NMI Holdings Inc (NMIH) financial statements (2021 and earlier)

Company profile

Business Address 2100 POWELL STREET, 12TH FLOOR
EMERYVILLE, CA 94608
State of Incorp. DE
Fiscal Year End December 31
SIC 6351 - Surety Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   194857103
Cash and cash equivalents   194857103
Total current assets:   194857103
Noncurrent Assets
Operating lease, right-of-use asset56
Property, plant and equipment30262523201512
Long-term investments and receivables   84135117179
Long-term investments   84135117179
Intangible assets, net (including goodwill), including:4444444
Goodwill3333333
Other undisclosed intangible assets, net (including goodwill)0000000
Total noncurrent assets:383628110159136194
Other undisclosed assets2,1291,3291,064765635469166
TOTAL ASSETS:2,1671,3651,092895842662463
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt11356     
Deferred income tax liabilities11356
Total noncurrent liabilities:11356     
Other undisclosed liabilities68437839138636426036
Total liabilities:79743439138636426036
Stockholders' equity
Stockholders' equity attributable to parent, including:1,370930702509477403427
Additional paid in capital938707682585577570563
Accumulated other comprehensive income (loss)5417(15)(3)(5)(7)(4)
Retained earnings (accumulated deficit)37720533(74)(95)(161)(133)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:1,370930702509477403427
TOTAL LIABILITIES AND EQUITY:2,1671,3651,092895842662463

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4333792751831245422
Premiums earned, net397345251
Net investment income323124161476
Financial services revenue1661104613
Cost of revenue(84)(35)(8)(6)(2)(3) 
Deferred policy acquisition costs, amortization expense(19)(8)(8)(6)(0)(3) 
Gross profit:3503432671771215122
Operating expenses(132)(127)(117)(107)(93)(81)(75)
Other operating expense, net
(Other Expenses)
      (73)
Operating income (loss):2182171507028(30)(125)
Nonoperating income (expense)(3)(2)(16)(18)(17)(0)6
Investment income, nonoperating      6
Other nonoperating expense(3)(2)(16)(18)(17)(0) 
Interest and debt expense(24)(12)(15)(14)(15)(2) 
Income (loss) from continuing operations before equity method investments, income taxes:19120211839(3)(32)(120)
Other undisclosed income from continuing operations before income taxes2714181415468
Income (loss) from continuing operations before income taxes:2182171365311(28)(51)
Income tax expense (benefit)(47)(45)(28)(31)54 2
Net income (loss) available to common stockholders, diluted:1721721082266(28)(49)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1721721082266(28)(49)
Other comprehensive income (loss)(10)(9)3(1)  (2)
Comprehensive income (loss):1621631112166(28)(51)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4641(16)42(4)6
Comprehensive income (loss), net of tax, attributable to parent:208204962468(32)(45)

Statements sources

The financial statements are based on the company's filings with the 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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