million in the first quarter and $149.1 million in the second quarter of 2025.

•Total revenue was $187.9 million, compared to $183.5 million in the first quarter and $173.8 million in the second quarter of 2025.

•Insurance claims and claim expenses were $13.1 million, compared to $20.7 million in the first quarter and $13.4 million in the second quarter of 2025. Loss ratio was 8.3%, compared to 13.3% in the first quarter and 9.0% in the second quarter of 2025.

•Underwriting and operating expenses were $30.5 million, compared to $30.6 million in the first quarter and $29.5 million in the second quarter of 2025. Expense ratio was 19.4%, compared to 19.8% in the first quarter and 19.8% in the second quarter of 2025.

•Net income was $105.8 million, compared to $99.3 million in the first quarter and $96.2 million in the second quarter of 2025. Diluted EPS was $1.38, compared to $1.28 in the first quarter and $1.21 in the second quarter of 2025.

•Adjusted net income was $106.0 million, compared to $99.4 million in the first quarter and $96.5 million in the second quarter of 2025. Adjusted diluted EPS was $1.38, compared to $1.28 in the first quarter and $1.22 in the second quarter of 2025.

•Shareholders' equity was $2.7 billion at quarter end and book value per share was $35.89. Book value per share excluding the impact of net unrealized gains and losses in the investment portfolio was $36.88, up 4% compared to $35.46 in the first quarter and up 15% compared to $32.08 in the second quarter of 2025.

•Annualized return on equity for the quarter was 15.9%, compared to 15.2% in the first quarter and 16.2% in the second quarter of 2025. Annualized adjusted return on equity was 15.9%, compared to 15.2% in the first quarter and 16.3% in the second quarter of 2025.

•At quarter-end, total PMIERs available assets were $3.7 billion and net risk-based required assets were $2.1 billion.

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EXHIBIT 99.1

Quarter EndedQuarter EndedQuarter Ended Change (1)

Change (1)

6/30/20263/31/20266/30/2025Q/QY/Y

INSURANCE METRICS ($billions)

Primary Insurance-in-Force $227.1 $222.3 $214.7 2 %6 %

New Insurance Written - NIW 16.1 12.3 12.5 31 %29 %

FINANCIAL HIGHLIGHTS (Unaudited, $millions, except per share amounts)

Net Premiums Earned$157.5 $154.8 $149.1 2 %6 %

Net Investment Income 30.3 28.6 24.9 6 %22 %

Insurance Claims and Claim Expenses 13.1 20.7 13.4 (36)%(2)%

Underwriting and Operating Expenses 30.5 30.6 29.5 — %3 %

Adjusted Net Income 106.0 99.4 96.5 7 %10 %

Adjusted Diluted EPS $1.38 $1.28 $1.22 8 %14 %

Book Value per Share (excluding net unrealized gains and losses) (2) $36.88 $35.46 $32.08 4 %15 %

Loss Ratio8.3 %13.3 %9.0 %

Expense Ratio 19.4 %19.8 %19.8 %

(1)    Percentages may not be replicated based on the rounded figures presented in the table.

(2)    Book value per share (excluding net unrealized gains and losses) is defined as total shareholders' equity, excluding the after-tax effects of unrealized gains and losses on our investment portfolio, divided by shares outstanding.

Conference Call and Webcast Details

The company will hold a conference call, which will be webcast live today, July 30, 2026, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's

EX-99.1

2 exhibit991q12026.htm

EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

NMI Holdings, Inc. Reports First Quarter 2026 Financial Results

EMERYVILLE, Calif., Apr. 30, 2026 -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $99.3 million, or $1.28 per diluted share, for the first quarter ended March 31, 2026, compared to $94.2 million, or $1.20 per diluted share, for the fourth quarter ended December 31, 2025 and $102.6 million, or $1.28 per diluted share, for the first quarter ended March 31, 2025. Adjusted net income for the quarter was $99.4 million, or $1.28 per diluted share, compared to $93.8 million, or $1.20 per diluted share, for the fourth quarter ended December 31, 2025 and $102.5 million, or $1.28 per diluted share, for the first quarter ended March 31, 2025.

Adam Pollitzer, President and Chief Executive Officer of National MI, said, “In the first quarter, we again delivered strong operating performance, consistent growth in our high-quality insured portfolio, and standout financial results. We have a strong customer franchise, a talented team driving us forward every day, an exceptionally high-quality book covered by a comprehensive set of risk transfer solutions, and a robust balance sheet supported by the significant earnings power of our platform. Looking forward, we’re well positioned to continue delivering differentiated growth, returns and value for our shareholders.”

Selected first quarter 2026 highlights include:

•Primary insurance-in-force at quarter end was $222.3 billion, compared to $221.4 billion at the end of the fourth quarter and $211.3 billion at the end of the first quarter of 2025.

•Net premiums earned were $154.8 million, compared to $152.5 million in the fourth quarter and $149.4 million in the first quarter of 2025.

•Total revenue was $183.5 million, compared to $180.7 million in the fourth quarter and $173.2 million in the first quarter of 2025.

•Insurance claims and claim expenses were $20.7 million, compared to $21.2 million in the fourth quarter and $4.5 million in the first quarter of 2025. Loss ratio was 13.3%, compared to 13.9% in the fourth quarter and 3.0% in the first quarter of 2025.

•Underwriting and operating expenses were $30.6 million, compared to $31.1 million in the fourth quarter and $30.2 million in the first quarter of 2025. Expense ratio was 19.8%, compared to 20.4% in the fourth quarter and 20.2% in the first quarter of 2025.

•Net income was $99.3 million, compared to $94.2 million in the fourth quarter and $102.6 million in the first quarter of 2025. Diluted EPS was $1.28, compared to $1.20 in the fourth quarter and $1.28 in the first quarter of 2025.

•Adjusted net income was $99.4 million, compared to $93.8 million in the fourth quarter and $102.5 million in the first quarter of 2025. Adjusted diluted EPS was $1.28, compared to $1.20 in the fourth quarter and $1.28 in the first quarter of 2025.

•Shareholders' equity was $2.6 billion at quarter end and book value per share was $34.57. Book value per share excluding the impact of net unrealized gains and losses in the investment portfolio was $35.46, up 3% compared to $34.58 in the fourth quarter and 15% compared to $30.85 in the first quarter of 2025.

•Annualized return on equity for the quarter was 15.2%, compared to 14.8% in the fourth quarter and 18.1% in the first quarter of 2025. Annualized adjusted return on equity was 15.2%, compared to 14.7% in the fourth quarter and 18.1% in the first quarter of 2025.

•At quarter-end, total PMIERs available assets were $3.6 billion and net risk-based required assets were $2.2 billion.

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EXHIBIT 99.1

Quarter EndedQuarter EndedQuarter Ended Change (1)

Change (1)

3/31/202612/31/20253/31/2025Q/QY/Y

INSURANCE METRICS ($billions)

Primary Insurance-in-Force $222.3 $221.4 $211.3 — %5 %

New Insurance Written - NIW 12.3 14.2 9.2 (14)%33 %

FINANCIAL HIGHLIGHTS (Unaudited, $millions, except per share amounts)

Net Premiums Earned$154.8 $152.5 $149.4 2 %4 %

Net Investment Income 28.6 27.5 23.7 4 %21 %

Insurance Claims and Claim Expenses 20.7 21.2 4.5 (2)%361 %

Underwriting and Operating Expenses 30.6 31.1 30.2 (1)%1 %

Adjusted Net Income 99.4 93.8 102.5 6 %(3)%

Adjusted Diluted EPS $1.28 $1.20 $1.28 7 %— %

Book Value per Share (excluding net unrealized gains and losses) (2) $35.46 $34.58 $30.85 3 %15 %

Loss Ratio13.3 %13.9 %3.0 %

Expense Ratio 19.8 %20.4 %20.2 %

(1)    Percentages may not be replicated based on the rounded figures presented in the table.

(2)    Book value per share (excluding net unrealized gains and losses) is defined as total shareholders' equity, excluding the after-tax effects of unrealized gains and losses on our investment portfolio, divided by shares outstanding.

Conference Call and Webcast Details

The company will hold a conference call, which will be webcast live today, April 30, 2026, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's we