NMI Holdings (NMIH)

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NMI Holdings Inc. is a US mortgage insurance company whose main operating subsidiary, National Mortgage Insurance Corporation, provides private mortgage guaranty insurance for residential home loans. Its products are used by mortgage lenders and investors to reduce credit risk when borrowers make down payments below the level typically required to avoid mortgage insurance. By covering a portion of losses if a borrower defaults, NMI helps lenders originate loans that can be sold into the secondary mortgage market or held with improved risk protection.

The company serves a broad range of mortgage originators, including national and regional mortgage banks, large financial institutions, credit unions, community banks, builder-affiliated lenders, online lenders and other non-bank mortgage companies. In addition to primary mortgage insurance, NMI Holdings offers related services such as contract underwriting and loan review support, helping lenders assess whether loans meet eligibility and credit standards.

NMI Holdings operates in a cyclical industry closely tied to US housing activity, mortgage rates, home prices, borrower credit performance and regulatory standards. Demand for its insurance generally reflects the volume of low-down-payment mortgage lending, while profitability depends on premium income, claims experience, capital strength and reinsurance arrangements. The company competes with other private mortgage insurers as well as government-backed mortgage insurance programs. Its role in the housing finance system is to provide credit enhancement that supports access to home ownership while transferring part of the default risk away from lenders and mortgage investors.

37.05 USD
37.05 USD
+0.31 (+0.84%)

Last updated

Market Cap
2.79B
P/E
7.24
P/FCF
6.52
P/S
3.89
Enterprise Value
3.14B
Sector
Financials
Industry
Surety Insurance
Address
2100 POWELL STREET, 12TH FLOOR, EMERYVILLE, CA, 94608
Market Cap
2.79B
Enterprise Value
3.14B
P/E
7.24
P/B
1.06
P/S
3.89
EV / EBITDA
5.93
EV / Sales
4.38
EPS
5.08
Dividend Yield
0%
P/FCF
6.52
P/CF
6.43
Free Cash Flow
428.06M
ROE
14.65%
ROA
9.87%
Debt / Equity
0.16
Current Ratio
1.06
Quick Ratio
1.06
Cash
0.48
Avg Volume
599.51K
Fundamentals Snapshot Price
36.74

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 183.48M 180.74M 178.68M 173.78M 173.25M
Gross profit 162.81M 159.56M 160.13M 160.33M 168.77M
Operating income 132.19M 128.5M 130.97M 130.83M 138.59M
EBITDA 134.67M 130.14M 132.41M 132.03M 141.48M
Net income 99.33M 94.22M 96M 96.15M 102.56M
Basic EPS 1.3 1.23 1.24 1.23 1.31
Diluted EPS 1.28 1.2 1.22 1.21 1.28

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 3.91B 3.84B 3.73B 3.59B 3.46B
Total liabilities 1.28B 1.25B 1.21B 1.17B 1.13B
Total equity 2.63B 2.59B 2.51B 2.42B 2.32B
Cash & equivalents 70.68M 43.94M 130.44M 84.01M 74.21M
Current assets 157.54M 130.2M 216.17M 167.66M 158.36M
Current liabilities 148.52M 148.26M 143.2M 141.06M 138.11M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 116.09M 61.74M 128.05M 128.36M 101.15M
Investing cash flow -47.91M -117.66M -57.02M -94.13M -47.66M
Financing cash flow -41.44M -30.59M -24.6M -24.42M -33.59M
Change in cash 26.74M -86.5M 46.43M 9.8M 19.9M
Kind Filing Date Link
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 144 — NMI Holdings, Inc. View Filing
form 4 Form 4 — Montgomery Michael Curry View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 8-K — NMI Holdings, Inc. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — SCHEID STEVEN View Filing
form 4 Form 4 — SCHEID STEVEN View Filing
form 4 Form 4 — EMBLER MICHAEL J View Filing
form 4 Form 4 — Erickson John C View Filing
form 4 Form 4 — Huskins Priya Cherian View Filing
form 4 Form 4 — McCreary Lynn S. View Filing
form 4 Form 4 — Montgomery Michael Curry View Filing
form 4 Form 4 — Agrawal Renu View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
form 4 Form 4 — Swithenbank Aurora View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 10-Q — NMI Holdings, Inc. View Filing
form 4 Form 4 — Swithenbank Aurora View Filing
edgar index SCHEDULE 13G/A — NMI Holdings, Inc. View Filing
edgar index DEF 14A — NMI Holdings, Inc. View Filing
edgar index DEFA14A — NMI Holdings, Inc. View Filing
edgar index ARS — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 144 — NMI Holdings, Inc. View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 144 — NMI Holdings, Inc. View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
form 4 Form 4 — Realmuto Nicholas Daniel View Filing
form 4 Form 4 — Realmuto Nicholas Daniel View Filing
form 4 Form 4 — Realmuto Nicholas Daniel View Filing
form 4 Form 4 — Realmuto Nicholas Daniel View Filing
form 4 Form 4 — Realmuto Nicholas Daniel View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 144 — NMI Holdings, Inc. View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 144 — NMI Holdings, Inc. View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4/A — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
form 4 Form 4 — Leatherberry William J View Filing
edgar index 144 — NMI Holdings, Inc. View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
form 4 Form 4 — SHUSTER BRADLEY M View Filing
edgar index 4 — NMI Holdings, Inc. View Filing
edgar index 4 — NMI Holdings, Inc. View Filing