Nmi Holdings SEC Filings

NMI Holdings, Inc. Executive Vice President and Chief Financial Officer Aurora Swithenbank reported a tax-related share disposition. On May 1, 2026, 9,135 common shares were withheld by NMI Holdings to cover withholding taxes due on the vesting of restricted stock units granted on May 8, 2024. This was a tax-withholding disposition, not an open‑market sale, and Swithenbank directly holds 65,318 common shares afterward, along with footnoted unvested restricted stock units that continue to vest over a three‑year schedule.

NMI Holdings, Inc. reported solid first-quarter 2026 results as its mortgage insurance portfolio continued to grow. Total assets reached $3.91 billion and shareholders' equity was $2.63 billion, reflecting a strong capital position and ongoing profitability.

For the three months ended March 31, 2026, the company generated total revenues of $183.5 million, up from $173.2 million a year earlier, driven mainly by higher net premiums earned and net investment income. Net income was $99.3 million versus $102.6 million in 2025, with diluted EPS steady at $1.28.

Insurance-in-force rose to $222.3 billion of primary IIF and $59.5 billion of primary risk-in-force, supported by $12.3 billion of new insurance written and an annual persistency rate of 82.2%. Credit performance remained stable, with a primary default rate of 1.17% on 684,977 policies in force.

NMI Holdings reported first-quarter 2026 net income of $99.3 million, or $1.28 per diluted share, on total revenue of $183.5 million. Net income rose from $94.2 million in the prior quarter but eased from $102.6 million a year earlier, while diluted EPS matched last year.

Primary insurance-in-force grew to $222.3 billion, up from $221.4 billion at December 31, 2025 and $211.3 billion a year ago, reflecting continued portfolio expansion. The loss ratio increased to 13.3% from 3.0% a year earlier, but the combined ratio remained low at 33.1%, supporting an annualized return on equity of 15.2%. Book value per share excluding net unrealized investment gains and losses was $35.46, up 3% sequentially and 15% year over year.

NMI Holdings Inc — Vanguard Capital Management reported beneficial ownership of 4,010,885 shares of Common Stock, representing 5.26% of the class, with the reporting period dated 03/31/2026. The filer discloses sole voting power over 580,432 shares and sole dispositive power over 4,010,885 shares. The filing states these holdings include securities held for Vanguard-managed funds and other managed accounts and notes no single other person holds >5% of the class.

NMI Holdings Inc ownership disclosure: The Vanguard Group amended its Schedule 13G to report zero shares beneficially owned of NMI Holdings Inc common stock and 0% of the class. The amendment explains an internal realignment that disaggregated certain subsidiaries and business divisions for separate reporting purposes.

NMI Holdings, Inc. filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The company reported $221.4 billion of primary insured IIF and $59.3 billion of primary RIF as of December 31, 2025, and $48.9 billion of new insurance written in 2025. Management reported a PMIERs sufficiency ratio in which available assets exceeded required assets by 70%. The Form 10-K discloses 76,032,627 shares outstanding as of February 6, 2026 and an aggregate market value of common stock held by non-affiliates of $2,710,628,478 as of June 30, 2025. The company had 225 employees as of year-end and describes its primary businesses: mortgage insurance written by NMIC and related loan review services provided by NMIS. The filing details regulatory oversight, reinsurance programs, underwriting and rescission relief practices, and investments in technology including the Rate GPS® pricing platform.

NMI Holdings, Inc. is asking stockholders to vote at its 2026 virtual annual meeting on May 14, 2026. Investors will elect nine directors, cast a nonbinding advisory vote on executive compensation and ratify BDO USA, P.C. as independent auditor.

The proxy highlights strong 2025 performance, including $49 billion of new insurance written, a record $221 billion of primary insurance in-force, record GAAP net income of $389 million (up 8% year over year) and a 16.2% return on equity. Shares traded up 11% in 2025.

The Board emphasizes governance practices such as an independent Lead Director, fully independent key committees, stock ownership requirements and a focus on performance-based pay using cash incentives, RSUs and performance-based RSUs to align management with long-term stockholder value.

NMI Holdings, Inc. Executive Chairman Bradley M. Shuster exercised stock options to acquire 55,156 common shares at an exercise price of $11.10 per share. As part of this cashless exercise, 36,203 shares were withheld to cover the exercise and related tax obligations, so these were not sold into the market.

Shuster then sold 18,953 common shares in open-market transactions at a weighted average price of $37.3467, with individual sales ranging from $36.8850 to $37.6100. After these transactions, he holds 415,411 shares directly, plus 47,150 shares indirectly through the Shuster Family Trust.

NMIH reported a Form 144 notice registering 18,593 shares of Common Stock for sale by an issuer-directed stock option exercise on 03/24/2026. The filing lists prior dispositions by the reporting person over the past three months, showing multiple cash sales on various dates. The filing indicates cash as the settlement method.