NMI Holdings, Inc. (NMIH) Latest Filing Signal

Based on earningsVibe SuperAnalyst™ synthesis of the latest 10-K, NMI Holdings, Inc.'s filing signal continuing positive.

NMI Holdings, Inc. provides private mortgage insurance (MI) through its wholly-owned subsidiaries, NMIC and Re One, primarily protecting lenders and investors against default-related losses on residential mortgage loans. Licensed in all 50 states and D.C., NMIC is approved by Fannie Mae and Freddie Mac (GSEs) and adheres to their Private Mortgage Insurer Eligibility Requirements (PMIERs). The company utilizes a proprietary risk-based pricing platform, Rate GPS(R), to dynamically evaluate and price policies based on a granular set of risk attributes. NMI Holdings also offers outsourced loan review services through its subsidiary, NMIS, and manages its risk through a comprehensive enterprise risk management framework and third-party reinsurance arrangements. As of December 31, 2025, the company had issued master policies to 2,193 customers and maintained $221.4 billion of primary insurance-in-force (IIF).

Revenue is primarily driven by premiums earned on mortgage insurance policies. Net premiums earned are influenced by new insurance written (NIW), persistency rates, premium payment types (single, monthly, annual), and the impact of reinsurance arrangements.