NMIH NMI Holdings, Inc.

FY2025 10-K
Filed: Feb 12, 2026
Financials
Surety InsuranceSEC EDGAR

NMI Holdings, Inc. (NMIH) filed its fiscal year 2025 10-K annual report with the SEC on Feb 12, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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Financial Summary
XBRL

Revenue

$706M

Net Income

$389M

Net Margin

55.1%

ROE

15.0%

Total Assets

$3.8B

EPS (Diluted)

$4.92

Operating Cash Flow

$419M

Source: XBRL data from NMI Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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