For the quarter ending 2026-03-31, NMIH had $26,742K increase in cash & cash equivalents over the period. $114,991K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 99,330 | 94,217 | 294,709 |
| Net realized investment losses (gains) | -147 | 487 | -55 |
| Depreciation and amortization | 2,481 | 2,696 | 8,564 |
| Net accretion of discount on investment securities | 707 | 1,053 | 3,036 |
| Loss on extinguishment of debt | - | 0 | 0 |
| Amortization of debt discount and debt issuance costs | 623 | 615 | 1,800 |
| Deferred income taxes | 18,857 | 13,613 | 58,159 |
| Share-based compensation expense | 4,682 | 6,222 | 13,968 |
| Premiums receivable, net | 602 | 526 | 2,929 |
| Accrued investment income | 2,473 | 1,463 | 3,404 |
| Deferred policy acquisition costs, net | -42 | 180 | -135 |
| Reinsurance recoverable | 1,126 | 3,261 | 3,055 |
| Prepaid federal income taxes | - | 78,083 | - |
| Other assets | 2,319 | -3,324 | 4,799 |
| Unearned premiums | -2,980 | -3,136 | -15,421 |
| Reserve for insurance claims and claim expenses | 14,775 | 16,082 | 28,276 |
| Reinsurance balances, net | 0 | 0 | 131 |
| Accounts payable and accrued expenses | -14,639 | 13,163 | -15,335 |
| Net cash provided by operating activities | 116,091 | 61,743 | 357,556 |
| Purchase of short-term investments | - | 24,774 | 149,956 |
| Purchase of fixed-maturity investments, available-for-sale | 299,673 | 326,737 | 397,577 |
| Proceeds from maturities of short-term investments | 61,625 | 56,972 | 116,700 |
| Proceeds from maturities and redemptions of fixed-maturity investments, available-for-sale | 76,208 | 68,038 | 217,342 |
| Proceeds from sales of fixed-maturity investments, available-for-sale | 115,032 | 110,493 | 19,814 |
| Additions to software and equipment | 1,100 | 1,648 | 5,133 |
| Net cash used in investing activities | -47,908 | -117,656 | -198,810 |
| Proceeds from issuance of common stock related to employee equity plans | 3,881 | 0 | 2,875 |
| Taxes paid related to net share settlement of equity awards | 17,647 | 0 | 10,980 |
| Proceeds from senior unsecured notes | - | 0 | 0 |
| Repayments of senior secured notes | - | 0 | 0 |
| Payments of debt issuance costs | - | 0 | 0 |
| Repurchases of common stock | 27,675 | 30,589 | 74,510 |
| Net cash used in financing activities | -41,441 | -30,589 | -82,615 |
| Net increase in cash, cash equivalents and restricted cash | 26,742 | -86,502 | 76,131 |
| Cash, cash equivalents and restricted cash, beginning of period | 43,937 | 130,439 | 54,308 |
| Cash, cash equivalents and restricted cash, end of period | 70,679 | 43,937 | 130,439 |
NMI Holdings, Inc. (NMIH)
NMI Holdings, Inc. (NMIH)