NMI Holdings, Inc.(NMIH)— Stock Profile, AI Score & Financials
Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
NMI Holdings, Inc. (NMIH) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores NMIH at 64.4/100 on a 32-signal composite quality model, placing it at rank #549 of 2,960 stocks — the top 25% of the AI-ranked universe. NMIH scores in the top quartile across profitability (97.8), free cash flow (97.3), balance sheet strength (86.2). Areas of concern include institutional flow (38.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 33.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), NMI Holdings, Inc. reports quarterly revenue of $187.9M, net income of $105.8M, an operating margin of 72.9%. Top institutional holders of NMIH by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, STATE STREET, based on the most recent SEC filings. NMIH trades on the Nasdaq exchange and files with the SEC under CIK 1547903. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NMIH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NMI Holdings, Inc. directly from SEC EDGAR.
AI Quality Score
64.4/100
AI Rank
#549
Revenue
$187.9M
Net Income
$105.8M
Free Cash Flow
$140.2M
Operating Margin
72.9%
NMIH key financials by period
NMI Holdings, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$706.4M
$388.9M
70.8%
FY 2024
10-K
$651.0M
$360.1M
71.2%
FY 2023
10-K
$579.0M
$322.1M
71.3%
FY 2022
10-K
$523.3M
$292.9M
72.1%
FY 2021
10-K
$485.1M
$231.1M
61.2%
FY 2020
10-K
$433.3M
$171.6M
50.3%
Institutions holding NMIH
Institutional investors reporting a position in NMI Holdings, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
NMIH grew Q2 FY2026 total revenue 8% YoY to $187.9M and net income 10% to $105.8M as NIW rose 29% and the combined ratio improved to 27.7%, even as claims severity climbed to 89% from 82%.
Biggest Revenue Drivers
Net premiums earned$157.5M+6% YoY
Growth in monthly IIF and direct monthly pay premium receipts, partially offset by a reduction in single premium policy contribution.
Net investment income$30.3M+22% YoY
Growth in the size of the total invested asset base and an increase in portfolio book yield from reinvestment at higher rates.
Biggest Revenue Drivers
Total revenue: $187.9M+8% YoY
Net premiums earned$157.5M+6% YoY
Growth in monthly IIF and direct monthly pay premium receipts, partially offset by a reduction in single premium policy contribution.
Net investment income$30.3M+22% YoY
Growth in the size of the total invested asset base and an increase in portfolio book yield from reinvestment at higher rates.
Increase in technology expenses and employee compensation, partially offset by higher ceding commissions received under QSR Transactions and lower depreciation/amortization.
Insurance claims and claim expenses$13.1M-2% YoY
New defaulted loan reserves and aging case reserves were offset by the release of reserves from cure activity and favorable loss development trends.
Interest expense$7.1Mflat YoY
Carrying costs of the 2024 Notes and 2024 Revolving Credit Facility, essentially unchanged period over period.
Margins: Combined ratio improved to 27.7% from 28.8% YoY as the loss ratio fell to 8.3% (from 9.0%) and the expense ratio fell to 19.4% (from 19.8%), reflecting premium growth outpacing claims and operating expense growth.
Watch Items from the Filing
Claims severity rose to 89% in Q2 2026 from 82% in Q2 2025, driven by a higher proportion of claims on more recently originated loans with less accumulated home equity.
Annual persistency fell to 81.4% at June 30, 2026 from 84.1% a year earlier, meaning a larger share of in-force policies (the base for monthly premium revenue) is running off.
Loans in default rose to 8,020 (1.16% default rate) from 7,661 (1.12%) YoY, and gross claims reserves increased to $214.6M from $196.4M.
NMIC paid a $101.0M dividend to NMIH on June 3, 2026, using its full ordinary dividend capacity under Wisconsin law for the twelve months ending December 31, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
