In Q1 2026, NMI Holdings demonstrated notable growth in new insurance written and overall insurance-in-force, reflecting wider acceptance among diverse mortgage lenders. Leveraging its proprietary Rate GPS® pricing platform and comprehensive licensing, the company is well-positioned within the private mortgage insurance (PMI) industry. However, capital adequacy requirements under PMIERs and evolving regulatory landscapes remain key constraints. Going forward, growth will depend on disciplined underwriting, customer expansion, and navigating complex industry regulations.