Jun 2026 (Q2 FY26) — Jul 30, 2026
NMI Holdings, Inc. Q2 FY26 — Record Financial Results and Portfolio Growth
Read the full callNMI Holdings (NMIH) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
NMI Holdings earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 188 | +8.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 106 | +10.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$41.01 +0.74% · +$0.3
Performance +14.6% 1Y
1Y: $35.77 on 17 Oct 2025 → $41.01. High $45.71 (14 Aug 2026), low $35.42 (3 Jun 2026).
- Previous close
- $40.71
- 52-week range
- $35.42 – $45.71
- One year
- +13.51%
Overview
- Symbol
- NMIH
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
NMI Holdings earnings calls (NMIH)
Financials
What the filings say
Net profit, year on year: +10% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 166 | 167 | 173 | 174 | 179 | 181 | 183 | 188 |
| Expenses | 47 | 56 | 42 | 50 | 55 | 60 | 59 | 51 |
| Interest | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | 119 | 111 | 131 | 124 | 124 | 121 | 125 | 137 |
| Tax rate | 22.2% | 22.3% | 21.9% | 22.2% | 22.4% | 22.2% | 20.5% | 22.8% |
| Net profit | 93 | 86 | 103 | 96 | 96 | 94 | 99 | 106 |
| EPS ($ per share) | 1.17 | — | 1.31 | 1.23 | 1.24 | — | 1.30 | 1.40 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 33 | 205 | 377 | 608 | 901 | 1,223 | 1,583 | 1,972 |
| Total liabilities | 391 | 434 | 797 | 885 | 902 | 1,015 | 1,133 | 1,249 |
| Fixed assets | 25 | 26 | 30 | 32 | 32 | 30 | 26 | 22 |
| Total assets | 1,092 | 1,365 | 2,167 | 2,451 | 2,516 | 2,941 | 3,350 | 3,841 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 146 | 208 | 253 | 326 | 313 | 343 | 394 | 419 |
| Cash from investing | -221 | -194 | -630 | -374 | -290 | -200 | -339 | -316 |
| Cash from financing | 81 | 2 | 463 | -2 | -56 | -90 | -97 | -113 |
| Net cash flow | 6 | 16 | 86 | -50 | -32 | 52 | -42 | -10 |
| Capital expenditure | -8 | -10 | -12 | -12 | -11 | -9 | -7 | -7 |
| Free cash flow | 138 | 198 | 240 | 313 | 303 | 333 | 387 | 413 |
Insider filings
80 filings between Nov 19, 2025 and Sep 13, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$16.96M
13 sales by 8 insiders
Compensation
not trading decisions- 20
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
- 36
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Pollitzer Adam | — | $7.75M | Sep 4, 2026 |
| SHUSTER BRADLEY M | — | $5.82M | Mar 24, 2026 |
| Fitzgerald Norman Peter | — | $898.6K | Feb 17, 2026 |
| EMBLER MICHAEL J | — | $738.0K | Nov 19, 2025 |
| Yousaf Mohammad Nawaz | — | $638.2K | Feb 17, 2026 |
| Smith Robert Owen | — | $535.8K | Aug 3, 2026 |
| Swithenbank Aurora | — | $519.1K | Aug 11, 2026 |
| Montgomery Michael Curry | — | $58.9K | May 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 13, 2026 | Realmuto Nicholas Daniel SVP, Controller | Tax withheld | 302 | $0 |
| Sep 4, 2026 | Pollitzer Adam Chief Executive Officer | Option exercise | 19,435 | $311.0K |
| Sep 4, 2026 | Pollitzer Adam Chief Executive Officer | Option exercise | 25,426 | $564.2K |
| Sep 4, 2026 | Pollitzer Adam Chief Executive Officer | Option exercise | 16,264 | $304.1K |
| Sep 4, 2026 | Pollitzer Adam Chief Executive Officer | Sale | 172,706 | $7.75M |
| Aug 11, 2026 | Swithenbank Aurora EVP, Chief Financial Officer | Sale | 11,662 | $519.1K |
| Aug 3, 2026 | Smith Robert Owen EVP, Chief Risk Officer | Sale | 12,000 | $535.8K |
| May 19, 2026 | Montgomery Michael Curry Director | Sale | 1,554 | $58.9K |
| May 14, 2026 | Huskins Priya Cherian Director | Award | 4,512 | $0 |
| May 14, 2026 | Erickson John C Director | Award | 4,512 | $0 |
| May 14, 2026 | Agrawal Renu Director | Award | 4,512 | $0 |
| May 14, 2026 | EMBLER MICHAEL J Director | Award | 4,512 | $0 |
| May 14, 2026 | Montgomery Michael Curry Director | Award | 4,512 | $0 |
| May 14, 2026 | McCreary Lynn S. Director | Award | 4,512 | $0 |
| May 14, 2026 | SCHEID STEVEN Director | Award | 4,512 | $0 |
| May 8, 2026 | Swithenbank Aurora EVP, Chief Financial Officer | Tax withheld | 2,922 | $0 |
| May 1, 2026 | Swithenbank Aurora EVP, Chief Financial Officer | Tax withheld | 9,135 | $0 |
| Mar 24, 2026 | SHUSTER BRADLEY M Executive Chairman | Sale | 18,953 | $707.8K |
| Mar 23, 2026 | SHUSTER BRADLEY M Executive Chairman | Tax withheld | 36,203 | $0 |
| Mar 23, 2026 | SHUSTER BRADLEY M Executive Chairman | Option exercise | 55,156 | $612.2K |
| Mar 19, 2026 | SHUSTER BRADLEY M Executive Chairman | Sale | 18,996 | $703.9K |
| Mar 18, 2026 | SHUSTER BRADLEY M Executive Chairman | Option exercise | 55,158 | $612.3K |
| Mar 18, 2026 | SHUSTER BRADLEY M Executive Chairman | Tax withheld | 36,162 | $0 |
| Mar 15, 2026 | Realmuto Nicholas Daniel SVP, Controller | Award | 3,882 | $0 |
| Mar 15, 2026 | Realmuto Nicholas Daniel SVP, Controller | Tax withheld | 674 | $0 |
| Mar 15, 2026 | Realmuto Nicholas Daniel SVP, Controller | Tax withheld | 565 | $0 |
| Mar 15, 2026 | Realmuto Nicholas Daniel SVP, Controller | Tax withheld | 772 | $0 |
| Mar 15, 2026 | Realmuto Nicholas Daniel SVP, Controller | Tax withheld | 1,042 | $0 |
| Mar 12, 2026 | SHUSTER BRADLEY M Executive Chairman | Sale | 18,976 | $694.1K |
| Mar 11, 2026 | SHUSTER BRADLEY M Executive Chairman | Option exercise | 55,158 | $612.3K |
| Mar 11, 2026 | SHUSTER BRADLEY M Executive Chairman | Tax withheld | 36,182 | $0 |
| Mar 5, 2026 | SHUSTER BRADLEY M Executive Chairman | Sale | 19,430 | $755.9K |
| Mar 4, 2026 | SHUSTER BRADLEY M Executive Chairman | Tax withheld | 35,728 | $0 |
| Mar 4, 2026 | SHUSTER BRADLEY M Executive Chairman | Option exercise | 55,158 | $612.3K |
| Feb 27, 2026 | Leatherberry William J Chief Admin. Officer & GC | Other | 4,900 | $0 |
| Feb 26, 2026 | SHUSTER BRADLEY M Executive Chairman | Sale | 19,557 | $779.4K |
| Feb 25, 2026 | SHUSTER BRADLEY M Executive Chairman | Tax withheld | 35,601 | $0 |
| Feb 25, 2026 | SHUSTER BRADLEY M Executive Chairman | Option exercise | 55,158 | $612.3K |
| Feb 18, 2026 | SHUSTER BRADLEY M Executive Chairman | Sale | 55,000 | $2.18M |
| Feb 18, 2026 | SHUSTER BRADLEY M Executive Chairman | Option exercise | 55,000 | $610.5K |
| Feb 17, 2026 | Fitzgerald Norman Peter EVP, Chief Sales Officer | Sale | 22,500 | $898.6K |
| Feb 17, 2026 | Yousaf Mohammad Nawaz EVP, Chief of Ops and Tech | Sale | 16,000 | $638.2K |
| Feb 12, 2026 | Pollitzer Adam Chief Executive Officer | Tax withheld | 14,674 | $0 |
| Feb 12, 2026 | Fitzgerald Norman Peter EVP, Chief Sales Officer | Tax withheld | 1,919 | $0 |
| Feb 12, 2026 | Swithenbank Aurora EVP, Chief Financial Officer | Tax withheld | 3,363 | $0 |
| Feb 12, 2026 | Leatherberry William J Chief Admin. Officer & GC | Tax withheld | 4,005 | $0 |
| Feb 12, 2026 | SHUSTER BRADLEY M Executive Chairman | Tax withheld | 4,921 | $0 |
| Feb 12, 2026 | Smith Robert Owen EVP, Chief Risk Officer | Tax withheld | 2,981 | $0 |
| Feb 12, 2026 | Yousaf Mohammad Nawaz EVP, Chief of Ops and Tech | Tax withheld | 1,595 | $0 |
| Feb 11, 2026 | Smith Robert Owen EVP, Chief Risk Officer | Award | 38,574 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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