NMI Holdings, Inc. (NMIH)

NMI Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	554.11	510.77	475.27	444.29	397.17	345.02
Total Interest & Dividend Income	80.85	67.51	46.41	38.07	31.9	30.86
Gain (Loss) on Sale of Investments	-0.01	-0.03	0.48	0.73	0.93	0.05
Other Revenue	0.9	0.76	1.19	1.98	3.28	2.86
Total Revenue	635.85	579	523.35	485.07	433.28	378.77
Revenue Growth (YoY)	13.40%	10.64%	7.89%	11.95%	14.39%	37.72%
Policy Benefits	22.52	22.62	-3.59	12.31	59.25	12.51
Policy Acquisition & Underwriting Costs	115.02	108.7	115.49	136.17	129.31	124.42
Selling, General & Administrative	2	2	2	2.3	2.3	2.2
Other Operating Expenses	0.72	0.77	1.09	2.51	2.84	2.25
Total Operating Expenses	140.27	134.09	114.99	153.29	193.7	141.38
Operating Income	495.58	444.92	408.36	331.78	239.59	237.4
Interest Expense	-37.86	-32.21	-32.16	-31.8	-24.39	-12.09
Other Non Operating Income (Expenses)	-	-	1.11	0.57	2.91	-8.66
EBT Excluding Unusual Items	457.72	412.7	377.31	300.55	218.11	216.65
Other Unusual Items	-	-	-	-3.83	-	-
Pretax Income	457.72	412.7	377.31	296.73	218.11	216.65
Income Tax Expense	100.37	90.59	84.4	65.6	46.54	44.7
Net Income	357.35	322.11	292.9	231.13	171.57	171.96
Net Income to Common	357.35	322.11	292.9	231.13	171.57	171.96
Net Income Growth	14.67%	9.97%	26.73%	34.72%	-0.23%	59.33%
Shares Outstanding (Basic)	80	82	85	86	78	68
Shares Outstanding (Diluted)	82	84	86	87	79	70
Shares Change (YoY)	-3.05%	-2.49%	-1.02%	9.62%	13.69%	3.06%
EPS (Basic)	4.45	3.91	3.45	2.70	2.20	2.54
EPS (Diluted)	4.37	3.84	3.39	2.65	2.13	2.47
EPS Growth	18.41%	13.18%	27.86%	24.71%	-13.85%	54.37%
Free Cash Flow	380.92	333.31	302.82	313.48	240.44	198.19
Free Cash Flow Per Share	4.66	3.97	3.52	3.61	3.03	2.84
Operating Margin	77.94%	76.84%	78.03%	68.40%	55.30%	62.68%
Profit Margin	56.20%	55.63%	55.97%	47.65%	39.60%	45.40%
Free Cash Flow Margin	59.91%	57.57%	57.86%	64.63%	55.49%	52.33%
EBITDA	507.57	456.46	420.23	343.02	249.52	246.69
EBITDA Margin	79.83%	78.83%	80.30%	70.71%	57.59%	65.13%
D&A For EBITDA	12	11.54	11.87	11.23	9.93	9.3
EBIT	495.58	444.92	408.36	331.78	239.59	237.4
EBIT Margin	77.94%	76.84%	78.03%	68.40%	55.30%	62.67%
Effective Tax Rate	21.93%	21.95%	22.37%	22.11%	21.34%	20.63%
Revenue as Reported	635.85	579	523.35	485.07	433.28	378.77

Source: S&P Capital IQ. Insurance template. Financial Sources.