Welcome to our dedicated page for Nmi Holdings SEC filings (Ticker: NMIH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NMI Holdings, Inc. (NMIH) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a NASDAQ-listed parent of National Mortgage Insurance Corporation (National MI). As a U.S.-based private mortgage insurer, NMI Holdings uses its SEC reports to present details about its mortgage insurance activities, financial condition, risk factors and governance.
Through this page, users can review current and historical filings such as Form 10-K annual reports and Form 10-Q quarterly reports, which describe net premiums earned, net investment income, insurance claims and claim expenses, underwriting and operating expenses, net income and book value per share. These filings also discuss insurance metrics including primary insurance-in-force and new insurance written, along with loss and expense ratios and other operating information relevant to the company’s mortgage insurance portfolio.
Investors can also see Form 8-K current reports, where NMI Holdings furnishes earnings press releases and other material updates, such as the announcement of quarterly financial results. These 8-K filings often reference conference calls and webcasts and may include exhibits with detailed financial tables and explanations of non-GAAP measures like adjusted net income and adjusted return-on-equity.
Stock Titan enhances this data with AI-powered summaries that highlight key points from lengthy filings, helping users quickly understand the main drivers in NMI Holdings’ results, risk disclosures and capital position. Real-time updates from EDGAR allow investors to track new filings as they are posted, while access to forms related to insider and executive activity, when available, can help users monitor ownership and compensation-related information disclosed by the company.
NMI Holdings, Inc. filed an 8-K announcing that its Board of Directors expanded to ten members and appointed Renu Agrawal as an independent director, effective February 12, 2026. She will serve on the company’s Audit Committee and Risk Committee.
Under the standard non-employee director compensation program, Ms. Agrawal will receive an annual cash retainer of $120,000 for 2026 (prorated) and an annual equity retainer of $170,000 in restricted stock units vesting after one year. She will also receive an additional RSU grant with a grant date fair value of $170,000, vesting in equal installments on the second and third anniversaries of the grant date, and is subject to stock ownership guidelines requiring total share value of at least five times her annual cash retainer.
NMI Holdings, Inc. files its annual report describing a growing, technology-driven private mortgage insurance business. Through subsidiaries NMIC, Re One and NMIS, it insures high loan-to-value U.S. residential mortgages and provides loan review services.
As of December 31, 2025, the company had issued master policies with 2,193 customers and reported $221.4 billion of primary insurance-in-force and $59.3 billion of primary risk-in-force, with $48.9 billion of new insurance written for the year. It employed 225 people and used its proprietary Rate GPS® platform and AXIS system to price and manage risk.
NMI highlights extensive use of quota-share, excess-of-loss and insurance-linked note reinsurance, and states that its PMIERs available assets exceeded GSE-required assets by 70% as of December 31, 2025. The filing also notes significant regulation by state insurance departments and the GSEs, competitive pressure from five other private MIs and government programs, and an extended IT services agreement with Tata Consultancy Services through 2032.
NMI Holdings Executive Chairman Bradley M. Shuster reported routine share withholding transactions related to restricted stock unit vesting. On February 7, 2026, NMIH withheld 6,936 common shares to cover taxes on units granted February 7, 2024. On February 8, 2026, it withheld 6,961 shares tied to units granted February 8, 2023.
Both transactions were coded as tax-withholding (code F) at a share price of $0 because they were net settlements rather than market sales. After these transactions, Shuster holds 395,895 common shares directly, which includes 358,381 common shares and 37,514 unvested restricted stock units, plus 47,150 shares held indirectly through the Shuster Family Trust.
NMI Holdings, Inc. reported that Chief Administrative Officer and General Counsel William J. Leatherberry had company shares withheld to cover taxes on vesting restricted stock units. On February 7, 2026, 4,633 common shares were withheld, and on February 8, 2026, 2,570 common shares were withheld, both at a stated price of $0 per share as they were tax withholdings rather than open-market sales.
After these transactions, he beneficially owned a total of 125,203 common share equivalents, consisting of 101,133 common shares and 24,070 unvested restricted stock units. The footnotes explain that the restricted stock units vest 40% on each of the first two anniversaries of the grant dates and 20% on the third anniversaries.
NMI Holdings, Inc. Chief Executive Officer and director Adam Pollitzer reported share-withholding transactions related to vesting restricted stock units. On February 7, 2026, NMI Holdings withheld 16,665 common shares to cover withholding taxes on RSUs granted on February 7, 2024. On February 8, 2026, it withheld an additional 9,397 common shares tied to RSUs granted on February 8, 2023.
After these transactions, Pollitzer beneficially owned 303,403 common-share equivalents, consisting of 215,048 common shares and 88,355 unvested restricted stock units, all held directly.
NMI Holdings, Inc. reported an insider equity transaction for EVP and Chief Sales Officer Fitzgerald Norman Peter. On February 7, 2026, the company withheld 2,323 common shares and on February 8, 2026 it withheld 1,317 common shares to satisfy tax withholding obligations on previously granted restricted stock units.
These shares were withheld at a reported price of $0 per share, indicating no open-market sale. After the transactions, he directly beneficially owned 33,830 common shares, consisting of 21,711 common shares and 12,119 unvested restricted stock units subject to a 40%/40%/20% vesting schedule on the first, second and third anniversaries of the respective grant dates.
NMI Holdings EVP and Chief Risk Officer Robert Owen Smith reported routine share withholding related to restricted stock unit vesting. On February 7, 2026, 3,383 common shares were withheld to cover taxes for units granted February 7, 2024. On February 8, 2026, 1,964 common shares were withheld to cover taxes for units granted February 8, 2023. After these transactions, he beneficially owned 79,219 common-share equivalents, consisting of 61,417 common shares and 17,802 unvested restricted stock units.
NMI Holdings EVP Yousaf Mohammad Nawaz reported tax‑related share withholdings tied to restricted stock unit vesting. On February 7, 2026, NMI Holdings withheld 1,969 common shares, and on February 8, 2026, it withheld another 1,072 common shares to satisfy withholding taxes on prior RSU grants.
After these transactions, Nawaz beneficially owns 30,660 common shares, consisting of 18,252 common shares and 12,408 unvested restricted stock units, all held directly. The Form 4 shows these as company share withholdings rather than open‑market sales.
NMI Holdings, Inc. reported solid fourth-quarter and full-year 2025 results, highlighted by growth in its insured portfolio and higher earnings. For the quarter ended December 31, 2025, net income was $94.2 million, or $1.20 per diluted share, versus $86.2 million, or $1.07 per diluted share, a year earlier. Full-year 2025 net income reached $388.9 million, or $4.92 per diluted share, up from $360.1 million, or $4.43 per diluted share, in 2024.
Primary insurance-in-force increased to $221.4 billion at year-end 2025 from $210.2 billion a year earlier, driven by quarterly new insurance written of $14.2 billion. Total quarterly revenue rose to $180.7 million, with net premiums earned of $152.5 million and net investment income of $27.5 million. The loss ratio rose to 13.9% and the expense ratio was 20.4%, producing a combined ratio of 34.3%.
Book value per share excluding net unrealized investment gains and losses was $34.58, up 16% from $29.80 a year earlier, and shareholders’ equity reached $2.6 billion. Annualized return on equity for the quarter was 14.8%, and full-year return on equity was 16.2%. The company reported PMIERs available assets of $3.5 billion versus net risk-based required assets of $2.1 billion, indicating a sizable capital buffer.
NMI Holdings, Inc. (NMIH)11/19/2025, the director sold 20,000 common shares of NMI Holdings in open market transactions at a weighted average price of $36.900 per share. The filing states that the sale prices on that date ranged from $36.715 to $37.070 per share.
After this transaction, the director beneficially owns 46,046 NMI Holdings equity instruments, consisting of 41,607 common shares and 4,439 unvested restricted stock units. The reporting person has agreed to provide full breakdowns of the shares sold at each price within the disclosed range upon request by the SEC staff, the company, or any NMIH security holder.