| Cash Flow | 2025-09-30 |
|---|---|
| Net income | 294,709 |
| Net realized investment loss | -55 |
| Depreciation and amortization | 8,564 |
| Net accretion of discount on investment securities | 3,036 |
| Loss on extinguishment of debt | 0 |
| Amortization of debt discount and debt issuance costs | 1,800 |
| Deferred income taxes | 58,159 |
| Share-based compensation expense | 13,968 |
| Premiums receivable, net | 2,929 |
| Accrued investment income | 3,404 |
| Deferred policy acquisition costs, net | -135 |
| Reinsurance recoverable | 3,055 |
| Other assets | 4,799 |
| Unearned premiums | -15,421 |
| Reserve for insurance claims and claim expenses | 28,276 |
| Reinsurance balances, net | 131 |
| Accounts payable and accrued expenses | -15,335 |
| Net cash provided by operating activities | 357,556 |
| Purchase of short-term investments | 149,956 |
| Purchase of fixed-maturity investments, available-for-sale | 397,577 |
| Proceeds from maturities of short-term investments | 116,700 |
| Proceeds from maturities and redemptions of fixed-maturity investments, available-for-sale | 217,342 |
| Proceeds from sales of fixed-maturity investments, available-for-sale | 19,814 |
| Additions to software and equipment | 5,133 |
| Net cash used in investing activities | -198,810 |
| Proceeds from issuance of common stock related to employee equity plans | 2,875 |
| Taxes paid related to net share settlement of equity awards | 10,980 |
| Proceeds from senior unsecured notes | 0 |
| Repayments of senior secured notes | 0 |
| Payments of debt issuance costs | 0 |
| Repurchases of common stock | 74,510 |
| Net cash used in financing activities | -82,615 |
| Net increase in cash, cash equivalents and restricted cash | 76,131 |
| Cash and cash equivalents at beginning of period | 54,308 |
| Cash and cash equivalents at end of period | 130,439 |
NMI Holdings, Inc. (NMIH)
NMI Holdings, Inc. (NMIH)