Growth Metrics

NMI Holdings (NMIH) Tax Rate (2016 - 2025)

NMI Holdings' Tax Rate history spans 10 years, with the latest figure at 22.23% for Q4 2025.

  • For Q4 2025, Tax Rate fell 6.0% year-over-year to 22.23%; the TTM value through Dec 2025 reached 22.18%, down 11.0%, while the annual FY2025 figure was 23.02%, 73.0% up from the prior year.
  • Tax Rate for Q4 2025 was 22.23% at NMI Holdings, down from 22.38% in the prior quarter.
  • Across five years, Tax Rate topped out at 22.84% in Q2 2023 and bottomed at 20.7% in Q4 2023.
  • The 5-year median for Tax Rate is 22.23% (2025), against an average of 22.13%.
  • The largest YoY upside for Tax Rate was 235bps in 2021 against a maximum downside of -14582bps in 2021.
  • A 5-year view of Tax Rate shows it stood at 22.57% in 2021, then fell by -2bps to 22.06% in 2022, then decreased by -6bps to 20.7% in 2023, then rose by 8bps to 22.28% in 2024, then decreased by 0bps to 22.23% in 2025.
  • Per Business Quant, the three most recent readings for NMIH's Tax Rate are 22.23% (Q4 2025), 22.38% (Q3 2025), and 22.21% (Q2 2025).