NMI Holdings Inc (NASDAQ:NMIH) saw its stock price surge 5.38% in pre-market trading on Wednesday following the release of its impressive first-quarter 2025 financial results. The company, which provides private mortgage insurance through its subsidiary National Mortgage Insurance Corporation, reported record-breaking performance across key metrics.

The standout figures from NMI's Q1 report include: - Total revenue of $173.2 million, a new quarterly record - GAAP net income of $102.6 million, or $1.28 per diluted share, surpassing analyst expectations of $1.10 - Return on equity of 18.1% - New insurance written (NIW) of $9.2 billion - Primary insurance in force grew to a record $211.3 billion, up 6% year-over-year

Adam Pollitzer, President and CEO of NMI Holdings, expressed confidence in the company's position, stating, "We had a terrific quarter, once again delivering significant new business production, consistent growth in our high-quality insured portfolio, and record financial results." He emphasized the company's strong customer franchise, talented team, and robust balance sheet as key factors supporting their continued success.

Additionally, NMI announced the extension of its long-term IT partnership with Tata Consultancy Services through 2032, a move expected to drive further innovation and efficiency across the company's platform. This strategic decision likely contributed to investor optimism about NMI's future operational capabilities.

The strong financial performance, coupled with management's positive outlook and strategic initiatives, appears to have fueled investor enthusiasm, leading to the significant pre-market stock price increase. As the mortgage insurance market continues to evolve, NMI Holdings seems well-positioned to capitalize on opportunities and deliver value to its shareholders.