NMI Holdings, Inc. (NMIH)

NMI Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	593.28	564.69	510.77	475.27	444.29	397.17
Total Interest & Dividend Income	98.13	85.32	67.51	46.41	38.07	31.9
Gain (Loss) on Sale of Investments	-0.02	0.02	-0.03	0.48	0.73	0.93
Other Revenue	0.83	0.94	0.76	1.19	1.98	3.28
Total Revenue	692.21	650.97	579	523.35	485.07	433.28
Revenue Growth (YoY)	8.86%	12.43%	10.63%	7.89%	11.95%	14.39%
Policy Benefits	53.73	31.54	22.62	-3.59	12.31	59.25
Policy Acquisition & Underwriting Costs	98.02	96.49	91.79	100.07	136.17	129.31
Selling, General & Administrative	2.1	2.1	2	2	2.3	2.3
Other Operating Expenses	0.57	0.72	0.77	1.09	2.51	2.84
Total Operating Expenses	174.23	150.66	134.09	114.99	153.29	193.7
Operating Income	517.98	500.31	444.92	408.36	331.78	239.59
Interest Expense	-28.45	-36.9	-32.21	-32.16	-31.8	-24.39
Other Non Operating Income (Expenses)	-	-	-	1.11	0.57	2.91
EBT Excluding Unusual Items	489.53	463.41	412.7	377.31	300.55	218.11
Other Unusual Items	-	-	-	-	-3.83	-
Pretax Income	489.53	463.41	412.7	377.31	296.73	218.11
Income Tax Expense	108.65	103.31	90.59	84.4	65.6	46.54
Net Income	380.88	360.11	322.11	292.9	231.13	171.57
Net Income to Common	380.88	360.11	322.11	292.9	231.13	171.57
Net Income Growth	6.58%	11.80%	9.97%	26.73%	34.72%	-0.23%
Shares Outstanding (Basic)	78	80	82	85	86	78
Shares Outstanding (Diluted)	80	81	84	86	87	79
Shares Change (YoY)	-2.62%	-3.08%	-2.49%	-1.02%	9.62%	13.69%
EPS (Basic)	4.87	4.51	3.91	3.45	2.70	2.20
EPS (Diluted)	4.79	4.43	3.84	3.39	2.65	2.13
EPS Growth	9.56%	15.37%	13.18%	27.86%	24.71%	-13.85%
Free Cash Flow	386.85	386.7	333.31	302.82	313.48	240.44
Free Cash Flow Per Share	4.86	4.76	3.98	3.52	3.61	3.03
Operating Margin	74.83%	76.85%	76.84%	78.03%	68.40%	55.30%
Profit Margin	55.02%	55.32%	55.63%	55.97%	47.65%	39.60%
Free Cash Flow Margin	55.89%	59.40%	57.57%	57.86%	64.63%	55.49%
EBITDA	529.51	512.24	456.46	420.23	343.02	249.52
EBITDA Margin	76.50%	78.69%	78.83%	80.30%	70.71%	57.59%
D&A For EBITDA	11.53	11.94	11.54	11.87	11.23	9.93
EBIT	517.98	500.31	444.92	408.36	331.78	239.59
EBIT Margin	74.83%	76.85%	76.84%	78.03%	68.40%	55.30%
Effective Tax Rate	22.20%	22.29%	21.95%	22.37%	22.11%	21.34%
Revenue as Reported	692.21	650.97	579	523.35	485.07	433.28

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q