NMI Holdings (NMIH) Net Margin (2013 - 2026)
NMI Holdings' Net Margin came in at 56.30% for Q2 2026, up 0.97 percentage points from 55.33% a year earlier and up 2.16 percentage points from the prior quarter.
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Analysis
NMI Holdings (NMIH) Net Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NMI Holdings reported Net Margin of 54.10%, down 1.48 percentage points year-over-year; for FY2025, it came in at 55.05%, down 0.26 percentage points from FY2024.
- Net Margin has declined in each of the last three years, though with a five-year change of +15.46 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 55.32% in FY2024 (-0.31 pp), 55.63% in FY2023 (-0.34 pp), 55.97% in FY2022 (+8.32 pp) and 47.65% in FY2021 (+8.05 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q1 2025.
- Year-over-year, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -2.11 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2021 (a gain of 14.35 percentage points), and the weakest in Q4 2024 (a drop of 10.99 percentage points).
- Business Quant data shows NMIH's Net Margin at 54.14% (Q1 2026), 52.13% (Q4 2025) and 53.73% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | 25.21% |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | 18.05% |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | 14.02% |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 17.10% |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | 18.17% |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | 10.52% |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | 3.68% |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 12.98% |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | 8.09% |
| 10 | NMI Holdings | 3.07 Bn | 2.75 Bn | 174.74 Mn | 56.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.30% |
| Mar 31, 2026 | 54.14% |
| Dec 31, 2025 | 52.13% |
| Sep 30, 2025 | 53.73% |
| Jun 30, 2025 | 55.33% |
| Mar 31, 2025 | 59.20% |
| Dec 31, 2024 | 51.75% |
| Sep 30, 2024 | 55.88% |
| Jun 30, 2024 | 56.80% |
| Mar 31, 2024 | 56.99% |
| Dec 31, 2023 | 62.74% |
| Sep 30, 2023 | 56.67% |
| Jun 30, 2023 | 56.27% |
| Mar 31, 2023 | 54.44% |
| 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% |
API Access
NMI Holdings Net Margin 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=net-margin&ticker=NMIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=NMIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();