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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  19485710356
Cash and cash equivalents  19485710356
Total current assets:  19485710356
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment2625232015129
Long-term investments and receivables  84135117179276
Long-term investments  84135117179276
Intangible assets, net (including goodwill), including:4444444
Goodwill333333 
Other undisclosed intangible assets, net (including goodwill)0000004
Total noncurrent assets:3628110159136194289
Other undisclosed assets1,3291,064765635469166137
TOTAL ASSETS:1,3651,092895842662463481
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt56      
Deferred income tax liabilities56
Total noncurrent liabilities:56      
Other undisclosed liabilities3783913863642603618
Total liabilities:4343913863642603618
Stockholders' equity
Stockholders' equity attributable to parent, including:930702509477403427463
Additional paid in capital707682585577570563554
Accumulated other comprehensive income (loss)17(15)(3)(5)(7)(4)(7)
Retained earnings (accumulated deficit)20533(74)(95)(161)(133)(84)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:930702509477403427463
TOTAL LIABILITIES AND EQUITY:1,3651,092895842662463481

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues37927518312454226
Premiums earned, net345251
Net investment income31241614765
Financial services revenue16611046132
Cost of revenue(35)(8)(6)(2)(3) (61)
Deferred policy acquisition costs, amortization expense(8)(8)(6)(0)(3) 0
Gross profit:3432671771215122(55)
Operating expenses(127)(117)(107)(93)(81)(75) 
Other operating income (expense), net
(Other Expenses)
     (73)61
Operating income (loss):2171507028(30)(125)6
Nonoperating income (expense)(2)(16)(18)(17)(0)65
Investment income, nonoperating     65
Other nonoperating expense(2)(16)(18)(17)(0)  
Interest and debt expense(12)(15)(14)(15)(2)  
Income (loss) from continuing operations before equity method investments, income taxes:20211839(3)(32)(120)10
Other undisclosed income from continuing operations before income taxes14181415468 
Income (loss) from continuing operations before income taxes:2171365311(28)(51)10
Income tax expense (benefit)(45)(28)(31)54 2 
Net income (loss):1721082266(28)(49)10
Other undisclosed net loss attributable to parent      (66)
Net income (loss) available to common stockholders, diluted:1721082266(28)(49)(55)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1721082266(28)(49)10
Other comprehensive income (loss)(9)3(1)  (2) 
Comprehensive income (loss):1631112166(28)(51)10
Other undisclosed comprehensive income (loss), net of tax, attributable to parent41(16)42(4)6(73)
Comprehensive income (loss), net of tax, attributable to parent:204962468(32)(45)(62)

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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