NMI Holdings (NMIH) Tax Rate (2014 - 2026)
NMI Holdings (NMIH) posted quarterly Tax Rate of 22.75% for Q2 2026, up 54.0% year-over-year from 14.77% in Q2 2025, and up 10.99% on a QoQ basis from 20.5% in Q1 2026.
NMI Holdings (NMIH) Tax Rate (2014 - 2026) Analysis & Trends
NMI Holdings has reported Tax Rate for 13 years, with the latest figure at 22.75% in Q2 2026.
- Tax Rate for Q2 2026 came in at 22.75%, up 54.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 21.98% (down 17.0% YoY), and the FY2025 annual result was 22.18%, down 11.0% from the prior year.
- Tax Rate grew to 22.75% in Q2 2026, from 20.5% in the prior quarter.
- Over five years, Tax Rate peaked at 23.04% in Q4 2022 and troughed at 20.5% in Q1 2026.
- A 5-year average of 22.14% and a median of 22.25% in 2025 frame the typical range for Tax Rate.
- The widest annual swing landed in 2023, when Tax Rate tumbled 235 bps; it then surged 159 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 23.04% in 2022, then fell by 10 bps to 20.7% in 2023, then grew by 8 bps to 22.28% in 2024, then declined by 0 bps to 22.23% in 2025, then advanced by 2 bps to 22.75% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 22.75% in Q2 2026, 20.5% in Q1 2026, and 22.23% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 18.64% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 22.82% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 19.42% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 20.52% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 20.78% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 17.63% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 17.10% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 21.56% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 22.75% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 15.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.75% |
| Jun 30, 2026 | 22.75% |
| Jun 30, 2026 | 22.75% |
| Mar 31, 2026 | 20.50% |
| Mar 31, 2026 | 20.50% |
| Mar 31, 2026 | 20.50% |
| Dec 31, 2025 | 22.23% |
| Dec 31, 2025 | 22.23% |
| Dec 31, 2025 | 22.23% |
| Sep 30, 2025 | 22.38% |
| Sep 30, 2025 | 22.38% |
| Sep 30, 2025 | 22.38% |
| Jun 30, 2025 | 22.21% |
| Jun 30, 2025 | 22.21% |
| Jun 30, 2025 | 22.21% |
| Mar 31, 2025 | 21.93% |
| Mar 31, 2025 | 21.93% |
| Mar 31, 2025 | 21.93% |
| Dec 31, 2024 | 22.28% |
| Dec 31, 2024 | 22.28% |