NMI Holdings, Inc. reported its financial results for the second quarter of 2025, showing a net income of $96.2 million, or $1.21 per diluted share. This marks a decrease from the $102.6 million, or $1.28 per diluted share, recorded in the first quarter of 2025, but an increase compared to $92.1 million, or $1.13 per diluted share, from the second quarter of 2024. The adjusted net income for the second quarter of 2025 was $96.5 million, or $1.22 per diluted share, down from $102.5 million, or $1.28 per diluted share, in the first quarter of 2025. Net premiums earned for the quarter were reported at $149.1 million, slightly lower than the $149.4 million recorded in the previous quarter but up from $141.2 million in the same quarter of the previous year. Net investment income increased by 5% from $23.7 million in the first quarter of 2025 to $24.9 million in the second quarter. Insurance claims and claim expenses saw a significant rise to $13.4 million, from $4.5 million in the previous quarter. Adam Pollitzer, President and CEO, highlighted the continued growth in their high-quality insured portfolio and strong operating performance. The primary insurance-in-force rose to $214.7 billion, a 2% increase from the previous quarter and a 5% increase year-over-year. New insurance written amounted to $12.5 billion, a 35% increase from the previous quarter. The company reported an annualized return on equity of 16.2% for the quarter, compared to 18.1% in the first quarter and 18.3% in the second quarter of the previous year. The book value per share, excluding net unrealized gains and losses, was $32.08, up from $30.85 in the previous quarter and $27.54 a year earlier. NMI Holdings did not provide specific guidance or outlook in the release.