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NMI Holdings Inc. NMIH Reserve for insurance claims

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Segments

By product

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Financial Guarantee Insurance Product Line$196.43M+29.2%

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:LiabilityForClaimsAndClaimsAdjustmentExpense.

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
AssetsMarch 31, 2026 / (In Thousands, except for share data)December 31, 2025 / (In Thousands, except for share data)
Debt$417,522$417,031
Unearned premiums43,68046,660
Accounts payable and accrued expenses104,835101,595
Reserve for insurance claims and claim expenses211,204196,429
Deferred tax liability, net491,879478,890
Other liabilities8,0868,507
Total liabilities1,277,2061,249,112
Commitments and contingencies

Item 1. Financial Statements

FAQ

What is NMI Holdings Inc.'s reserve for insurance claims?
NMI Holdings Inc. (NMIH) reported reserve for insurance claims of $211.2M in Q1 2026.
How has NMI Holdings Inc.'s reserve for insurance claims changed year-over-year?
NMI Holdings Inc.'s reserve for insurance claims increased by 39.1% year-over-year, from $151.85M to $211.2M.
What is the long-term trend for NMI Holdings Inc.'s reserve for insurance claims?
Over 5 years (2020 to 2025), NMI Holdings Inc.'s reserve for insurance claims has grown at a 16.7% compound annual growth rate (CAGR), from $90.57M to $196.43M.
What does reserve for insurance claims mean?
This represents the estimated liability for insurance claims that have been reported but not yet paid, as well as claims that have been incurred but not yet reported. It is a critical measure of the company's long-term financial health and the accuracy of its actuarial underwriting assumptions. Adequate reserving is essential to ensure the company can meet its future obligations to policyholders.

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