NMI Holdings, Inc. Overview
Pro stress-test →NMI Holdings is the parent company of National Mortgage Insurance Corporation, a leading U.S. private mortgage insurance provider. The company enables borrowers with low down payments to achieve homeownership while protecting lenders and investors against default-related losses, operating in a mission-critical sector for the residential mortgage market.
Strategic Profile
Pro stress-test →NMI Holdings maintains competitive advantages through scale (insurance-in-force of $221.4 billion as of Q4 2025), strong risk management with premium borrower quality (average FICO score of 757), and disciplined capital allocation. The company has demonstrated consistent profitability with $388.9 million in full-year 2025 net income ($4.92 diluted EPS), supported by expanding market opportunities and operational efficiency.
Competitive Landscape
Pro stress-test →NMI Holdings competes in the mortgage insurance sector primarily against Essent Group (NYSE: ESNT), Radian Group (NYSE: RDN), and smaller players like Enact Holdings and James River Group. NMI differentiates through strong risk management, customer service focus, and access to diverse lender channels including non-bank originators. The sector benefits from structural demand tied to low-down-payment mortgage originations.
Industry Context
NMI Holdings, Inc. operates in Mortgage Insurance / Specialty Insurance.
Key facts
Founded: 2011 · Headquarters: Emeryville, US · Revenue: $178.7M