NMI Holdings, Inc. NMIH 64.37
Financials · NASDAQ · Data as of 2026-07-31
NMI Holdings, Inc. (NMIH) has delivered +19.5% annualized revenue growth, +29.9% earnings growth, and n/a dividend growth over 10 years of data. Ranked #422 of 1968 stocks overall and #80 of 212 in the Financials sector by Steady Score.
About NMI Holdings, Inc.
Company Overview
NMI Holdings, Inc., through National MI, provides private mortgage insurance in the United States. The coverage protects mortgage lenders and investors against a portion of losses when borrowers default, enabling qualified buyers to obtain conventional home loans with down payments below twenty percent. National MI works with banks, credit unions, mortgage originators, and loan servicers, and its insured portfolio consists primarily of individually underwritten residential mortgages.
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Business Model & Revenue
National MI collects recurring or single premiums for insurance written on eligible loans and establishes reserves for expected claims. New insurance written, persistency of existing policies, premium rates, investment income, and claim experience determine earnings. The company uses underwriting standards, credit models, policy terms, and risk-based pricing to manage exposure, while purchasing reinsurance and insurance-linked note coverage to transfer portions of risk and support regulatory capital efficiency.
Key Facts & Market Position
Mortgage insurance demand is tied to home purchases, refinancing, mortgage rates, and the share of borrowers using low down payments. Credit performance depends on employment, home prices, borrower equity, and loan quality. National MI competes with other private insurers and government-backed programs, and is subject to capital standards set by housing agencies, state insurance regulation, lender concentration, catastrophe risk, and uncertainty in housing-finance policy.