NMIH Income Statement - NMI Holdings Inc - Alpha Spread

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Price: 38.73 USD -0.36% Market Closed

Market Cap: $2.9B

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Gross Premiums Earned	110.8m	166.3m	251.4m	347.9m	400.5m	446.3m	476.5m	511.5m	565.6m	603.1m
Revenue	123.8m	182.7m	275m	378.8m	433.3m	485.1m	523.3m	579m	651m	706.4m
Operating Expenses	(95.6m)	(112.3m)	(122.7m)	(141.4m)	(193.7m)	(157.1m)	(115m)	(134.1m)	(150.7m)	(178.2m)
Benefits, Claims & Loss Adjustment	(95.6m)	(112.3m)	(122.7m)	(139.1m)	(190.9m)	(154.6m)	(113.9m)	(133.3m)	(149.9m)	(177.6m)
Other Operating Expenses	—	—	—	(2.2m)	(2.8m)	(2.5m)	(1.1m)	(771k)	(723k)	(601k)
Operating Income	28.2m	70.4m	152.3m	237.4m	239.6m	328m	408.4m	444.9m	500.3m	528.3m
Net Interest Income (Expense)	(16.7m)	(17.6m)	(16.4m)	(20.7m)	(21.5m)	(31.2m)	(31.1m)	(32.2m)	(36.9m)	(28.5m)
Interest Expense	14.8m	13.5m	15m	12.1m	24.4m	31.8m	32.2m	32.2m	36.9m	28.5m
Pre-Tax Income	11.5m	52.8m	136m	216.7m	218.1m	296.7m	377.3m	412.7m	463.4m	499.8m
Tax Provision	52.5m	(17.1m)	(28m)	(44.7m)	(46.5m)	(65.6m)	(84.4m)	(90.6m)	(103.3m)	(110.9m)
Income from Continuing Operations	64m	35.7m	107.9m	172m	171.6m	231.1m	292.9m	322.1m	360.1m	388.9m
Net Income	64m	22.1m	107.9m	172m	171.6m	231.1m	292.9m	322.1m	360.1m	388.9m
EPS (Diluted)	1.05	0.35	1.60	2.47	2.16	2.66	3.41	3.84	4.43	4.92

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