NMI Holdings, Inc.

NMI Holdings, Inc.

NMIH
NMI Holdings, Inc.US flagNASDAQ Global Market
44.83
USD
-0.56
- -
3.41BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.1
0.38
0.95
2.06
2.99
4.21
5.48
5.59
5.67
6.18
7.03
8.15
9.1
9.55
Basic EPS, GAAP
-0.99
-0.84
-0.47
1.08
0.37
1.66
2.54
2.2
2.7
3.45
3.91
4.51
5.01
5.17
Free Cash Flow per Basic Share
-0.77
-0.5
0.6
1.02
0.99
2.12
2.93
2.93
3.66
3.57
4.04
4.84
5.31
5.82
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.98
7.31
6.85
8.04
8.41
10.58
13.61
16.08
18.25
19.31
23.81
28.21
33.98
35.89
Tangible Book Value per Share
7.92
7.25
6.79
7.98
8.35
10.52
13.56
16.04
18.21
19.27
23.77
28.17
33.93
35.85
Basic Weighted Avg Shares
56
58
59
59
60
65
68
78
86
85
82
80
78
77
Sales/Revenue/Turnover
6
22
56
122
179
274
370
436
486
524
579
651
706
731
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
8
8
5
6
7
8
9
10
11
12
12
12
11
10
Net Income, GAAP
-55
-49
-28
64
22
108
172
172
231
293
322
360
389
395
Effective Tax Rate (%)
- -
- -
- -
- -
58.23
20.62
20.63
21.34
22.11
22.37
21.95
22.29
22.18
21.98
Profit Margin (%)
-992.52
-220.22
-50.07
52.5
12.34
39.44
46.46
39.33
47.59
55.85
55.63
55.32
55.05
54.1
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
144
144
144
147
146
393
395
396
398
415
417
418
Total Equity
463
427
403
476
509
702
930
1,370
1,566
1,614
1,926
2,217
2,592
2,705
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
4.35
15.96
18.87
13.44
13.75
16.01
16.03
15.69
14.57
14.01
Return on Common Equity (%)
-11.59
-10.99
-6.7
14.57
4.48
17.83
21.07
14.92
15.75
18.42
18.2
17.38
16.17
15.43

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
417
418
418
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
76
76
75
Market Capitalization
3,112
2,856
3,097

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
448
470
627
Accounts Receivable, Net
125
127
127
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
102
105
99
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.15%
13.75%
16.89%
Free Cash Flow
32.74%
13.34%
6.68%
Net Income, GAAP
14.39%
18.24%
8%
Sales/Revenue/Turnover
32.31%
10.14%
8.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
156
162
166
167
651
2025
173
174
179
181
706
2026
183
188
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.1
1.15
1.17
1.09
4.51
2025
1.31
1.23
1.24
1.23
5.01
2026
1.3
1.4
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Adam S. Pollitzer
Full Time Employees
225
Sector
Financial Services
Industry
Insurance - Specialty
Address
2100 Powell Street EmeryVille CA United States of America 94608
IPO Date
Nov 8, 2013
Business
NMI Holdings, Inc. NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance through its subsidiaries, including National Mortgage Insurance Corporation, protecting lenders and investors from default-related losses on portions of unpaid principal balances for low down payment residential mortgages; the company offers primary mortgage insurance, pool insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators such as national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. Founded in 2011 and headquartered at 2100 Powell Street, 12th Floor, Emeryville, California, NMI Holdings, Inc. operates nationwide in the United States, focusing on the mortgage insurance segment of the financial services industry with approximately 230 employees and serving first-time homebuyers, low-to-moderate income borrowers, and other customer segments through innovative underwriting solutions like TrueGuide, Rate GPS quoting tools, National MI University training, and digital platforms for claims processing and customer support. In recent developments, the company reported record financial results including Q3 2025 revenue of $178.7 million, GAAP net income of $96 million, and return on equity of 15.6%, alongside higher new insurance written volumes reaching $56.1 billion annually, net premiums written of $411.5 million, and a persistency rate of 71%; it continues expanding distribution channels, deepening lender partnerships, enhancing digital capabilities with investments in product development and R&D, and maintaining strong capital positions as affirmed by ratings agencies, positioning it for sustained growth amid stable housing market conditions and opportunities in homeownership trends.

Company News

  • NMIH Gains 20.9% in Three Months: What Investors Should Know?

  • Bank of America Corp DE Has $48.94 Million Stake in NMI Holdings Inc $NMIH

  • California State Teachers Retirement System Purchases 16,175 Shares of NMI Holdings Inc $NMIH

  • NMI Holdings: Resilient Credit Performance Increasingly Reflected In Valuation (Downgrade)

  • NMIH Q2 Earnings Beat on Premium Growth and Lower Claims

  • NMI Holdings (NMIH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

  • NMI Holdings, Inc. (NMIH) Q2 2026 Earnings Call Transcript

  • NMI Holdings (NMIH) Q2 Earnings and Revenues Surpass Estimates

  • NMI Holdings, Inc. Reports Record Second Quarter 2026 Financial Results

  • Bank of New York Mellon Corp Has $18.69 Million Position in NMI Holdings Inc $NMIH

  • NMI Holdings, Inc. to Announce Second Quarter 2026 Financial Results on July 30, 2026

  • NMI Holdings' Mortgage Insurance Drives Growth and Profitability

  • NMIH Lags Industry, Trades at a Discount: Here's How to Play the Stock

  • NMI Research Reveals Nearly One in Three Drivers Have Received a Parking Ticket Due to Confusing Payment Instructions

  • NMI Holdings, Inc. to Participate in Moody's US Housing Executive Series on May 28th, 2026

  • NMI Holdings: Attractive Even With Peaking Earnings (Upgrade)

  • NMIH Stock Trading at a Discount to Industry at 1.08X: Time to Hold?

  • NMI Holdings, Inc. to Participate in Upcoming Investor Conferences

  • This $4 Million NMI Holdings Sale Comes as the Insurer Grows Book Value 15%

  • NMI Holdings Q1 Earnings, Revenues Top, Insurance in Force Rises Y/Y