NMI Holdings/$NMIH
1D1W1MYTD1Y5YMAX
Capital at risk
About NMI Holdings
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.
- Ticker
- $NMIH
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- 225
- Headquarters
- EmeryVille, United States
- Website
- www.nationalmi.com
NMI Holdings Metrics
BasicAdvanced
$3.2B
8.47
$5.08
0.54
-
Price and volume
Market cap
$3.2B
Beta
0.54
52-week high
$46.74
52-week low
$34.84
Average daily volume
460K
Financial strength
Current ratio
1.778
Quick ratio
0.448
Long term debt to equity
0.158
Total debt to equity
0.158
Interest coverage (TTM)
18.79%
Profitability
EBITDA (TTM)
545.693
Gross margin (TTM)
76.38%
Net profit margin (TTM)
54.10%
Operating margin (TTM)
73.24%
Effective tax rate (TTM)
21.98%
Revenue per employee (TTM)
$3,250,000
Management effectiveness
Return on assets (TTM)
8.82%
Return on equity (TTM)
15.43%
Valuation
Price to earnings (TTM)
8.469
Price to revenue (TTM)
4.502
Price to book
1.2
Price to tangible book (TTM)
1.2
Price to free cash flow (TTM)
7.451
Free cash flow yield (TTM)
13.42%
Free cash flow per share (TTM)
5.771
Growth
Revenue change (TTM)
7.53%
Earnings per share change (TTM)
7.85%
3-year revenue growth (CAGR)
10.40%
10-year revenue growth (CAGR)
23.97%
3-year earnings per share growth (CAGR)
12.24%
10-year earnings per share growth (CAGR)
38.49%
What the Analysts think about NMI Holdings
Analyst ratings (Buy, Hold, Sell) for NMI Holdings stock.
Analyst projections of the future price of NMI Holdings stock.
Bulls say / Bears say
NMIH delivered record second-quarter results: revenue rose to $187.9 million, adjusted net income to $106 million and primary insurance in force to $227.1 billion. New insurance written also reached $16 billion, giving the company a growing base of future premium income. (Last10K)
The balance sheet leaves room for both growth and shareholder returns. NMIH reported $1.6 billion of excess available assets under PMIERs and repurchased $31.4 million of stock during the second quarter. (Yahoo Finance, Last10K)
Credit performance remains supportive of underwriting profits: the second-quarter loss ratio was 8.3% and management said it had not seen early-payment defaults or other signs of strain in 2026 production. Pricing discipline, individual risk selection and reinsurance also help limit the balance-sheet risk from new business. (The Motley Fool, Last10K)
Management expects the default population to rise in the second half as normal seasonal effects return and the portfolio seasons. It also sees emerging housing pressure in Florida, Texas, parts of the Sun Belt, the Mountain West and some West Coast markets. (The Motley Fool)
Recent conference comments pointed to a tougher mortgage-origination backdrop, which could slow new insurance written and the growth of NMIH’s premium base. That would matter even if credit losses remain controlled. (TipRanks)
NMIH is highly exposed to the housing and employment cycle: a recession or fall in home prices could lift defaults and claim severity. Changes to Fannie Mae, Freddie Mac or housing policy could also reduce the use of private mortgage insurance or restrict growth. (Last10K)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
NMI Holdings Financial Performance
Revenues and expenses
NMI Holdings Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing NMI Holdings
AllUSDGBPEUR
Fund name | Fund size | $NMIH weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.19% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.19% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.13% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.13% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.11% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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