NMI Holdings Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	2,520	2,670	2,810	2,177	1,635	1,647
Market Cap Growth	-15.06%	-4.96%	29.05%	33.20%	-0.78%	4.90%
Enterprise Value	2,843	2,922	3,092	2,390	1,900	1,912
PE Ratio	7.61	8.06	8.08	7.47	5.96	8.11
PS Ratio	4.19	4.44	4.47	4.16	3.34	3.86
PB Ratio	1.14	1.21	1.31	1.25	1.08	1.20
P/FCF Ratio	7.17	7.60	7.52	7.22	5.77	5.98
P/OCF Ratio	7.06	7.48	7.39	7.02	5.57	5.75
EV/Sales Ratio	4.74	4.86	4.92	4.56	3.88	4.48
EV/EBITDA Ratio	6.18	6.36	6.25	5.79	4.83	6.34
EV/EBIT Ratio	6.34	6.49	6.40	5.94	4.97	6.55
EV/FCF Ratio	8.09	8.32	8.28	7.92	6.71	6.94
Debt / Equity Ratio	0.16	0.16	0.19	0.21	0.25	0.25
Debt / EBITDA Ratio	0.79	0.79	0.83	0.89	0.97	1.15
Debt / FCF Ratio	1.03	1.03	1.10	1.23	1.35	1.27
Net Debt / Equity Ratio	0.15	0.15	0.17	0.16	0.23	0.21
Net Debt / EBITDA Ratio	0.71	0.71	0.73	0.69	0.87	0.95
Net Debt / FCF Ratio	0.93	0.93	0.96	0.94	1.21	1.03
Quick Ratio	0.63	0.63	0.69	0.65	0.95	0.45
Current Ratio	1.97	1.97	1.86	1.59	1.59	0.84
Asset Turnover	0.20	0.20	0.21	0.21	0.21	0.21
Return on Equity (ROE)	16.17%	16.17%	17.38%	18.20%	18.42%	15.75%
Return on Assets (ROA)	9.18%	9.18%	9.94%	10.19%	10.28%	8.98%
Return on Invested Capital (ROIC)	13.80%	14.52%	15.62%	15.94%	15.91%	13.85%
Earnings Yield	13.15%	12.40%	12.38%	13.38%	16.77%	12.34%
FCF Yield	13.94%	13.16%	13.29%	13.85%	17.34%	16.73%
Buyback Yield / Dilution	2.75%	2.75%	3.08%	2.49%	1.02%	-9.62%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.