NMI Holdings, Inc. NMIH

What this company does

NMI Holdings, Inc. provides mortgage insurance through its wholly-owned insurance subsidiaries, NMIC and Re One. It offers primary mortgage insurance, which provides default protection on individual mortgage loans at specified coverage percentages. Its subsidiary NMIC is approved as an MI provider by the GSEs and is licensed to write MI coverage in all 50 states and D.C. As of December 31, 2025, the company had issued master policies with 2,193 customers, including national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders and other non-bank lenders. As of that same date, it had $221.4 billion of primary insurance in force and $59.3 billion of primary risk in force. For the year ended December 31, 2025, it generated new insurance written of $48.9 billion. As of December 31, 2025, it had 225 full-time and part-time employees. NMI Holdings, Inc., a Delaware corporation, was incorporated in May 2011, began start-up operations in 2012, and wrote its first mortgage insurance policy in 2013.

Written from the business description in NMI Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.