NMIH · NMI Holdings, Inc.

Track NMIH — free

$45.66 +0.05 (+0.11%) At close · Aug 19

Market Cap

$3.43B

75.22M

Up next

Next earnings call

Nov 2, 2026 Est · unconfirmed · in 11 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Jul 31, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Ask ALVIS about this →

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Low

Market backdrop VIX 14.9 · calm Equity put/call 0.52

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +16%

above

Price vs 50-day avg +9%

above

RSI (14) 68

neutral

MACD trend Negative

52-week position 100%

near high

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Strong

1-month return +10%

trailing

6-month return +15%

trailing

YTD return +12%

this year

Relative strength +3%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $42 › 200d $39 — 50d above 200d

Institutional flow Distributing

-1% holders QoQ · +42 funds added

Insider flow Distributing

Net -$1.1M over 90 days · 100% sells

Short interest Falling

2.43% of float · ▼ -12.0% MoM · 3.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

356 holders — near 3-yr high, broad support

Squeeze score 50

elevated · 0–100

Fundamentals

Excellent

Revenue growth +9%

Y/Y

EPS growth +11%

Y/Y

Free cash flow $412.5M

Valuation P/E 9

below peers

Buyback $166.8M

remaining

Balance sheet $376.9M

net debt

Quant / Vol

risk profile

Low

Volatility 24%

annualized · 1-yr

Max drawdown −15%

past year

ATR 2.1%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Technicals

trend & momentum for long-term holders Buy

1 · 3 · 3

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+16% Bullish

Price vs 50-day avg

+9% Bullish

RSI (14)

68 Neutral

MACD trend

Negative Bearish

52-week position

100% Bullish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Mixed

Trend (MA cross) No cross

50d $42 › 200d $39 — 50d above 200d

Institutional flow Distributing

-1% holders QoQ · +42 funds added

Insider flow Distributing

Net -$1.1M over 90 days · 100% sells

Short interest Falling

2.43% of float · ▼ -12.0% MoM · 3.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

356 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $35 Now $46 · 100% Range high $46

vs 200-day avg +16% vs 50-day avg +9%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted combined ratio non-GAAP	27.7%	Q2 2026	—
Adjusted Diluted EPS non-GAAP	$1.38	Q2 2026	—
Adjusted expense ratio non-GAAP	19.4%	Q2 2026	—
Adjusted Net Income non-GAAP	106M	Q2 2026	—

GAAP → non-GAAP reconciliation GAAP Net income 105.79M +229K Net realized investment losses +48K Income tax expense on adjustments = Adjusted net income 105.97M
Annualized adjusted return on equity non-GAAP	15.9%	Q2 2026	—

Annualized return on equity	15.9%	Q2 2026	—

Average amount paid per claim	$67K	For the six months ended June 30, 2026	—
Average loan size	$327K	As of June 30, 2026	—
Average reserve per default - Case	$24.6K	As of June 30, 2026	—
Average reserve per default - IBNR	$2.2K	As of June 30, 2026	—
Average reserve per default - Total	$26.8K	As of June 30, 2026	—
Book value per share	$35.89	As of June 30, 2026	—

Book value per share (excluding net unrealized gains and losses) non-GAAP	$36.88	As of June 30, 2026	—

Combined ratio	27.7%	Q2 2026	—
Default rate	1.16%	As of June 30, 2026	—
Earnings from cancellations	$0.8M	Q2 2026	—
Ending default inventory	8,020	As of June 30, 2026 (six months ended June 30, 2026)	—
Expense Ratio	19.4%	Q2 2026	—
Insurance-in-force (IIF)	$227.1B	As of June 30, 2026	—
Loans in default (count)	8,020	As of June 30, 2026	—
Loss Ratio	8.3%	Q2 2026	—
Net risk-based required assets	$2.11B	As of June 30, 2026	—

New insurance written (NIW)	$28.31B	Six months ended June 30, 2026	—

New risk written	$4.24B	Q2 2026	—
Number of claims paid	353	For the six months ended June 30, 2026	—
PMIERs Available assets	$3.66B	As of June 30, 2026	—

Policies in force	694,273	As of June 30, 2026	—
Primary Insurance-in-Force	227.1B	Q2 2026	—

Quarterly run-off	5.1%	Q2 2026	—
Risk-in-force (RIF)	$60.83B	As of June 30, 2026	—
Risk-in-force on defaulted loans	$708M	As of June 30, 2026	—
Severity	88%	For the six months ended June 30, 2026	—
Total amount paid for claims	$23.67M	For the six months ended June 30, 2026	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Insurance - Specialty — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
NMIH NMI Holdings, Inc. this stock	$3.43B	+11.9%	+8.5%	9.0	2.4%
FNF Fidelity National Financial, Inc.	$12.99B	-11.3%	+5.6%	—	3.4%
RYAN Ryan Specialty Holdings, Inc.	$10.63B	-18.2%	+21.3%	—	5.2%
FAF First American Financial Corp	$7.46B	+18.5%	+21.6%	10.1	5.8%
AXS Axis Capital Holdings Ltd	$7.43B	-8.0%	+10.2%	7.5	2.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

356

% held: 98.5%
Net QoQ: +59.8K sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

375

View

Short & Settlement

Short Interest Falling

Shares short

1.8M

Days to cover: 3.9d
Change: -250.6K sh

View

Short Volume

Short vol %

64%

As of: Aug 19, 2026

Short Total

View

Fails to Deliver

FTD shares

745

Value: $32.7K
As of: Jul 29, 2026

View

Off-Exchange

Off-exchange %

31.0%

Week of: Jul 13, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$1.1M

Buyers / Sellers: 0 / 2

Buyers Sellers

View

Congressional Trades Sell

Member

Susie Lee

Amount: $1.0K–$15.0K
Traded: Jul 15, 2020

View

Financials

Revenue (FY)

$706.4M

Net income (FY): $388.9M
EPS diluted: $4.92

View

Buybacks

Authorized · 2 programs

$450.0M

Remaining: $166.8M

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Jul 31, 2026
This year: 9

View

Proposed Sales

Value

$519.1K

Shares: 11.7K
Filed: Aug 11, 2026

View

Earnings & Events

Earnings Calls

Last call

Jul 30, 2026

View

Performance

	5D	20D	120D	MTD	YTD
NMIH	+1.7%	+9.5%	+14.8%	+3.1%	+11.9%
SPY	-0.4%	+2.9%	+11.6%	+3.0%	+12.8%
vs SPY	+2.2%	+6.6%	+3.2%	+0.1%	-0.8%

Capital returns

Buyback programs · 2 active · as of Jun 30, 2026

Authorized (total)

$450.00M

Spent (derived)

$283.20M

Remaining

$166.80M

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1547903 CUSIP 629209305 13F (30d) 319 filings 314 filers Visit website Investor relations

NMIH · NMI Holdings, Inc.

Price & Indicators

Up next

AI Brief

Equibles Rating

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns