NMIH at a glance
NMI Holdings, Inc. (NMIH, SEC CIK 1547903) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 30, 2026 and Form 4 insider filings as recently as September 15, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NMI Holdings, Inc. (NMIH) reported revenue of $706.4 million (up 8.5% from FY2024) and net income of $388.9 million. Diluted EPS was $4.92.
- The most recent insider open-market sale reported on Form 4 was by Pollitzer Adam on September 4, 2026 of 172,706 shares at $44.85 per share.
- In the last 90 days, NMIH insiders reported 0 open-market purchases ($0) and 3 open-market sales ($8.8M) on Form 4, a net sale of $8.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $706.4M
- +8.5% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$8.8M
- Latest 8-K
- Jul 30, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Private mortgage insurance provider focused on managing risk and capital in residential mortgage market
- Regulatory focus: Increased emphasis on CFPB RESPA enforcement risk and impact of ATR/QM rule changes on mortgage origination market size
- Strategic risk shift: Basel IV capital rules potentially reducing mortgage insurance capital benefits for large banks, possibly lowering mortgage insurance demand
- Financial metric: $417 million total debt as of Dec 31, 2025, with $101 million in dividends capacity from insurance subsidiary under regulatory limits
- Noteworthy fact: Proposed U.S. Basel IV alignment may eliminate capital relief for mortgage insurance on loans with LTV>80%, a significant regulatory development in 2026 filing
Risk Factors
- Regulatory risk: Wisconsin Office of the Commissioner of Insurance (OCI) primary regulator for NMIC, impacting licensing and insurance operations
- Macroeconomic risk: Persistent inflation and elevated interest rates could reduce new insurance written (NIW) volume, increasing default claims
- Operational risk: Proprietary Rate GPS® platform crucial for risk-based pricing; any disruption may impair underwriting and profitability
- Competitive risk: Market share expansion challenged by alternative mortgage credit enhancement structures and government MI programs
- Financial risk: Increasing default rate to 1.12% in 2025 from 0.81% in 2023 could pressure loss reserves and capital adequacy
AI summary of the NMIH 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Net premiums earned $157.5M, up 6% YoY from $149.1M
- NIW $16.1B, up 29% YoY from $12.5B, driven by monthly premium business
- Primary IIF $227.1B vs $214.7B YoY; RIF $60.8B vs $57.5B
- Default rate 1.16% vs 1.00% YoY; persistency 81.4% vs 84.1%
- Headwinds: persistent inflation, elevated interest rates, weak consumer confidence and increasing jobless claims
Risk Factors
- Risk Factors section not provided in the submitted filing text
- No new, changed, regulatory, operational, competitive, market, or financial risks identifiable from the excerpt
AI summary of the NMIH 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results for quarter ended June 30, 2026
- Press release issued July 30, 2026 and furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Record Q2 net income $105.8M and diluted EPS $1.38, up from $96.2M and $1.21 year over year
- Insurance-in-force reached $227.1B, up 6% year over year, while new insurance written rose 29% to $16.1B
Item 5.07: Submission of Matters to a Vote of Security Holders
- Annual meeting held May 14, 2026, with 90.64% of outstanding shares present for quorum
- All nine director nominees elected, with Renu Agrawal receiving the strongest support at 66,044,494 votes
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 financial results for quarter ended March 31, 2026 announced April 30, 2026
- Detailed results furnished in Exhibit 99.1, requiring review for earnings, profitability, and operating trends
Item EX-99.1: Item EX-99.1
- Q1 2026 net income $99.3M, or $1.28 diluted EPS, up from $94.2M and $1.20 sequentially
- Insurance-in-force reached $222.3B, up 5% year over year, supporting premium growth and recurring earnings
AI summaries of NMIH 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NMIH
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- Fund moves. Which tracked funds opened, added or cut NMIH, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Realmuto Nicholas Daniel | F | Sep 13, 2026 | 302 | - |
| Pollitzer Adam | M | Sep 4, 2026 | 25,426 | - |
| Pollitzer Adam | Sell | Sep 4, 2026 | 172,706 | $44.85 |
| Pollitzer Adam | M | Sep 4, 2026 | 19,435 | $16.00 |
| Pollitzer Adam | M | Sep 4, 2026 | 19,435 | - |
| Pollitzer Adam | M | Sep 4, 2026 | 16,264 | - |
| Pollitzer Adam | M | Sep 4, 2026 | 16,264 | $18.70 |
| Pollitzer Adam | M | Sep 4, 2026 | 25,426 | $22.19 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $579.0M | $651.0M | $706.4M |
| Net Income | $322.1M | $360.1M | $388.9M |
| Net Margin | 55.6% | 55.3% | 55.1% |
| Balance Sheet | |||
| Total Assets | $2.9B | $3.3B | $3.8B |
| Equity | $1.9B | $2.2B | $2.6B |
| ROE | 16.7% | 16.2% | 15.0% |
| Per Share | |||
| EPS | - | $4.43 | $4.92 |
| Cash Flow | |||
| Operating CF | $342.7M | $393.6M | $419.3M |
| CapEx | $9.4M | $6.9M | $6.8M |
Source: XBRL data in NMI Holdings, Inc. (NMIH)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
NMIH filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | May 20, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 15, 2026 | - | Analysis | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 4, 2026 | - | - | - |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 30, 2026 | - | Analysis | - |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Mar 25, 2026 | - | - | - |
| 4 | Mar 19, 2026 | - | - | - |
| 4 | Mar 17, 2026 | - | - | - |
| 4 | Mar 12, 2026 | - | - | - |
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NMIH SEC filings: frequently asked questions
Are NMIH insiders buying or selling?
In the last 90 days, NMI Holdings, Inc. (NMIH) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $8.8 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
What was NMIH's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NMI Holdings, Inc. (NMIH) reported revenue of $706.4 million (up 8.5% from FY2024) and net income of $388.9 million. Diluted EPS was $4.92. The figures come from the XBRL data in the 10-K.
What are the main risks in NMIH's latest 10-K?
In the 10-K filed February 12, 2026, NMI Holdings, Inc. (NMIH) flagged: Regulatory risk: Wisconsin Office of the Commissioner of Insurance (OCI) primary regulator for NMIC, impacting licensing and insurance operations. Macroeconomic risk: Persistent inflation and elevated interest rates could reduce new insurance written (NIW) volume, increasing default claims. (AI summary of the Risk Factors section.)
What did NMIH report in its latest 8-K?
NMI Holdings, Inc. (NMIH) filed an 8-K on July 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 financial results for quarter ended June 30, 2026.
What are the latest NMIH SEC filings?
NMI Holdings, Inc. (NMIH) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 30, 2026 and a Form 4 insider filing on September 15, 2026.
What is NMIH's SEC CIK number?
NMI Holdings, Inc. (NMIH)'s SEC Central Index Key (CIK) is 1547903. EDGAR lists every NMIH filing under that number.
Ask anything about NMIH
The research agent reads NMIH's filings, financials, insider trades and 13F holders, then answers with sources.