NMI Holdings Inc
NMIH · NASDAQ · Financial Services / Insurance - Specialty
$43-0.52 (-1.19%)
Close Sep 16, 2026 · end-of-day
Market Stats
Previous Close$43.52
Open$43.38
Day Range$42.63 – $43.5
52-Week Range$34.84 – $46.74
Volume599.94K
Market Cap$3.08B
P/E (TTM)8.11
Forward P/E7.70
EPS$5.05
Dividend Yield0.00%
Beta0.53
50-Day Avg$43.95
200-Day Avg$40.2
Price History
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About
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.
Company Details
- Sector
- Financial Services
- Industry
- Insurance - Specialty
- CEO
- Mr. Adam S. Pollitzer
- Employees
- 225
- Headquarters
- 2100 Powell Street, EmeryVille, CA, United States, 94608, USA
- Website
- https://www.nationalmi.com
Leadership
- Mr. Bradley Mize Shuster C.F.A.Executive Chairman · b. 1955
- Mr. Adam S. PollitzerPresident, CEO & Director · b. 1980
- Ms. Aurora Jean SwithenbankExecutive VP & CFO · b. 1976
- Mr. William J. Leatherberry J.D.Executive VP, Chief Administrative Officer General Counsel & Secretary · b. 1971
- Mr. Robert Owen SmithExecutive VP & Chief Risk Officer · b. 1970
- Mr. Mohammad YousafEVP, Chief of Operations & Technology · b. 1976
- Mr. John M. SwensonVice President of Investor Relations & Treasury
- Ms. Lesley AlliSenior VP of Industry Relations & Corporate Communications
- Mr. Norman P. FitzgeraldExecutive VP & Chief Sales Officer · b. 1967
- Ms. Allison MillerSenior VP & CHRO
Financials
Income Statement
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $705.58M | $650.97M | $579.00M | $524.46M | $485.64M | $436.19M | $370.11M | $273.63M | $178.64M | $121.92M | $55.51M | $22.21M | $5.56M | $284.00K | - |
| Cost of Revenue | $57.65M | $32.27M | $23.39M | $-2.50M | $14.81M | $62.09M | $14.76M | $5.72M | $5.96M | $2.39M | $650.00K | $456.00K | $1.00K | $23.94M | - |
| Gross Profit | $647.93M | $618.70M | $555.61M | $526.96M | $470.82M | $374.10M | $355.36M | $267.91M | $172.68M | $119.52M | $54.86M | $21.75M | $5.56M | $284.00K | - |
| Operating Income | $499.80M | $463.41M | $412.70M | $377.31M | $296.73M | $218.11M | $216.65M | $135.96M | $52.79M | $11.45M | $-27.79M | $-51.29M | $-55.18M | $-27.49M | $-1.35M |
| EBITDA | $539.54M | $512.24M | $456.46M | $421.34M | $339.75M | $252.42M | $238.04M | $158.75M | $72.98M | $31.96M | $-20.88M | $-43.21M | $-47.07M | $-25.86M | $-1.35M |
| Net Income | $388.93M | $360.11M | $322.11M | $292.90M | $231.13M | $171.57M | $171.96M | $107.93M | $22.05M | $64.00M | $-27.79M | $-48.91M | $-55.18M | $-27.49M | $-1.35M |
| R&D | - | - | - | - | - | - | - | $0 | $0 | $0 | $0 | $0 | $0 | - | - |
| Interest Expense | $28.48M | $36.90M | $32.21M | $32.16M | $31.80M | $24.39M | $12.09M | $14.98M | $13.53M | $14.85M | $2.06M | $0 | $0 | $1.63M | $3.73K |
Balance Sheet
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.84B | $3.35B | $2.96B | $2.52B | $2.45B | $2.17B | $1.36B | $1.09B | $894.85M | $841.74M | $662.45M | $463.26M | $481.22M | $542.77M | $209.76K |
| Total Liabilities | $1.25B | $1.13B | $1.04B | $902.30M | $558.80M | $505.89M | $202.12M | $390.54M | $385.77M | $364.39M | $259.72M | $36.31M | $18.00M | $38.30M | $1.56M |
| Total Equity | $2.59B | $2.22B | $1.93B | $1.61B | $1.89B | $1.66B | $1.16B | $701.50M | $509.08M | $477.35M | $402.73M | $426.96M | $463.22M | $488.75M | $-1.35M |
| Cash | $43.94M | $54.22M | $96.69M | $42.25M | $73.48M | $121.38M | $38.43M | $23.88M | $19.20M | $47.75M | $57.32M | $103.02M | $55.93M | $485.86M | $1 |
| Total Debt | $417.03M | $415.15M | $409.00M | $396.05M | $402.80M | $404.56M | $164.11M | $146.76M | $321.87M | $319.34M | $143.94M | - | - | - | $205.32K |
| Net Debt | $373.09M | $360.93M | $312.31M | $353.80M | $321.14M | $271.92M | $107.34M | $122.88M | $124.69M | $96.61M | $86.62M | $-103.02M | $-55.93M | $-485.86M | $205.32K |
Cash Flow
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $419.30M | $393.60M | $342.68M | $313.39M | $325.72M | $252.60M | $208.15M | $145.86M | $67.76M | $71.94M | $41.46M | $-21.00M | $-36.31M | $-14.60M |
| Investing Cash Flow | $-316.47M | $-339.29M | $-200.00M | $-289.79M | $-374.18M | $-629.55M | $-194.35M | $-220.65M | $-93.07M | $-79.79M | $-230.16M | $68.08M | $-419.95M | $-9.81M |
| Financing Cash Flow | $-113.20M | $-96.70M | $-90.42M | $-55.83M | $-1.83M | $462.80M | $2.00M | $80.89M | $-3.24M | $-1.72M | $143.00M | $14.00K | $26.33M | $510.26M |
| Capital Expenditure | $6.78M | $6.91M | $9.37M | $10.57M | $12.24M | $12.16M | $9.96M | $8.06M | $8.51M | $11.47M | $6.13M | $8.22M | $6.69M | $2.45M |
| Free Cash Flow | $412.52M | $386.70M | $333.31M | $302.82M | $313.48M | $240.44M | $198.19M | $137.80M | $59.25M | $60.47M | $35.33M | $-29.22M | $-43.00M | $-17.04M |
| Dividends Paid | - | - | - | - | - | $8.96M | $18.25M | - | $0 | $0 | $0 | $0 | $0 | - |
Earnings
| Report Date | Nov 3, 2026 | Jul 30, 2026 | Apr 30, 2026 | Feb 10, 2026 | Nov 4, 2025 | Jul 29, 2025 | Apr 29, 2025 | Feb 6, 2025 | Nov 6, 2024 | Jul 30, 2024 | Apr 30, 2024 | Feb 14, 2024 | Nov 1, 2023 | Aug 1, 2023 | May 2, 2023 | Feb 14, 2023 | Nov 1, 2022 | Aug 2, 2022 | May 5, 2022 | Feb 15, 2022 | Nov 2, 2021 | Aug 3, 2021 | May 5, 2021 | Feb 16, 2021 | Nov 5, 2020 | Aug 6, 2020 | May 6, 2020 | Feb 11, 2020 | Nov 6, 2019 | Jul 31, 2019 | May 1, 2019 | Feb 12, 2019 | Oct 30, 2018 | Aug 1, 2018 | May 1, 2018 | Feb 15, 2018 | Nov 1, 2017 | Aug 1, 2017 | May 4, 2017 | Feb 15, 2017 | Nov 1, 2016 | Aug 2, 2016 | Apr 26, 2016 | Feb 18, 2016 | Oct 27, 2015 | Aug 4, 2015 | May 5, 2015 | Feb 19, 2015 | Nov 6, 2014 | Aug 7, 2014 | May 13, 2014 | Mar 10, 2014 | Nov 27, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS Estimate | $1.30 | $1.28 | $1.23 | $1.19 | $1.21 | $1.19 | $1.12 | $1.12 | $1.13 | $1.05 | $0.99 | $0.96 | $0.92 | $0.85 | $0.83 | $0.84 | $0.81 | $0.76 | $0.74 | $0.71 | $0.71 | $0.64 | $0.60 | $0.51 | $0.35 | $0.38 | $0.67 | $0.71 | $0.62 | $0.55 | $0.52 | $0.46 | $0.41 | $0.35 | $0.31 | $0.20 | $0.14 | $0.11 | $0.13 | $0.13 | $0.07 | $-0.01 | $-0.07 | $-0.08 | $-0.13 | $-0.16 | $-0.18 | $-0.20 | $-0.23 | $-0.24 | $-0.20 | $-0.20 | - |
| EPS Actual | - | $1.38 | $1.28 | $1.20 | $1.21 | $1.22 | $1.28 | $1.07 | $1.15 | $1.20 | $1.08 | $1.01 | $1.00 | $0.95 | $0.88 | $0.86 | $0.90 | $0.86 | $0.77 | $0.73 | $0.71 | $0.67 | $0.62 | $0.59 | $0.47 | $0.40 | $0.75 | $0.75 | $0.71 | $0.59 | $0.56 | $0.46 | $0.46 | $0.40 | $0.34 | $0.22 | $0.20 | $0.10 | $0.09 | $0.12 | $0.10 | $0.03 | $-0.07 | $-0.08 | $-0.08 | $-0.18 | $-0.13 | $-0.17 | $-0.19 | $-0.22 | $-0.26 | $-0.23 | $-0.25 |
| Surprise | - | 7.81% | 4.07% | 0.84% | 0.00% | 2.52% | 14.29% | -4.46% | 1.77% | 14.29% | 9.09% | 5.21% | 8.70% | 11.76% | 6.02% | 2.38% | 11.11% | 13.16% | 4.05% | 2.82% | 0.00% | 4.69% | 3.33% | 15.69% | 34.29% | 5.26% | 11.94% | 5.63% | 14.52% | 7.27% | 7.69% | 0.00% | 12.20% | 14.29% | 9.68% | 10.00% | 42.86% | -9.09% | -30.77% | -7.69% | 42.86% | 400.00% | 0.00% | 0.00% | 38.46% | -12.50% | 27.78% | 15.00% | 17.39% | 8.33% | -30.00% | -15.00% | - |
| Timing | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | Pre-market | After-hours | After-hours | After-hours | Pre-market | After-hours | After-hours | Pre-market | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | - | - |
Key Statistics & Ratios
- Market Cap
- $3.08B
- Enterprise Value
- $3.52B
- Trailing P/E
- 8.11
- Forward P/E
- 7.70
- PEG Ratio
- 1.66
- Price / Sales
- 4.22
- Price / Book
- 1.17
- EPS
- $5.05
- Book Value
- $35.89
- Revenue (TTM)
- $730.78M
- Gross Profit (TTM)
- $558.20M
- EBITDA
- $545.69M
- Profit Margin
- 54.10%
- Operating Margin
- 76.67%
- Return on Equity
- 15.43%
- Return on Assets
- 8.82%
- Shares Outstanding
- 75.22M
- Shares Float
- 73.91M
- Beta
- 0.53
- Dividend Yield
- 0.00%
- Dividend Rate
- $0
- Payout Ratio
- 0.00%
Analyst Ratings
Sell
Based on 7 analystsTarget $49.86
- Strong Buy3
- Buy2
- Hold2
Ownership Breakdown
- Institutions
- 101.45%
- Insiders
- 1.58%
- Retail / Other
- 0.00%
Top Institutional Holders
- BlackRock Inc12.86M17.10%
- Dimensional Fund Advisors, Inc.4.67M6.20%
- Vanguard Capital Management, LLC3.43M4.56%
- State Street Corp3.30M4.39%
- American Century Companies Inc3.05M4.05%
- Vanguard Portfolio Management, LLC3.01M4.00%
- Geode Capital Management, LLC2.01M2.68%
- Van Berkom and Associates Inc1.86M2.47%
- Delaware Management Holdings Inc1.67M2.22%
- Bank of America Corp1.30M1.73%
- The Goldman Sachs Group Inc1.24M1.64%
- FMR Inc1.16M1.54%
- Fuller & Thaler Asset Management Inc1.07M1.42%
- Morgan Stanley - Brokerage Accounts998.86K1.33%
Top Fund Holders
- iShares Core S&P Small-Cap ETF4.63M6.15%
- Vanguard MStar Total Stk Mkt Idx Invest2.42M3.22%
- Avantis US Small Cap Value ETF2.37M3.15%
- iShares Russell 2000 ETF1.99M2.65%
- Nomura Small Cap Core I1.51M2.00%
- FullerThaler Behavioral Sm-Cp Eq R61.26M1.68%