NMI Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $123.8m $182.7m $275.0m $378.8m $433.3m $485.1m $523.3m $579.0m $651.0m $706.4m
Revenues:
Additional Financial Items
Other Income $233k $2.9m $3.3m $2.0m $1.2m $756k $944k $859k
Goodwill, Impairment Loss $0 $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $11.5m $52.8m $136.0m $216.7m $218.1m $296.7m $377.3m $412.7m $463.4m $499.8m
Policyholder Benefits and Claims Incurred, Net $22.6m $31.5m $57.6m
Premiums Earned, Net $110.5m $165.7m $251.2m $345.0m $397.2m $444.3m $475.3m $510.8m $564.7m $602.2m
Net Investment Income $13.8m $16.3m $23.5m $30.9m $31.9m $38.1m $46.4m $67.5m $85.3m $102.9m
Gain (Loss) on Investments $57k $45k $930k $729k $481k ($33k) $23k $432k
Investment Income, Net $13.8m $16.3m $23.5m $30.9m $31.9m $38.1m $46.4m $67.5m $85.3m $102.9m
Net Income (Loss) Attributable to Parent $65.8m $22.1m $107.9m $172.0m $171.6m $231.1m $292.9m $322.1m $360.1m $388.9m
Net Income (Loss) Available to Common Stockholders, Basic $65.8m $22.1m $107.9m $172.0m $171.6m $231.1m $292.9m $322.1m $360.1m $388.9m
Earnings Per Share, Basic $1.11 $0.37 $1.66 $2.54 $2.20 $2.70 $3.45 $3.91 $4.51 $5.01
Earnings Per Share, Diluted $1.08 $0.35 $1.60 $2.47 $2.13 $2.65 $3.39 $3.84 $4.43 $4.92
Weighted Average Number of Shares Outstanding, Basic 59.1m 59.8m 65.0m 67.6m 78.0m 85.6m 84.9m 82.4m 79.8m 77.6m
Weighted Average Number of Shares Outstanding, Diluted 60.8m 62.2m 67.7m 69.7m 79.3m 86.9m 86.0m 83.9m 81.3m 79.0m
Expenses
Other Nonoperating Income (Expense) ($16.7m) ($17.6m) ($16.4m)
Deferred Policy Acquisition Costs, Amortization Expense $400k $5.8m $8.1m $8.4m $19.1m $22.8m $11.9m $3.6m $7.1m $7.7m
Interest Expense $14.8m $13.5m $15.0m $12.1m $24.4m $31.8m $32.2m $32.2m $36.9m $28.5m
Other Cost and Expense, Operating $93.2m $107.0m $117.2m $126.6m $131.6m $142.3m $117.5m $110.7m $118.4m $119.9m
Interest Expense (non-operating) $36.9m $28.5m
Costs and Expenses $95.6m $112.3m $122.7m $162.1m $215.2m $188.3m $146.0m $166.3m $187.6m $206.6m
Current Income Tax Expense (Benefit) $360k $778k $1.7m ($386k) $34k $85k $10k $0 $22.6m $39.1m
Interest Expense, Debt $14.8m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $2.4m $5.3m $5.5m $12.5m $59.2m $12.3m ($3.6m) $21.9m $31.5m $56.8m
Operating Lease, Expense $2.2m $2.3m $2.3m $2.0m $2.0m $2.1m $2.1m
Income Tax Expense (Benefit) ($54.4m) $30.7m $28.0m $44.7m $46.5m $65.6m $84.4m $90.6m $103.3m $110.9m