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NMI Holdings Inc. NMIH Change in deferred policy acquisition costs

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Other financials

Income statement

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Revenue$183.5M+5.9%
Net income$99.3M-3.1%
EPS (diluted)$1.280.0%

Balance sheet

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Cash & equivalents$70.7M-4.8%
Total debt$8.5M-17.4%
Total equity$2.6B+13.4%
Total assets$3.9B+13.1%

Cash flow

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Operating cash flow$116.1M+14.8%
CapEx$1.1M-35.5%
Free cash flow$115.0M+15.6%

Valuation

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Market cap$2.92B+1.3%
P/E7.6×-0.1×
P/S4.1×-0.2×

Profitability

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Net margin53.8%-2.1pp
FCF margin59.7%+3.3pp

Returns & leverage

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Return on equity15.6%-1.8pp
Debt / equity0.0×

Where this comes from

Reported directly by NMI Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts.

The official record: NMI Holdings Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NMI Holdings Inc.'s change in deferred policy acquisition costs?
NMI Holdings Inc. (NMIH) reported change in deferred policy acquisition costs of -$42K in Q1 2026.
How has NMI Holdings Inc.'s change in deferred policy acquisition costs changed year-over-year?
NMI Holdings Inc.'s change in deferred policy acquisition costs increased by 86.6% year-over-year, from -$314K to -$42K.
What is the long-term trend for NMI Holdings Inc.'s change in deferred policy acquisition costs?
Over 3 years (2021 to 2024), NMI Holdings Inc.'s change in deferred policy acquisition costs has grown at a -18.6% compound annual growth rate (CAGR), from -$2.64M to $1.42M.
What does change in deferred policy acquisition costs mean?
This measures the change in costs directly related to the acquisition of new insurance policies that are capitalized and amortized over the life of the policy. It reflects the company's investment in business growth and the timing of expense recognition relative to premium revenue. A stable or declining balance relative to new business volume may indicate efficient customer acquisition strategies.