NMI Holdings, Inc. (NMIH) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2100 POWELL STREET, 12TH FLOOR EMERYVILLE, CA 94608 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6351 - Surety Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,200 | 9,100 | 10,400 | 2,600 | 4,600 | 6,400 | |||
| Property, plant and equipment | 25,681 | 30,252 | 31,930 | 32,047 | 29,665 | 26,096 | |||
| Intangible assets, net (including goodwill), including: | 3,634 | 3,634 | 3,634 | 3,634 | 3,634 | 3,634 | |||
| Goodwill | 3,244 | 3,244 | 3,244 | 3,244 | 3,244 | 3,244 | |||
| Other undisclosed intangible assets, net (including goodwill) | 390 | 390 | 390 | 390 | 390 | 390 | |||
| Total noncurrent assets: | 37,515 | 42,986 | 45,964 | 38,281 | 37,899 | 36,130 | |||
| Other undisclosed assets | 3,312,458 | 2,897,521 | 2,470,066 | 2,412,300 | 2,128,767 | 1,328,688 | |||
| TOTAL ASSETS: | 3,349,973 | 2,940,507 | 2,516,030 | 2,450,581 | 2,166,666 | 1,364,818 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 386,192 | 301,573 | 193,859 | 164,175 | 112,586 | 56,360 | |||
| Deferred income tax liabilities | 386,192 | 301,573 | 193,859 | 164,175 | 112,586 | 56,360 | |||
| Total noncurrent liabilities: | 386,192 | 301,573 | 193,859 | 164,175 | 112,586 | 56,360 | |||
| Other undisclosed liabilities | 746,349 | 712,930 | 708,444 | 720,620 | 684,489 | 378,038 | |||
| Total liabilities: | 1,132,541 | 1,014,503 | 902,303 | 884,795 | 797,075 | 434,398 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,217,432 | 1,926,004 | 1,613,727 | 1,565,786 | 1,369,591 | 930,420 | |||
| Treasury stock, value | (246,594) | (148,921) | (56,575) | ||||||
| Additional paid in capital | 1,004,692 | 990,816 | 972,717 | 955,302 | 937,872 | 707,003 | |||
| Accumulated other comprehensive income (loss) | (124,804) | (139,917) | (204,323) | 1,485 | 53,856 | 17,288 | |||
| Retained earnings | 1,583,259 | 1,223,153 | 901,043 | 608,141 | 377,011 | 205,445 | |||
| Other undisclosed equity, attributable to parent | 879 | 873 | 865 | 858 | 852 | 684 | |||
| Total equity: | 2,217,432 | 1,926,004 | 1,613,727 | 1,565,786 | 1,369,591 | 930,420 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,349,973 | 2,940,507 | 2,516,030 | 2,450,581 | 2,166,666 | 1,364,818 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 650,971 | 579,003 | 523,345 | 485,072 | 433,283 | 378,771 | ||
| Premiums earned, net | 564,688 | 510,768 | 475,266 | 444,294 | 397,172 | 345,015 | ||
| Cost of revenue | (69,163) | (55,601) | (28,550) | (46,044) | (83,567) | (35,497) | ||
| Policyholder benefits and claims incurred, net | (31,544) | (22,618) | ||||||
| Deferred policy acquisition costs, amortization expense | (11,900) | (22,800) | (19,100) | (8,400) | ||||
| Gross profit: | 581,808 | 523,402 | 494,795 | 439,028 | 349,716 | 343,274 | ||
| Operating expenses | (118,397) | (110,699) | (117,490) | (142,303) | (131,610) | (126,621) | ||
| Operating income: | 463,411 | 412,703 | 377,305 | 296,725 | 218,106 | 216,653 | ||
| Nonoperating expense (Other Nonoperating expense) | (723) | (771) | (1,094) | (2,509) | (2,840) | (2,248) | ||
| Interest and debt expense | (36,896) | (32,212) | (32,163) | (31,796) | (24,387) | (12,085) | ||
| Income from continuing operations before equity method investments, income taxes: | 425,792 | 379,720 | 344,048 | 262,420 | 190,879 | 202,320 | ||
| Other undisclosed income from continuing operations before income taxes | 37,619 | 32,983 | 33,257 | 34,305 | 27,227 | 14,333 | ||
| Income from continuing operations before income taxes: | 463,411 | 412,703 | 377,305 | 296,725 | 218,106 | 216,653 | ||
| Income tax expense | (103,305) | (90,593) | (84,403) | (65,595) | (46,540) | (44,696) | ||
| Income from continuing operations: | 360,106 | 322,110 | 292,902 | 231,130 | 171,566 | 171,957 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 231,130 | 171,566 | 171,957 | |
| Net income available to common stockholders, diluted: | 360,106 | 322,110 | 292,902 | 231,130 | 171,566 | 171,957 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 360,106 | 322,110 | 292,902 | 231,130 | 171,566 | 171,957 | ||
| Other comprehensive loss | (3,921) | (17,120) | (54,709) | (13,921) | (9,721) | (8,539) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income: | 356,185 | 304,990 | 238,193 | 217,209 | 161,845 | 163,418 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 19,034 | 81,526 | (151,099) | (38,450) | 46,289 | 40,659 | ||
| Comprehensive income, net of tax, attributable to parent: | 375,219 | 386,516 | 87,094 | 178,759 | 208,134 | 204,077 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.