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NMI Holdings Inc. NMIH Reinsurance recoverables

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Segments

By product

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Financial Guarantee Insurance Product Line$38.58M+19.6%

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$3.36B+10.3%
P/E8.7×+0.6×
P/S4.7×+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:ReinsuranceRecoverablesOnPaidAndUnpaidLosses.

The source filing: NMI Holdings Inc.’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 5:37 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001547903-26-000029
Line itemFor the three months ended March 31, 2026For the three months ended March 31, 2025
Claims and claim expenses paid:
Current year (2)
Prior years (3)8,6824,076
Reinsurance terminations (4)(1,670)(255)
Total claims and claim expenses paid7,0123,821
Reserve at end of period, net of reinsurance recoverables171,501120,468
Add reinsurance recoverables (1)39,70331,379
Ending balance$211,204$151,847

Item 1. Financial Statements

FAQ

What is NMI Holdings Inc.'s reinsurance recoverables?
NMI Holdings Inc. (NMIH) reported reinsurance recoverables of $39.7M in Q1 2026.
How has NMI Holdings Inc.'s reinsurance recoverables changed year-over-year?
NMI Holdings Inc.'s reinsurance recoverables increased by 26.5% year-over-year, from $31.38M to $39.7M.
What is the long-term trend for NMI Holdings Inc.'s reinsurance recoverables?
Over 5 years (2020 to 2025), NMI Holdings Inc.'s reinsurance recoverables has grown at a 17.0% compound annual growth rate (CAGR), from $17.61M to $38.58M.

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