AlphAIAlphAI — Financial news for AI agents
finance.yahoo.com$NMIH

NMI Holdings (NASDAQ:NMIH) reports sales below analyst estimates in Q3 2026 earnings

NMI Holdings (NMIH) reported Q3 2026 revenue of $187.6M, missing estimates by 1.6% and EPS of $1.23, missing estimates by 6.2%. Net premiums earned grew 2.7% YoY to $155.5M, and book value per share increased 10.8% YoY to $36.13. The combined ratio improved by 700 basis points YoY to 38.5%.

Original reporting
finance.yahoo.com
Published Nov 5, 2026, 9:36 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 5, 2026, 9:52 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
NMI Holdings (NASDAQ:NMIH) reports sales below analyst estimates in Q3 2026 earnings — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$NMIHBearishMed
01

Why it matters

The earnings miss may trigger short-term sell pressure, but the company's solid balance sheet and low combined ratio could support a longer-term rebound.

02

Market read

The earnings miss is the primary catalyst for NMI Holdings' stock movement, with potential spillover to the mortgage insurance niche.

03

What to watch

Strong book value growth and low combined ratio suggest underlying operational strength despite the quarter miss.

Relevance 7/10Novelty 7/10Timing: after-hours

Background

NMI Holdings provides mortgage insurance, helping borrowers reduce cash needed at closing. The company reported modest revenue growth but missed analyst expectations in Q3 2026.

Company-level read

Ticker impact

$NMIHBearishHigh confidence
Context

Q3 2026 earnings miss: revenue $187.6M vs $190.6M estimate and EPS $1.23 vs $1.31 estimate.

Expected impact

likely downward pressure as the market prices in the revenue and EPS shortfall

Evidence & confidence

Both top-line and EPS fell short of consensus, and shares were flat after release, indicating immediate disappointment.

Market effects

Sector

Mortgage insurance sector may see broader scrutiny as earnings miss highlights sensitivity to interest-rate environment.

Regional

U.S. financial services stocks could face modest pressure in early trading.

Global

Limited to U.S. markets; no direct global ripple.

Counterpoint

What could challenge this read

If the miss is viewed as a temporary blip, the stock could be a buying opportunity at lower levels.

Key entities

  • Executive
    Adam Pollitzer

    President and CEO of NMI Holdings, quoted in the earnings release.

Read at source← All news

Also covered by

1 outlet

Related articles

$NMIHMed

NMI Holdings (NMIH) Q3 2026 Earnings Call Transcript

NMI Holdings (NMIH) reported Q3 2026 earnings with $187.5M revenue, $93.7M adjusted net income, and $1.23 EPS. The company saw $13.6B in new insurance written and $229.7B in primary insurance-in-force. NMIH highlighted strong financial performance, risk management, and growth in its insured portfolio, while acknowledging macroeconomic risks.

finance.yahoo.com
$NMIHMed

NMI Holdings Inc (NMIH) Q3 2026 Earnings Call Highlights: Record

NMI Holdings (NMIH) reported Q3 2026 earnings with adjusted net income declining to $93.7M from $106M in Q2 2026 due to higher claims. Claims expense rose to $29.1M, and the cure rate fell to 26%. Management expects higher expenses in Q4. Share repurchases continue at a steady pace. The company discussed seasonal patterns, reinsurance deals, and market conditions during the earnings call.

finance.yahoo.com
$NMIHMed

What NMI (NMIH) Said on Its Q3 Earnings Call

NMI Holdings (NMIH) reported Q3 earnings, noting a provision of $13,500 per new delinquency, down slightly from the previous quarter. The company secured reinsurance agreements at a 4% pretax cost of capital. NMIH repurchased $27.1 million of stock, retiring 626,000 shares. It has $140 million remaining under its buyback program. The company's 12-month persistency rate was 80.8%, down from 81.4% in Q2.

finance.yahoo.com
$NMIHMed

NMI Holdings, Inc. Reports Third Quarter 2026 Financial Results

NMI Holdings, Inc. (NMIH) filed an SEC Form 8-K — Results of Operations and Financial Condition. 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 3

SEC EDGAR 8-K
$RDNMed

Mortgage insurers report another strong quarter of profits

Keefe, Bruyette & Woods said private mortgage insurers wrote 21% more new business in Q2 than Q1 and 17% more than a year earlier. After reporting, KBW raised earnings targets for four of five companies it follows, including MGIC, while Radian’s Inigo miss led to lower EPS estimates. Fannie Mae and Freddie Mac updated PMIERs eligibility rules for VantageScore 4.0.

nationalmortgagenews.com