NMI Holdings (NMIH) Free Cash Flow (2012 - 2026)
NMI Holdings (NMIH) recorded Free Cash Flow of $140.25 million in Q2 2026, up 10.7% from $126.71 million a year earlier and up 22.0% from the prior quarter.
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Analysis
NMI Holdings (NMIH) Free Cash Flow (2012 - 2026) Analysis & Trends
On a TTM basis, NMI Holdings' Free Cash Flow came in at $441.61 million as of Jun 30, 2026, up 14.0% year-over-year; for FY2025, it was $412.52 million, up 6.7% from FY2024.
- Annual Free Cash Flow has increased for three straight years, with a five-year compound annual growth rate of 11.4% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $386.7 million in FY2024 (+16.0%), $333.31 million in FY2023 (+10.1%), $302.82 million in FY2022 (-3.4%) and $313.48 million in FY2021 (+30.4%).
- The Q2 2026 figure is the highest quarterly Free Cash Flow in data going back to Q4 2012.
- On a year-over-year basis, Free Cash Flow has increased for three consecutive quarters, with growth averaging 16.1% over the last eight quarters.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 74.6% in Q4 2025, against a decline of 29.7% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $114.99 million (Q1 2026), $60.1 million (Q4 2025) and $126.27 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | 6.76 Bn |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 6.07 Bn |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 4.40 Bn |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | 1.40 Bn |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 3.87 Bn |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | -175.73 Mn |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 1.30 Bn |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | 1.10 Bn |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | 3.72 Bn |
| 10 | NMI Holdings | 2.90 Bn | 2.64 Bn | 158.44 Mn | 108.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 108.92 Mn |
| Jun 30, 2026 | 140.25 Mn |
| Mar 31, 2026 | 114.99 Mn |
| Dec 31, 2025 | 60.10 Mn |
| Sep 30, 2025 | 126.27 Mn |
| Jun 30, 2025 | 126.71 Mn |
| Mar 31, 2025 | 99.45 Mn |
| Dec 31, 2024 | 34.42 Mn |
| Sep 30, 2024 | 126.94 Mn |
| Jun 30, 2024 | 115.95 Mn |
| Mar 31, 2024 | 109.39 Mn |
| Dec 31, 2023 | 28.64 Mn |
| Sep 30, 2023 | 117.48 Mn |
| Jun 30, 2023 | 98.87 Mn |
| Mar 31, 2023 | 88.32 Mn |
| Dec 31, 2022 | 28.98 Mn |
| Sep 30, 2022 | 105.32 Mn |
| Jun 30, 2022 | 90.19 Mn |
| Mar 31, 2022 | 78.34 Mn |
| Dec 31, 2021 | 41.21 Mn |
API Access
NMI Holdings Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=NMIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "NMIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=NMIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();