NMI Holdings Inc. (NMIH)

Nasdaq: NMIH · Surety Insurance · Emeryville, CA · filing with the SEC since 2012

Grade5.3

◀ Past 5.1● Present 5.5▶ Future 5.3

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 12, 2026	Feb 14, 2025	Feb 15, 2024	Feb 15, 2023	Feb 16, 2022	Feb 24, 2021	Feb 14, 2020	Feb 14, 2019	Feb 16, 2018	Feb 17, 2017
Revenue	706,440	650,971	579,003	523,345	485,072	433,283	378,771	275,025	182,743	123,815
For insurers
Premiums earned	602,212	564,688	510,768	475,266	444,294	397,172	345,015	251,197	165,740	110,481
Net investment income	102,937	85,316	67,512	46,406	38,072	31,897	30,856	23,538	16,273	13,751
Benefits, claims and losses	57,649	31,544	22,618	-3,594	12,305	·	·	·	·	·
Total costs and expenses	206,636	187,560	166,300	146,040	188,347	215,177	162,118	139,064^r	129,951^r	95,615
Interest expense	28,478	36,896	32,212	32,163	31,796	24,387	12,085	14,979	13,528	14,848
Interest and investment income	104,248	86,407	68,214	47,720	39,385	33,140	31,332	24,342	17,046	14,503
Other income (expense), net	·	·	·	·	·	·	·	-16,376	-17,633	-16,748
Income before income taxes	499,804	463,411	412,703	377,305	296,725	218,106	216,653	135,961	52,792	11,452
Income tax expense	110,878	103,305	90,593	84,403	65,595	46,540	44,696	28,034	30,742	-52,549^r
Net income	388,926	360,106	322,110	292,902	231,130	171,566	171,957	107,927	22,050	64,001^r
Net income to common shareholders	388,926	360,106	322,110	·	·	·	·	·	·	·
Earnings per share, basic	5.01	4.51	3.91	3.45	2.70	2.20	2.54	1.66	0.37	1.08^r
Earnings per share, diluted	4.92	4.43	3.84	3.39	2.65	2.13	2.47	1.60	0.35	1.05^r
Weighted average shares, basic	77,626	79,844	82,407	84,921	85,620	78,023	67,573	65,019	59,816	59,071^r
Weighted average shares, diluted	79,038	81,273	83,854	85,999	86,885	79,263	69,721	67,652	62,186	60,829^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Net investment income what its investments earnedus-gaap:NetInvestmentIncome

Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
us-gaap:InterestExpenseDebt

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterestAndDividend

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton NMIH · research, not advice