NMI Holdings Inc
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-source… Read more
NMI Holdings Inc (NMIH) - Net Assets
Latest net assets as of December 2025: $2.59 Trillion USD
Based on the latest financial reports, NMI Holdings Inc (NMIH) has net assets worth $2.59 Trillion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.84 Trillion) and total liabilities ($1.25 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.59 Trillion |
| % of Total Assets | 67.48% |
| Annual Growth Rate | N/A |
| 5-Year Change | -65925.25% |
| 10-Year Change | -260972.21% |
| Growth Volatility | 14995.19 |
NMI Holdings Inc - Net Assets Trend (2011–2025)
This chart illustrates how NMI Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NMI Holdings Inc (2011–2025)
The table below shows the annual net assets of NMI Holdings Inc from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-1.25 Trillion | -56258.25% |
| 2024-12-31 | $2.22 Billion | +15.13% |
| 2023-12-31 | $1.93 Billion | +19.35% |
| 2022-12-31 | $1.61 Billion | -14.70% |
| 2021-12-31 | $1.89 Billion | +13.91% |
| 2020-12-31 | $1.66 Billion | +42.84% |
| 2019-12-31 | $1.16 Billion | +65.74% |
| 2018-12-31 | $701.50 Million | +37.80% |
| 2017-12-31 | $509.08 Million | +6.65% |
| 2016-12-31 | $477.35 Million | +18.53% |
| 2015-12-31 | $402.73 Million | -5.67% |
| 2014-12-31 | $426.96 Million | -7.83% |
| 2013-12-31 | $463.22 Million | -8.18% |
| 2012-12-31 | $504.46 Million | +37500.21% |
| 2011-12-31 | $-1.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NMI Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 197353382500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.97 Billion | 76.09% |
| Common Stock | $884.00K | 0.03% |
| Other Comprehensive Income | $-46.08 Million | -1.78% |
| Other Components | $665.00 Million | 25.66% |
| Total Equity | $2.59 Billion | 100.00% |
NMI Holdings Inc Competitors by Market Cap
The table below lists competitors of NMI Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baytex Energy Corp
NYSE:BTE
|
$2.79 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
$2.80 Billion |
|
Centre Testing Intl Shenzhen
SHE:300012
|
$2.80 Billion |
|
Liberty Global Ltd.
F:3O41
|
$2.80 Billion |
|
Pilbara Minerals Limited
PINK:PILBF
|
$2.78 Billion |
|
D'Ieteren Group SA
PINK:SIEVF
|
$2.78 Billion |
|
Danieli & C Officine Meccaniche SpA
LSE:0APM
|
$2.78 Billion |
|
JBS S.A
SA:JBSS3
|
$2.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NMI Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,217,432,000 to 2,591,986,000, a change of 374,554,000 (16.9%).
- Net income of 388,926,000 contributed positively to equity growth.
- Share repurchases of 105,099,000 reduced equity.
- Other comprehensive income increased equity by 78,721,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $388.93 Million | +15.0% |
| Share Repurchases | $105.10 Million | -4.05% |
| Other Comprehensive Income | $78.72 Million | +3.04% |
| Other Changes | $12.01 Million | +0.46% |
| Total Change | $- | 16.89% |
Book Value vs Market Value Analysis
This analysis compares NMI Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $-0.02 | $37.28 | x |
| 2012-12-31 | $12.89 | $37.28 | x |
| 2013-12-31 | $8.27 | $37.28 | x |
| 2014-12-31 | $7.33 | $37.28 | x |
| 2015-12-31 | $6.86 | $37.28 | x |
| 2016-12-31 | $7.85 | $37.28 | x |
| 2017-12-31 | $8.19 | $37.28 | x |
| 2018-12-31 | $10.37 | $37.28 | x |
| 2019-12-31 | $13.34 | $37.28 | x |
| 2020-12-31 | $17.28 | $37.28 | x |
| 2021-12-31 | $18.02 | $37.28 | x |
| 2022-12-31 | $18.76 | $37.28 | x |
| 2023-12-31 | $22.97 | $37.28 | x |
| 2024-12-31 | $27.28 | $37.28 | x |
| 2025-12-31 | $32.79 | $37.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NMI Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.12%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.48x
- Recent ROE (15.00%) is above the historical average (7.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.21 Million |
| 2012 | -5.62% | -9679.93% | 0.00x | 1.11x | $-76.37 Million |
| 2013 | -11.91% | -992.52% | 0.01x | 1.04x | $-101.51 Million |
| 2014 | -11.45% | -220.22% | 0.05x | 1.09x | $-91.60 Million |
| 2015 | -6.90% | -50.07% | 0.08x | 1.64x | $-68.07 Million |
| 2016 | 13.41% | 52.50% | 0.14x | 1.76x | $16.27 Million |
| 2017 | 4.33% | 12.34% | 0.20x | 1.76x | $-28.86 Million |
| 2018 | 15.39% | 39.44% | 0.25x | 1.56x | $37.78 Million |
| 2019 | 18.48% | 46.46% | 0.27x | 1.47x | $78.92 Million |
| 2020 | 12.53% | 39.33% | 0.20x | 1.58x | $34.61 Million |
| 2021 | 14.76% | 47.59% | 0.20x | 1.57x | $74.55 Million |
| 2022 | 18.15% | 55.85% | 0.21x | 1.56x | $131.53 Million |
| 2023 | 16.72% | 55.63% | 0.20x | 1.54x | $129.51 Million |
| 2024 | 16.24% | 55.32% | 0.19x | 1.51x | $138.36 Million |
| 2025 | 15.00% | 55.12% | 0.18x | 1.48x | $129.73 Million |
Industry Comparison
This section compares NMI Holdings Inc's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $2,519,148,457
- Average return on equity (ROE) among peers: 4.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NMI Holdings Inc (NMIH) | $2.59 Trillion | 0.00% | 0.48x | $2.79 Billion |
| ACMAT Corporation (ACMT) | $31.30 Million | 2.22% | 0.84x | $2.73 Million |
| Enact Holdings Inc (ACT) | $4.10 Billion | 17.17% | 0.40x | $1.08 Billion |
| Assured Guaranty Ltd (AGO) | $6.55 Billion | 7.95% | 1.08x | $3.63 Billion |
| Ambac Financial Group Inc (AMBC) | $2.28 Billion | -142.47% | 9.34x | $343.48 Million |
| AMERISAFE Inc (AMSF) | $158.78 Million | 23.53% | 5.26x | $612.22 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.87 Billion | 10.94% | 2.41x | $7.39 Billion |
| Beazley plc (BZLYF) | $1.50 Billion | 8.67% | 4.04x | $6.37 Billion |
| Employers Holdings Inc (EIG) | $144.61 Million | 95.15% | 20.40x | $756.69 Million |
| Essent Group Ltd (ESNT) | $4.46 Billion | 18.63% | 0.28x | $5.40 Billion |
| First Acceptance Corp (FACO) | $92.90 Million | -1.32% | 2.47x | $134.82 Million |