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NMI Holdings Inc. NMIH Products & Services — Year 10

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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$3.31B+11.5%
P/E8.6×+0.7×
P/S4.6×+0.3×

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTen.

The source filing: NMI Holdings Inc.’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 4:25 PM EST
Fiscal year
FY2025
Accession
0001547903-26-000011
Line itemAverage annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 1Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 2Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 3Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 4Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 5Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 6Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 7Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 8Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 9Average annual percentage payout of incurred claims and allocated claims adjustment expenses by age, net of reinsurance (unaudited) / Year 10
Claims duration disclosure3%30%29%16%6%4%1%2%0%0%

Item 8. Financial Statements and Supplementary Data

FAQ

What is NMI Holdings Inc.'s products & services — year 10?
NMI Holdings Inc. (NMIH) reported products & services — year 10 of 0% in Q4 2025.
What does products & services — year 10 mean?
This metric represents the financial results of the mortgage insurance segment during the tenth year, marking a decade of performance analysis. It provides a comprehensive view of the segment's long-term success, operational efficiency, and contribution to the company's overall financial health. This is essential for benchmarking the company's historical performance against industry peers over a full decade.

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