Milliman’s second-quarter (2Q) 2026 update on the private mortgage insurance (PMI) market offers a snapshot of mortgage market industry statistics—including new insurance written (NIW), insurer performance, and delinquency trends—across six key insurers: Arch, Enact, Essent, MGIC, NMI, and Radian.

Since 2018, Milliman has been tracking the PMI NIW landscape and insurance in-force (IIF) performance. We have compiled this data to build a view of the quarter for each insurer and an aggregate for the industry as a whole.

The full 2Q report provides in-depth data and commentary covering:

• Summary of NIW
• Summary of IIF
• Volume, policy count, and persistency
• Performance
• Summary of capital markets insurance-linked note issuances
• Appendix: Additional excerpts from earnings calls

The data used to compile this report includes publicly available PMI carriers’ disclosures (earnings releases, financial supplements, and 10-K/Qs) as well as additional aggregated industry data extracted from Milliman’s M-PIRe platform.