NMI Holdings, Inc. (NMIH) Financial Statements (2026 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)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Noncurrent Assets
Operating lease, right-of-use asset 6,7008,2009,10010,4002,6004,600
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization21,72725,68130,25231,93032,04729,665
Intangible asset, including goodwill, after accumulated amortization, including:3,6343,6343,6343,6343,6343,634
Goodwill 3,2443,2443,2443,2443,2443,244
Other undisclosed intangible asset, including goodwill, after accumulated amortization390390390390390390
Total noncurrent assets:32,06137,51542,98645,96438,28137,899
Other undisclosed assets3,809,0373,312,4582,897,5212,470,0662,412,3002,128,767
TOTAL ASSETS:3,841,0983,349,9732,940,5072,516,0302,450,5812,166,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt478,890386,192301,573193,859164,175112,586
Deferred income tax liabilities478,890386,192301,573193,859164,175112,586
Total noncurrent liabilities:478,890386,192301,573193,859164,175112,586
Other undisclosed liabilities770,222746,349712,930708,444720,620684,489
Total liabilities:1,249,1121,132,5411,014,503902,303884,795797,075
Equity
Equity, attributable to parent, including:2,591,9862,217,4321,926,0041,613,7271,565,7861,369,591
Treasury stock, value(351,772)(246,594)(148,921)(56,575)  
Additional paid in capital1,016,7721,004,692990,816972,717955,302937,872
Accumulated other comprehensive income (loss)(46,083)(124,804)(139,917)(204,323)1,48553,856
Retained earnings1,972,1851,583,2591,223,153901,043608,141377,011
Other undisclosed equity, attributable to parent884879873865858852
Total equity:2,591,9862,217,4321,926,0041,613,7271,565,7861,369,591
TOTAL LIABILITIES AND EQUITY:3,841,0983,349,9732,940,5072,516,0302,450,5812,166,666

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues706,440650,971579,003523,345485,072433,283
Premiums earned, net602,212564,688510,768475,266444,294397,172
Net investment income102,93785,31667,51246,40638,07231,897
Cost of revenue(86,728)(69,163)(55,601)(28,550)(46,044)(83,567)
Policyholder benefits and claims incurred, net(57,649)(31,544)(22,618)   
Deferred policy acquisition costs, amortization expense    (11,900)(22,800)(19,100)
Gross profit:619,712581,808523,402494,795439,028349,716
Operating expenses(119,908)(118,397)(110,699)(117,490)(142,303)(131,610)
Operating income:499,804463,411412,703377,305296,725218,106
Nonoperating expense
(Other Nonoperating expense)		(601)(723)(771)(1,094)(2,509)(2,840)
Interest and debt expense(28,478)(36,896)(32,212)(32,163)(31,796)(24,387)
Income from continuing operations before equity method investments, income taxes:470,725425,792379,720344,048262,420190,879
Other undisclosed income from continuing operations before income taxes29,07937,61932,98333,25734,30527,227
Income from continuing operations before income taxes:499,804463,411412,703377,305296,725218,106
Income tax expense(110,878)(103,305)(90,593)(84,403)(65,595)(46,540)
Income from continuing operations:388,926360,106322,110292,902231,130171,566
Income before gain (loss) on sale of properties:✕✕✕✕✕231,130171,566
Net income available to common stockholders, diluted:388,926360,106322,110292,902231,130171,566

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:388,926360,106322,110292,902231,130171,566
Other comprehensive income (loss)78,721(3,921)(17,120)(54,709)(13,921)(9,721)
Other undisclosed comprehensive income      
Comprehensive income:467,647356,185304,990238,193217,209161,845
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 19,03481,526(151,099)(38,450)46,289
Comprehensive income, net of tax, attributable to parent:467,647375,219386,51687,094178,759208,134

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.

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