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NMI Holdings Inc

Financial Services US NMIH

35.9USD
-1.02(2.76%)

Last update at 2025-01-06T18:51:00Z

Day Range

35.4136.56
LowHigh

52 Week Range

24.5334.33
LowHigh

Fundamentals

  • Previous Close 36.92
  • Market Cap2603.32M
  • Volume225227
  • P/E Ratio8.09
  • Dividend Yield-%
  • EBITDA475.05M
  • Revenue TTM598.48M
  • Revenue Per Share TTM7.33
  • Gross Profit TTM 411.45M
  • Diluted EPS TTM4.01

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 412.70M 377.31M 296.73M 218.11M 216.65M
Minority interest - - - - -
Net income 322.11M 292.90M 231.13M 171.57M 171.96M
Selling general administrative - 117.49M 142.30M 131.61M 2.25M
Selling and marketing expenses - - - - -
Gross profit 579.00M 524.46M 485.64M 436.19M 370.11M
Reconciled depreciation 11.54M 11.87M 11.23M 9.93M 9.30M
Ebit 0.00000M 398.39M 294.75M 214.82M 213.80M
Ebitda 11.54M 410.26M 305.98M 224.75M 223.10M
Depreciation and amortization 11.54M 11.87M 11.23M 9.93M 9.30M
Non operating income net other - 1.09M -2.50900M 2.84M 2.25M
Operating income 444.92M 398.39M 294.75M 214.82M 213.80M
Other operating expenses 134.09M 147.15M 188.91M 218.08M 153.46M
Interest expense 32.21M 32.16M 31.80M 24.39M 12.09M
Tax provision 90.59M 84.40M 65.59M 46.54M 44.70M
Interest income - - - - 12.09M
Net interest income -32.21200M -32.16300M -31.79600M -24.38700M -12.08500M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 90.59M 84.40M 65.59M 46.54M 44.70M
Total revenue 579.00M 524.46M 485.64M 436.19M 370.11M
Total operating expenses 111.47M 117.49M -190.89000M -221.36800M -156.31600M
Cost of revenue - - 12.30M -59.24700M -12.50700M
Total other income expense net 412.70M -21.08200M 1.98M 3.28M 2.85M
Discontinued operations - - - - -
Net income from continuing ops 322.11M 292.90M 231.13M 171.57M 171.96M
Net income applicable to common shares - 292.90M 231.13M 171.57M 171.96M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 2961.36M 2516.03M 2450.58M 2166.67M 1364.82M
Intangible assets 0.39M 35.56M 35.68M 33.30M 29.73M
Earning assets - - - - -
Other current assets 617.95M 192.32M -1911.12100M -1663.97400M -1184.36300M
Total liab 1035.36M 902.30M 558.80M 505.89M 202.12M
Total stockholder equity 1926.00M 1613.73M 1565.79M 1369.59M 930.42M
Deferred long term liab - 193.86M 164.18M 112.59M 56.36M
Other current liab 10.27M 154.41M 139.24M 61.72M 288.63M
Common stock 0.87M 0.86M 0.86M 0.85M 0.68M
Capital stock 0.87M 0.86M 0.86M 0.85M 0.68M
Retained earnings 1223.15M 901.04M 608.14M 377.01M 205.44M
Other liab - 194.03M 169.78M 124.02M 66.62M
Good will 3.24M 3.24M 3.24M 3.24M 3.24M
Other assets 0.00000M 368.58M -1924.17700M -1676.49900M -1043.73800M
Cash 96.69M 42.25M 73.48M 121.38M 38.43M
Cash and equivalents - - - - -
Total current liabilities 96.46M 228.99M 394.62M 455.02M 288.63M
Current deferred revenue - - - - -
Net debt 312.31M 353.80M 321.14M 271.92M 107.34M
Short term debt - - 394.62M 393.30M -
Short long term debt - - - - -
Short long term debt total 409.00M 396.05M 394.62M 393.30M 145.76M
Other stockholder equity 841.89M 916.14M 955.30M 937.87M 707.00M
Property plant equipment - 31.93M 32.05M 29.66M 26.10M
Total current assets 617.95M 2143.82M 2240.09M 1993.06M 1225.45M
Long term investments 2371.02M 2099.39M 2085.93M 1814.15M 1147.77M
Net tangible assets - 1610.09M 1562.15M 1365.96M 926.79M
Short term investments 189.73M 2099.39M 2085.93M 1804.29M 1140.94M
Net receivables 103.97M 91.27M 80.68M 67.39M 46.09M
Long term debt 397.60M 396.05M 394.62M 401.95M 160.07M
Inventory -437.26100M - - - -
Accounts payable 86.19M 74.58M 181.15M 61.72M 39.90M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -139.91700M -204.32300M 1.49M 53.86M 17.29M
Additional paid in capital - - - - -
Common stock total equity - 0.86M 0.86M 0.85M 0.68M
Preferred stock total equity - - - - -
Retained earnings total equity - 901.04M 608.14M 377.01M 205.44M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -118.95900M -2144.56100M -2134.66800M -1850.11000M -1183.10400M
Deferred long term asset charges - - - - -
Non current assets total 2343.42M 3.63M 2134.67M 1850.11M 1183.10M
Capital lease obligations - - - - -
Long term debt total - 398.73M 400.22M 401.95M 160.07M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -225.58300M -279.21400M -361.94200M 42.24M 230.36M
Change to liabilities - -14.80800M 37.33M 0.25M -18.36300M
Total cashflows from investing activities - -289.78600M -374.18000M -629.55400M -194.35500M
Net borrowings - - -1.10800M 243.21M -1.50000M
Total cash from financing activities -90.42000M -55.82800M -1.83000M 462.80M 2.00M
Change to operating activities - -7.87400M -32.87900M 13.06M -13.65300M
Net income 322.11M 292.90M 231.13M 171.57M 171.96M
Change in cash 52.26M -32.22000M -50.29100M 85.85M 15.79M
Begin period cash flow 44.43M 76.65M 126.94M 41.09M 25.29M
End period cash flow 96.69M 44.43M 76.65M 126.94M 41.09M
Total cash from operating activities 342.68M 313.39M 325.72M 252.60M 208.15M
Issuance of capital stock - 0.00000M 0.00000M 219.69M 220.28M
Depreciation 11.54M 11.87M 11.23M 9.93M 9.30M
Other cashflows from investing activities - - - - -184.39900M
Dividends paid - - - 8.96M 18.25M
Change to inventory - - -16.90800M -18.07200M -3.88800M
Change to account receivables -12.70300M -10.58900M -13.29100M -16.36300M -10.07800M
Sale purchase of stock -91.61300M -56.57500M -5.42600M -8.96100M -18.24800M
Other cashflows from financing activities -9.35600M 0.23M -0.60500M 408.79M 18.25M
Change to netincome - 98.70M 87.63M 54.71M 66.77M
Capital expenditures 9.37M 10.57M 12.24M 12.16M 9.96M
Change receivables - -12.83300M -15.32900M -19.39400M -11.21500M
Cash flows other operating - -70.00900M -28.85800M 27.83M -12.56100M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -32.22000M -50.29100M 85.85M 15.79M
Change in working capital -100.95000M -97.16900M -6.13000M 9.61M -42.09400M
Stock based compensation 16.91M 15.43M 16.68M 11.12M 13.03M
Other non cash items 2.48M 5.97M 7.30M 3.87M 10.88M
Free cash flow 333.31M 302.82M 313.48M 240.44M 198.19M

Peer Comparison

Sector: Financial Services Industry: Insurance - Specialty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
NMIH
NMI Holdings Inc
-1.02 2.76% 35.90 8.09 7.10 4.16 1.25 4.67
FNF
Fidelity National Financial Inc
-0.0313 0.06% 56.79 30.23 12.82 1.21 2.14 1.35
RYAN
Ryan Specialty Group Holdings Inc
-1.45 2.31% 61.31 92.15 24.81 5.63 9.12 3.21
AXS
AXIS Capital Holdings Ltd
-0.36 0.41% 88.37 12.53 7.78 1.27 1.40 1.51
FAF
First American Corporation
-0.06 0.10% 61.38 28.12 9.38 1.06 1.47 1.15

Reports Covered

Stock Research & News

Profile

NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. The company was incorporated in 2011 and is headquartered in Emeryville, California.

NMI Holdings Inc

2100 Powell Street, EmeryVille, CA, United States, 94608

Key Executives

Name Title Year Born
Mr. Bradley Mize Shuster Exec. Chairman 1955
Mr. Adam S. Pollitzer Pres, CEO & Director 1980
Mr. William J. Leatherberry Exec. VP, Chief Legal Officer, Gen. Counsel & Sec. 1971
Mr. Ravi Mallela Exec. VP & CFO 1970
Mr. John M. Swenson VP of Investor Relations & Treasury NA
Mr. Norman P. Fitzgerald Exec. VP & Chief Sales Officer 1967
Ms. Allison Miller Sr. VP & CHRO NA
Mr. Robert Owen Smith Exec. VP & Chief Risk Officer 1970
Mr. Mohammad Yousaf Exec. VP of Operations & IT 1976
Mr. Bradley Mize Shuster Executive Chairman 1955

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