Growth Metrics

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

NMI Holdings (NMIH) has disclosed Tax Rate for 11 consecutive years, with 22.23% as the latest value for Q4 2025.

  • Quarterly Tax Rate fell 5.0% to 22.23% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 22.18% through Dec 2025, down 11.0% year-over-year, with the annual reading at 22.18% for FY2025, 11.0% down from the prior year.
  • Tax Rate hit 22.23% in Q4 2025 for NMI Holdings, down from 22.38% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 23.04% in Q4 2022 to a low of 20.7% in Q4 2023.
  • Historically, Tax Rate has averaged 22.18% across 5 years, with a median of 22.25% in 2025.
  • Biggest five-year swings in Tax Rate: skyrocketed 235bps in 2021 and later plummeted -235bps in 2023.
  • Year by year, Tax Rate stood at 22.57% in 2021, then rose by 2bps to 23.04% in 2022, then fell by -10bps to 20.7% in 2023, then grew by 8bps to 22.28% in 2024, then decreased by 0bps to 22.23% in 2025.
  • Business Quant data shows Tax Rate for NMIH at 22.23% in Q4 2025, 22.38% in Q3 2025, and 22.21% in Q2 2025.