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NMI Holdings Inc. NMIH Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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MGIC Investment Corp.MTG
$7.96M-28.4%
Radian Group logo
Radian GroupRDN
$188.67M+957%
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Arch Capital GroupACGL
$1.77B-0.6%
ESN
Essent GroupESNT
$56.9M+489%
Enact Holdings, Inc. logo
Enact Holdings, Inc.ACT
$22.18M-4.9%
Genworth Financial logo
Genworth FinancialGNW

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:DeferredPolicyAcquisitionCosts.

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 deferred policy acquisition costs?
NMI Holdings Inc. (NMIH) reported deferred policy acquisition costs of $64.33M in Q1 2026.
How has NMI Holdings Inc.'s deferred policy acquisition costs changed year-over-year?
NMI Holdings Inc.'s deferred policy acquisition costs increased by 0.5% year-over-year, from $64.01M to $64.33M.
What is the long-term trend for NMI Holdings Inc.'s deferred policy acquisition costs?
Over 5 years (2020 to 2025), NMI Holdings Inc.'s deferred policy acquisition costs has grown at a 0.7% compound annual growth rate (CAGR), from $62.23M to $64.37M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new insurance contracts, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This metric is critical for understanding the timing of expense recognition relative to premium revenue. It reflects the company's investment in long-term business growth.