NMI Holdings, Inc. reported record net income of $102.6 million, or $1.28 per diluted share, for the first quarter ended March 31, 2025. This marks an increase from $86.2 million, or $1.07 per diluted share, in the fourth quarter of 2024 and $89.0 million, or $1.08 per diluted share, in the first quarter of 2024.
Total revenue for the quarter reached a record $173.2 million, representing an 11.0% increase from $156.3 million in Q1 2024. Net premiums earned grew by 9.0% to $149.4 million, driven by an expanding monthly insurance-in-force and high persistency rates.
Net investment income also contributed significantly, increasing by 22.0% to $23.7 million, reflecting growth in the invested asset base and improved book yield. These results underscore the effectiveness of the company's disciplined management and high-quality insured portfolio.
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