In Q2 2026, NMI Holdings accelerated net insurance written volumes, reflecting robust portfolio expansion supported by disciplined risk selection and its proprietary Rate GPS® pricing platform. The company’s comprehensive licensing across all U.S. states and GSE approvals sustain high entry barriers, while diversified lender relationships reduce concentration risks. Improved claims experience amid portfolio maturation enhances profitability prospects. Capital adequacy remains solid, underpinning continued growth despite regulatory and market uncertainties.