What is NMI Holdings Inc.'s products & services — year 3?

NMI Holdings Inc. (NMIH) reported products & services — year 3 of 29% in Q4 2025.

How has NMI Holdings Inc.'s products & services — year 3 changed year-over-year?

NMI Holdings Inc.'s products & services — year 3 decreased by 0.0% year-over-year, from 29% to 29%.

What does products & services — year 3 mean?

This metric tracks the financial contribution of the mortgage insurance product line in the third year of the analysis. It serves as a key indicator of the sustainability and scaling of the company's primary underwriting business. Investors use this to assess the momentum of the product line as it matures within the competitive mortgage guaranty market.

NMI Holdings Inc. NMIH Products & Services — Year 3

Similar metrics at other companies

AGOFinancial Guarantee Insurance Product Line — 2026 (July 1 - September 30)

$89M+18.7%

AGOFinancial Guarantee Insurance Product Line — 2031-2035

$1.03B+11.7%

AGOFinancial Guarantee Insurance Product Line — 2030-2034

$128M-87.7%

AGOFinancial Guarantee Insurance Product Line — 2026 (October 1 - December 31)

$87M+19.2%

AGOFinancial Guarantee Insurance Product Line — 2025 (July 1 - September 30)

$10M-88.1%

AGOFinancial Guarantee Insurance Product Line — 2026 (April 1 - June 30)

$91M+19.7%

Other financials

Income statement

See full

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

See full

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

See full

Return on equity15.6%-1.8pp

Debt / equity0×0.0×

Where this comes from

Reported directly by NMI Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

The official record: NMI Holdings Inc.’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NMI Holdings Inc.'s products & services — year 3?: NMI Holdings Inc. (NMIH) reported products & services — year 3 of 29% in Q4 2025.
How has NMI Holdings Inc.'s products & services — year 3 changed year-over-year?: NMI Holdings Inc.'s products & services — year 3 decreased by 0.0% year-over-year, from 29% to 29%.
What does products & services — year 3 mean?: This metric tracks the financial contribution of the mortgage insurance product line in the third year of the analysis. It serves as a key indicator of the sustainability and scaling of the company's primary underwriting business. Investors use this to assess the momentum of the product line as it matures within the competitive mortgage guaranty market.