NMI Holdings Inc (NMIH) — Tangible Net Worth Ratio
NMI Holdings Inc (NMIH) has a Tangible Net Worth Ratio of 99.9% as of June 2026. This metric is calculated by deducting intangible assets ($3.63 Million) from net assets ($2.71 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of NMI Holdings Inc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
NMI Holdings Inc Tangible Net Worth Ratio (2012–2025)
This chart shows how NMI Holdings Inc's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of June 2026, the ratio stands at 99.9%, reflecting net assets of $2.71 Billion with intangible assets of $3.63 Million USD. For live market cap and overall valuation, see NMI Holdings Inc (NMIH) market capitalisation.
Annual Tangible Net Worth Ratio for NMI Holdings Inc (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for NMI Holdings Inc from 2012 to 2025, covering 14 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore NMIH capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.5% | $2.59 Billion | $64.76 Million | $3.84 Billion | ▲ +0.4 pp |
| 2024 | 97.1% | $2.22 Billion | $64.72 Million | $3.35 Billion | ▼ -2.9 pp |
| 2023 | 100.0% | $1.93 Billion | $390.00K | $2.96 Billion | ▲ +3.6 pp |
| 2022 | 96.3% | $1.61 Billion | $58.95 Million | $2.52 Billion | ▼ -1.8 pp |
| 2021 | 98.1% | $1.89 Billion | $35.68 Million | $2.45 Billion | ▲ +0.1 pp |
| 2020 | 98.0% | $1.66 Billion | $33.30 Million | $2.17 Billion | ▲ +0.6 pp |
| 2019 | 97.4% | $1.16 Billion | $29.73 Million | $1.36 Billion | ▲ +4.2 pp |
| 2018 | 93.3% | $701.50 Million | $47.23 Million | $1.09 Billion | ▼ -1.5 pp |
| 2017 | 94.8% | $509.08 Million | $26.44 Million | $894.85 Million | ▼ -0.2 pp |
| 2016 | 95.0% | $477.35 Million | $24.04 Million | $841.74 Million | ▼ -1.9 pp |
| 2015 | 96.8% | $402.73 Million | $12.76 Million | $662.45 Million | ▼ -2.4 pp |
| 2014 | 99.2% | $426.96 Million | $3.38 Million | $463.26 Million | ▲ +0.0 pp |
| 2013 | 99.2% | $463.22 Million | $3.72 Million | $481.22 Million | ▼ -0.7 pp |
| 2012 | 99.9% | $504.46 Million | $390.00K | $542.77 Million | — |