For the year ending 2025-12-31, NMIH had -$10,371K decrease in cash & cash equivalents over the period. $412,518K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 388,926 |
| Net realized investment (gains) losses | 432 |
| Depreciation and amortization | 11,260 |
| Net (accretion)/amortization of (discount)/premium on investment securities | 4,089 |
| Loss on extinguishment of debt | 0 |
| Amortization of debt discount and debt issuance costs | 2,415 |
| Deferred income taxes | 71,772 |
| Share-based compensation expense | 20,190 |
| Premiums receivable, net | 3,455 |
| Accrued investment income | 4,867 |
| Deferred policy acquisition costs, net | 45 |
| Reinsurance recoverable | 6,316 |
| Prepaid federal income taxes | 78,083 |
| Other assets | 1,475 |
| Unearned premiums | -18,557 |
| Reserve for insurance claims and claim expenses | 44,358 |
| Reinsurance balances, net | 131 |
| Accounts payable and accrued expenses | -2,172 |
| Net cash provided by operating activities | 419,299 |
| Purchase of short-term investments | 174,730 |
| Purchase of fixed-maturity investments, available-for-sale | 724,314 |
| Proceeds from maturities of short-term investments | 173,672 |
| Proceeds from maturities and redemptions of fixed-maturity investments, available-for-sale | 285,380 |
| Proceeds from sales of fixed-maturity investments, available-for-sale | 130,307 |
| Additions to software and equipment | 6,781 |
| Net cash used in investing activities | -316,466 |
| 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 | 105,099 |
| Net cash used in financing activities | -113,204 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -10,371 |
| Cash and cash equivalents at beginning of period | 54,308 |
| Cash and cash equivalents at end of period | 43,937 |
NMI Holdings, Inc. (NMIH)
NMI Holdings, Inc. (NMIH)