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NMI Holdings Inc. NMIH Products & Services — Year 5

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AGOFinancial Guarantee Insurance Product Line — 2051-2055
$134M-2.2%
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AGOFinancial Guarantee Insurance Product Line — 2025 (April 1 - June 30)
$10M-88.2%
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AGOFinancial Guarantee Insurance Product Line — 2025 (January 1 - March 31)
$2.5M-97.1%
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AGOFinancial Guarantee Insurance Product Line — 2026 (October 1 - December 31)
$87M+19.2%
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AGOFinancial Guarantee Insurance Product Line — 2025 (July 1 - September 30)
$10M-88.1%
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AGOFinancial Guarantee Insurance Product Line — 2031-2035
$1.03B+11.7%

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearFive.

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 5?
NMI Holdings Inc. (NMIH) reported products & services — year 5 of 6% in Q4 2025.
How has NMI Holdings Inc.'s products & services — year 5 changed year-over-year?
NMI Holdings Inc.'s products & services — year 5 decreased by 0.0% year-over-year, from 6% to 6%.
What does products & services — year 5 mean?
This metric captures the financial results of the mortgage insurance product line in the fifth year, serving as a mid-term performance benchmark. It allows for the evaluation of long-term underwriting profitability and the effectiveness of risk management strategies over a multi-year horizon. This is critical for understanding the segment's contribution to overall corporate earnings stability.