Shares of NMI Holdings Inc (NMIH) are soaring 5.38% in pre-market trading on Wednesday following the release of the company's exceptional first-quarter 2025 earnings report. The mortgage insurance provider delivered record financial results, surpassing analyst expectations and demonstrating strong growth across key metrics.

NMI Holdings reported a record total revenue of $173.2 million for Q1 2025, up from $156.3 million in the same period last year. The company's net income reached a new high of $102.6 million, or $1.28 per diluted share, compared to $1.08 per share a year earlier. This impressive performance significantly exceeded the FactSet analyst consensus estimate of $1.10 per share.

Other highlights from the earnings report include: - An 18.1% return on equity for the quarter - Primary insurance in force growing to $211.3 billion, up 6% year-over-year - New insurance written (NIW) of $9.2 billion - A strong balance sheet with $2.9 billion in total cash and investments Adam Pollitzer, President and CEO of NMI Holdings, commented on the results: "We had a terrific quarter, once again delivering significant new business production, 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."

The strong Q1 performance and positive outlook have clearly resonated with investors, as reflected in the pre-market stock surge. As the market opens, all eyes will be on NMIH to see if this upward momentum continues throughout the trading session.