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NMI Holdings, Inc.

NMIHFinancial ServicesNASDAQ

Insurance - Specialty · Last scanned May 30, 2026

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Financials · Annual
Revenue
$706.4M
+8.5% YoY
Net Income
$388.9M
+8.0% YoY
Free Cash Flow
$313.0M

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About NMI Holdings, Inc.

NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. Valued at $2.73B, NMIH is a mid-cap name in its sector. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators.

Key stats
Market Cap$2.73B
P/E (TTM)7.30
Fwd P/E6.64
EPS$4.92
Beta0.59
52W Change-9.4%
ROE15.6%
Analysis

The company holds $96.1M in cash, though total debt stands at $425.6M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $313.0M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 15.6% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 8.9% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $524.5M (2022) to $706.4M (2025), reflecting a 35% increase over the period.

With a beta below 0.7, NMI Holdings, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence NMI Holdings, Inc.'s trajectory.

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