NMI Holdings, Inc. (NMIH)

NMI Holdings Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	3,159	3,050	2,641	2,347	1,925	2,075
Other Investments	84.95	86.62	82.62	23.81	174.08	11.02
Total Investments	3,243	3,137	2,724	2,371	2,099	2,086
Cash & Equivalents	72.33	43.94	54.22	95.35	42.25	73.48
Reinsurance Recoverable	44.38	38.58	32.26	27.51	21.59	20.32
Other Receivables	132.46	113.51	105.19	96.24	83.82	72.26
Deferred Policy Acquisition Cost	64.4	64.37	64.33	62.91	58.56	59.58
Property, Plant & Equipment	21.2	28.43	33.88	39.35	42.33	34.65
Goodwill	-	3.24	3.24	3.24	3.24	3.24
Other Intangible Assets	3.63	0.39	0.39	0.39	0.39	0.39
Restricted Cash	-	-	0.09	1.34	2.18	3.17
Other Current Assets	400.26	400.26	322.18	235.29	154.41	89.24
Long-Term Deferred Charges	1.4	1.8	2.3	0.8	1.2	-
Other Long-Term Assets	18.72	9.56	8.36	7.07	6.67	8.32
Total Assets	4,002	3,841	3,350	2,941	2,516	2,451

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	93.25	92	87.56	83.69	72.08	69.5
Accrued Expenses	3.3	9.6	15.6	2.5	2.5	2.5
Unpaid Claims	234.24	196.43	152.07	123.97	99.84	103.55
Unearned Premiums	39.78	46.66	65.22	92.3	123.04	139.24
Reinsurance Payable	-	-	-	-	2.67	5.6
Current Portion of Leases	-	2.21	-	-	-	-
Long-Term Debt	418.53	417.03	415.15	397.6	396.05	394.62
Long-Term Leases	7.63	6.3	10.3	11.4	12.1	2.9
Long-Term Deferred Tax Liabilities	502.84	478.89	386.19	301.57	193.86	164.18
Other Long-Term Liabilities	-	-	0.45	1.48	0.17	2.71
Total Liabilities	1,300	1,249	1,133	1,015	902.3	884.8

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.89	0.88	0.88	0.87	0.87	0.86
Additional Paid-In Capital	1,019	1,017	1,005	990.82	972.72	955.3
Retained Earnings	2,271	1,972	1,583	1,223	901.04	608.14
Treasury Stock	-438.56	-351.77	-246.59	-148.92	-56.58	-
Comprehensive Income & Other	-149.87	-46.08	-124.8	-139.92	-204.32	1.49
Shareholders' Equity	2,703	2,592	2,217	1,926	1,614	1,566
Total Liabilities & Equity	4,002	3,841	3,350	2,941	2,516	2,451

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	74.56	76.03	78.45	80.88	83.66	85.84
Total Common Shares Outstanding	74.81	76.29	78.6	80.88	83.55	85.79
Total Debt	426.16	425.54	425.45	409	408.15	397.52
Net Cash (Debt)	-353.84	-381.6	-371.23	-313.64	-365.9	-324.04
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.59	-4.83	-4.57	-3.74	-4.25	-3.73
Book Value Per Share	36.13	33.98	28.21	23.81	19.31	18.25
Tangible Book Value	2,699	2,588	2,214	1,922	1,610	1,562
Tangible Book Value Per Share	36.08	33.93	28.17	23.77	19.27	18.21
Machinery	-	11.2	10.49	11.41	10.73	9.65
Leasehold Improvements	-	2.51	2.51	2.51	2.51	3.4

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

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