Latest revenue
$28.6M
as of 2026-03-31
Latest net income
$99.3M
as of 2026-03-31
Net margin
347.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.84B
- Enterprise value
- $2.84B
- P/E (trailing)
- 7.3×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $43.20
- 52-wk low
- $34.84
- Beta
- —
- Shares out
- 76.0M
5-year trend
What this company does
Item 1. Business See the “Glossary of Abbreviations and Acronyms” for descriptions of terms used through this annual report. General We provide mortgage insurance (referred to as mortgage insurance or MI) through our wholly-owned insurance subsidiaries, NMIC and Re One. NMIC and Re One are domiciled in Wisconsin and principally regulated by the Wisconsin OCI. NMIC is our primary insurance subsidiary, and is approved as an MI provider by the GSEs and is licensed to write MI coverage in all 50 states and D.C. Our subsidiary, NMIS, provides outsourced loan review services to mortgage loan originators and our subsidiary, Re One, historically provided reinsurance coverage to NMIC in accordance…
AI summary unavailable — showing raw filing excerpt
Generated from NMIH's filing dated 2026-02-12
Key risks
Item 1A. Risk Factors You should carefully consider the following risk factors, as well as all other information contained in this report, including our consolidated financial statements and the related notes thereto, before deciding to invest in our common stock. The occurrence of any of the following risks could materially and adversely affect our business, prospects, financial condition, operating results and cash flow. In such case, the trading price of our common stock could decline and you could lose some or all of your investment. This report contains forward-looking statements that involve risks and uncertainties. See “Cautionary Note Regarding Forward-Looking Statements” on page 3…
AI summary unavailable — showing raw filing excerpt
Generated from NMIH's filing dated 2026-02-12
Profitability
Net margin
55.1%
0.5%Return on equity
15.0%
7.6%Return on assets
1427.1%
13175.9%Leverage
Debt / equity
-0.99×
293.7%Long-term debt / equity
0.25×
2.6%Debt / assets
-9410.8%
27936.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $28.6M | +20.8% | $99.3M | -3.1% | 347.3% |
Q4 2025 2025-12-31 | $631.0M | +7.3% | $94.2M | +9.3% | 14.9% |
Q3 2025 2025-09-30 | $26.8M | +19.1% | $96.0M | +3.4% | 358.6% |
Q2 2025 2025-06-30 | $24.9M | +20.6% | $96.2M | +4.4% | 385.4% |
Q1 2025 2025-03-31 | $23.7M | +21.9% | $102.6M | +15.2% | 433.0% |
Q4 2024 2024-12-31 | $588.4M | — | $86.2M | — | 14.6% |
Q3 2024 2024-09-30 | $22.5M | +25.9% | $92.8M | +10.5% | 413.0% |
Q2 2024 2024-06-30 | $20.7M | +25.2% | $92.1M | +14.7% | 445.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Surety Insurance · SIC 6351
Your notes
Keep private notes on NMIH — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$11.3M
Net activity
−$11.3M
Distinct insiders
8
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns NMIH
Institutional value
$1.53B
Total shares held
43.3M
Distinct holders
223
-135 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 12.9M | $482.5M | -252.5K (-1.9%) | Trimmed |
| 2 | DIMENSIONAL FUND ADVISORS LP | 4.4M | $163.2M | +34.4K (+0.8%) | Added |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.4M | $128.7M | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.0M | $112.8M | — | New |
| 5 | Capital International Investors | 1.1M | $43.1M | — | New |
| 6 | Walleye Capital LLC | 1.0M | $38.0M | +466.9K (+85.4%) | Added |
| 7 | Nuveen, LLC | 986.4K | $37.0M | -144.9K (-12.8%) | Trimmed |
| 8 | JPMORGAN CHASE & CO | 876.4K | $32.8M | +237.7K (+37.2%) | Added |
| 9 | Allianz Asset Management GmbH | 783.6K | $29.4M | +23.3K (+3.1%) | Added |
| 10 | Assenagon Asset Management S.A. | 726.6K | $27.3M | -281.2K (-27.9%) | Trimmed |
| 11 | Clearbridge Investments, LLC | 705.0K | $26.4M | -69.4K (-9.0%) | Trimmed |
| 12 | Public Sector Pension Investment Board | 680.4K | $25.5M | +104.7K (+18.2%) | Added |
| 13 | Bank of New York Mellon Corp | 498.2K | $18.7M | -22.0K (-4.2%) | Trimmed |
| 14 | VANGUARD FIDUCIARY TRUST CO | 490.9K | $18.4M | — | New |
| 15 | PRINCIPAL FINANCIAL GROUP INC | 474.3K | $17.8M | -5.7K (-1.2%) | Trimmed |
| 16 | Invesco Ltd. | 404.9K | $15.2M | -17.5K (-4.1%) | Trimmed |
| 17 | DEUTSCHE BANK AG\ | 370.0K | $13.9M | -10.7K (-2.8%) | Trimmed |
| 18 | River Road Asset Management, LLC | 370.0K | $13.9M | -333 (-0.1%) | Trimmed |
| 19 | MUHLENKAMP & CO INC | 366.2K | $13.7M | -101.6K (-21.7%) | Trimmed |
| 20 | abrdn plc | 361.5K | $13.6M | +8.3K (+2.4%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once NMIH's latest filing finishes processing.