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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	585.3	564.69	510.77	475.27	444.29	397.17
Total Interest & Dividend Income	93.83	85.32	67.51	46.41	38.07	31.9
Gain (Loss) on Sale of Investments	-0.35	0.02	-0.03	0.48	0.73	0.93
Other Revenue	0.85	0.94	0.76	1.19	1.98	3.28
Total Revenue	679.62	650.97	579	523.35	485.07	433.28
Revenue Growth (YoY)	9.99%	12.43%	10.63%	7.89%	11.95%	14.39%
Policy Benefits	45.5	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	0.62	0.72	0.77	1.09	2.51	2.84
Total Operating Expenses	166.05	150.66	134.09	114.99	153.29	193.7
Operating Income	513.57	500.31	444.92	408.36	331.78	239.59
Interest Expense	-28.4	-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	485.17	463.41	412.7	377.31	300.55	218.11
Other Unusual Items	-	-	-	-	-3.83	-
Pretax Income	485.17	463.41	412.7	377.31	296.73	218.11
Income Tax Expense	107.49	103.31	90.59	84.4	65.6	46.54
Net Income	377.69	360.11	322.11	292.9	231.13	171.57
Net Income to Common	377.69	360.11	322.11	292.9	231.13	171.57
Net Income Growth	8.38%	11.80%	9.97%	26.73%	34.72%	-0.23%
Shares Outstanding (Basic)	79	80	82	85	86	78
Shares Outstanding (Diluted)	80	81	84	86	87	79
Shares Change (YoY)	-2.73%	-3.08%	-2.49%	-1.02%	9.62%	13.69%
EPS (Basic)	4.80	4.51	3.91	3.45	2.70	2.20
EPS (Diluted)	4.71	4.43	3.84	3.39	2.65	2.13
EPS Growth	11.30%	15.37%	13.18%	27.86%	24.71%	-13.85%
Free Cash Flow	387.52	386.7	333.31	302.82	313.48	240.44
Free Cash Flow Per Share	4.83	4.76	3.98	3.52	3.61	3.03
Operating Margin	75.57%	76.85%	76.84%	78.03%	68.40%	55.30%
Profit Margin	55.57%	55.32%	55.63%	55.97%	47.65%	39.60%
Free Cash Flow Margin	57.02%	59.40%	57.57%	57.86%	64.63%	55.49%
EBITDA	525.24	512.24	456.46	420.23	343.02	249.52
EBITDA Margin	77.28%	78.69%	78.83%	80.30%	70.71%	57.59%
D&A For EBITDA	11.67	11.94	11.54	11.87	11.23	9.93
EBIT	513.57	500.31	444.92	408.36	331.78	239.59
EBIT Margin	75.57%	76.85%	76.84%	78.03%	68.40%	55.30%
Effective Tax Rate	22.15%	22.29%	21.95%	22.37%	22.11%	21.34%
Revenue as Reported	679.62	650.97	579	523.35	485.07	433.28

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q