NMI Holdings (NMIH) Net Margin (2012 - 2026)
NMI Holdings' (NMIH) quarterly Net Margin came in at 54.14% in Q1 2026, down 1452.0% year-on-year from 4.0% in Q1 2025, and down 12.4% quarter-over-quarter from 61.8% in Q4 2025.
NMI Holdings (NMIH) Net Margin (2012 - 2026) Analysis & Trends
NMI Holdings has disclosed Net Margin across 15 years of filings, most recently posting 54.14% for Q1 2026.
- Net Margin for Q1 2026 came in at 54.14%, down 1452.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 58.35% (down 178.0% YoY), and the FY2025 annual result was 64.58%, up 926.0% from the prior year.
- Net Margin came in at 54.14% for Q1 2026 at NMI Holdings, down from 61.8% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 68.66% in Q1 2025 to a low of 51.75% in Q4 2024.
- The 5-year median for Net Margin is 62.42% (2022), against an average of 61.2%.
- Across the five-year window, Net Margin soared 1195 bps in 2022 and tumbled 1452 bps in 2026, its largest moves.
- NMI Holdings' Net Margin stood at 60.99% in 2022, then gained by 3 bps to 62.74% in 2023, then dropped by 18 bps to 51.75% in 2024, then gained by 19 bps to 61.8% in 2025, then declined by 12 bps to 54.14% in 2026.
- The last three Net Margin figures came in at 54.14% (Q1 2026), 61.8% (Q4 2025), and 63.44% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.62 Bn | 9.96 Bn | 2.62 Bn | -35.40% |
| 2 | Axis Capital Holdings | 7.48 Bn | 6.61 Bn | - | 16.70% |
| 3 | First American Financial | 7.03 Bn | 4.14 Bn | 1.24 Bn | 6.79% |
| 4 | Enact Holdings | 5.98 Bn | 5.43 Bn | 205.74 Mn | 69.07% |
| 5 | Mgic Investment | 5.62 Bn | 5.37 Bn | 202.12 Mn | 70.23% |
| 6 | Essent | 5.48 Bn | 5.48 Bn | - | 51.12% |
| 7 | Radian | 4.76 Bn | 4.68 Bn | 368.17 Mn | -1.15% |
| 8 | Ryan Specialty Holdings | 4.49 Bn | 4.92 Bn | - | 5.19% |
| 9 | Assured Guaranty | 3.43 Bn | -489.19 Mn | 216.00 Mn | 12.26% |
| 10 | NMI Holdings | 2.86 Bn | 2.78 Bn | 152.85 Mn | 54.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 54.14% |
| Dec 31, 2025 | 61.80% |
| Sep 30, 2025 | 63.44% |
| Jun 30, 2025 | 55.33% |
| Mar 31, 2025 | 68.66% |
| Dec 31, 2024 | 51.75% |
| Sep 30, 2024 | 64.75% |
| Jun 30, 2024 | 56.80% |
| Mar 31, 2024 | 65.16% |
| Dec 31, 2023 | 62.74% |
| Sep 30, 2023 | 64.54% |
| Jun 30, 2023 | 63.73% |
| Mar 31, 2023 | 61.15% |
| Dec 31, 2022 | 60.99% |
| Sep 30, 2022 | 64.94% |
| Jun 30, 2022 | 62.42% |
| Mar 31, 2022 | 58.10% |
| Dec 31, 2021 | 53.12% |
| Sep 30, 2021 | 52.99% |
| Jun 30, 2021 | 51.87% |