NMI Holdings (NMIH) Gross Margin (2013 - 2026)
NMI Holdings' (NMIH) quarterly Gross Margin came in at 83.77% in Q2 2026, up 75.0% year-over-year from 47.87% in Q2 2025, and up 0.55% quarter-over-quarter from 83.31% in Q1 2026.
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NMI Holdings (NMIH) Gross Margin (2013 - 2026) Analysis & Trends
NMI Holdings has disclosed Gross Margin across 14 years of filings, most recently posting 83.77% for Q2 2026.
- In Q2 2026, Gross Margin rose 75.0% year-over-year to 83.77%; the TTM figure through Jun 2026 stood at 83.4% (up 104.0% YoY), while the FY2025 annual figure was 83.03%, up 121.0% from the prior year.
- Gross Margin came in at 83.77% for Q2 2026 at NMI Holdings, up from 83.31% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 83.77% in Q2 2026 to a low of 71.73% in Q1 2022.
- Average Gross Margin over 5 years is 80.46%, with a median of 81.3% recorded in 2023.
- Year-over-year, Gross Margin surged 1176 bps in 2022 and declined 23 bps in 2024.
- Over 5 years, Gross Margin stood at 77.66% in 2022, then decreased by 0 bps to 77.65% in 2023, then climbed by 5 bps to 81.33% in 2024, then grew by 2 bps to 82.81% in 2025, then rose by 1 bps to 83.77% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 83.77% in Q2 2026, 83.31% in Q1 2026, and 82.81% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 131.13 Bn | 117.36 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 125.86 Bn | 120.86 Bn | 9.04 Bn | 38.28% |
| 3 | Travelers Companies | 77.43 Bn | 53.67 Bn | 6.23 Bn | 51.27% |
| 4 | Allstate | 64.54 Bn | 25.81 Bn | 16.28 Bn | 87.55% |
| 5 | Aflac | 57.68 Bn | -45.32 Bn | 2.27 Bn | 55.02% |
| 6 | American International | 39.77 Bn | 1.95 Bn | 3.50 Bn | 49.41% |
| 7 | Hartford Insurance | 37.34 Bn | 21.02 Bn | 3.18 Bn | 43.81% |
| 8 | Cincinnati Financial | 26.13 Bn | 24.24 Bn | 2.39 Bn | 55.85% |
| 9 | Loews | 22.38 Bn | 82.01 Mn | 2.57 Bn | 54.18% |
| 10 | NMI Holdings | 3.34 Bn | 3.27 Bn | 157.40 Mn | 83.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.77% |
| Mar 31, 2026 | 83.31% |
| Dec 31, 2025 | 82.81% |
| Sep 30, 2025 | 83.68% |
| Jun 30, 2025 | 83.02% |
| Mar 31, 2025 | 82.58% |
| Dec 31, 2024 | 81.33% |
| Sep 30, 2024 | 82.44% |
| Jun 30, 2024 | 82.53% |
| Mar 31, 2024 | 80.92% |
| Dec 31, 2023 | 77.65% |
| Sep 30, 2023 | 81.27% |
| Jun 30, 2023 | 80.76% |
| Mar 31, 2023 | 81.15% |
| Dec 31, 2022 | 77.66% |
| Sep 30, 2022 | 77.06% |
| Jun 30, 2022 | 74.60% |
| Mar 31, 2022 | 71.73% |
| Dec 31, 2021 | 65.91% |
| Sep 30, 2021 | 69.48% |