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NMI Holdings Inc. NMIH Products & Services — Year 8

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearEight.

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 8?
NMI Holdings Inc. (NMIH) reported products & services — year 8 of 2% in Q4 2025.
How has NMI Holdings Inc.'s products & services — year 8 changed year-over-year?
NMI Holdings Inc.'s products & services — year 8 decreased by 0.0% year-over-year, from 2% to 2%.
What does products & services — year 8 mean?
This metric measures the financial contribution of the mortgage insurance segment during the eighth year of the analysis. It reflects the maturity of the insurance portfolio and the ongoing effectiveness of the company's risk-based pricing models. This data point is vital for evaluating the long-term profitability of the core insurance operations.

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