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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.09
NMIH's Cash-to-Debt is ranked lower than
93% of the 136 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.41 vs. NMIH: 0.09 )
Ranked among companies with meaningful Cash-to-Debt only.
NMIH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09  Med: No Debt Max: No Debt
Current: 0.09
Equity-to-Asset 0.58
NMIH's Equity-to-Asset is ranked higher than
94% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.27 vs. NMIH: 0.58 )
Ranked among companies with meaningful Equity-to-Asset only.
NMIH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.54  Med: 0.91 Max: 0.98
Current: 0.58
0.54
0.98
Interest Coverage 1.50
NMIH's Interest Coverage is ranked lower than
98% of the 132 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 30.17 vs. NMIH: 1.50 )
Ranked among companies with meaningful Interest Coverage only.
NMIH' s Interest Coverage Range Over the Past 10 Years
Min: 0.77  Med: No Debt Max: No Debt
Current: 1.5
WACC vs ROIC
12.22%
15.36%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating Margin % 16.19
NMIH's Operating Margin % is ranked higher than
77% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.95 vs. NMIH: 16.19 )
Ranked among companies with meaningful Operating Margin % only.
NMIH' s Operating Margin % Range Over the Past 10 Years
Min: -9679.93  Med: -230.96 Max: 16.19
Current: 16.19
-9679.93
16.19
Net Margin % 55.11
NMIH's Net Margin % is ranked higher than
97% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.62 vs. NMIH: 55.11 )
Ranked among companies with meaningful Net Margin % only.
NMIH' s Net Margin % Range Over the Past 10 Years
Min: -9679.93  Med: -220.22 Max: 55.11
Current: 55.11
-9679.93
55.11
ROE % 16.92
NMIH's ROE % is ranked higher than
88% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.79 vs. NMIH: 16.92 )
Ranked among companies with meaningful ROE % only.
NMIH' s ROE % Range Over the Past 10 Years
Min: -11.59  Med: -10.99 Max: 16.92
Current: 16.92
-11.59
16.92
ROA % 9.71
NMIH's ROA % is ranked higher than
95% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.15 vs. NMIH: 9.71 )
Ranked among companies with meaningful ROA % only.
NMIH' s ROA % Range Over the Past 10 Years
Min: -10.78  Med: -10.13 Max: 9.71
Current: 9.71
-10.78
9.71
3-Year Revenue Growth Rate 150.80
NMIH's 3-Year Revenue Growth Rate is ranked higher than
99% of the 128 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.10 vs. NMIH: 150.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NMIH' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 150.8 Max: 413.2
Current: 150.8
0
413.2
GuruFocus has detected 1 Warning Sign with NMI Holdings Inc $NMIH.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NMIH's 30-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: Insurance - Property & Casualty » Insurance - Property & Casualty    NAICS: 524126    SIC: 6351
Compare:NAS:NATL, NAS:UIHC, NAS:EMCI, NAS:GBLI, NAS:SNC, NAS:KNSL, NYSE:HCI, NYSE:UVE, NAS:NODK, NAS:DGICB, NYSE:HRTG, NAS:BWINA, OTCPK:PRBDF, NAS:IPCC, NAS:SAFT, NYSE:STC, NAS:FNHC, NAS:STFC, NAS:HALL, NAS:AMSF » details
Traded in other countries:6NM.Germany,
Headquarter Location:USA
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers two types of mortgage insurance; Primary mortgage insurance and Pool insurance.

NMI Holdings Inc a Delaware corporation incorporated in May 2011. It provides private mortgage guaranty insurance through its wholly owned insurance subsidiaries. The company offers two types of mortgage insurance; Primary mortgage insurance and Pool insurance. It protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of the home's purchase price. Its competition includes other private mortgage insurers, governmental agencies that sponsor government-backed mortgage insurance programs and other alternatives designed to eliminate the need for private mortgage insurance, such as piggy-back loans or risk sharing arrangements that do not include MI.

Top Ranked Articles about NMI Holdings Inc

Troubled Kyle Bass Reduces Stake in NMI Holdings Struggling hedge fund has experienced biggest losing streak in its history
Hayman Capital Management’s Kyle Bass (Trades, Portfolio) reduced his stake in NMI Holdings Inc. (NASDAQ:NMIH) by 27.24% on Oct. 11. Read more...
National MI's Jan Brezina Named Treasurer of Wisconsin MBA

30-Year Industry Veteran Is Very Active in Both State MBA and Milwaukee Chapter
EMERYVILLE, CA--(Marketwired - June 29, 2016) - National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., (NASDAQ: NMIH) announced that Wisconsin account manager Jan M. Brezina has been named treasurer of the Wisconsin Mortgage Bankers Association for the 2016-2017 term. Brezina was installed on June 16 by Lon E. Roberts, Secretary of the Wisconsin Department of Financial Institutions. The Wisconsin Mortgage Bankers Association is the only statewide organization dedicated to representing the residential real estate finance industry. Brezina has held several positions with the Wisconsin MBA, including serving as State Secretary for 2015-2016. She is currently Co-Chair of the state MBA's Legislative Committee and a member of the state MBA's Single-Family Residential Committee. She is also Past President of the Milwaukee Chapter. Brezina participates in the national Mortgage Bankers Association (MBA) legislative committee meetings and is a member of the MBA's Mortgage Action Alliance (MAA). "Jan is a great addition to the board," said Michael Kellman, president, board of directors at the Wisconsin Mortgage Bankers Association (WMBA). "She has thoroughly shown her commitment to the WMBA over the past few years." Brezina has broad experience in the mortgage industry, including originations, production, risk assessment, servicing and real-estate owned loss mitigation. She joined National MI in April 2014.In addition to industry associations, she is active in several charitable organizations in the local community, including Women for MACC (Midwest Athletes Against Childhood Cancer), Children's Hospital of Wisconsin and Friends of the Medical College of Wisconsin."I am very pleased to be named treasurer of the Wisconsin MBA," Brezina said. "The WMBA works hard to help its members better operate their businesses in a dynamically changing industry, and I'm always happy to do my part." About National MINational Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com
Press Contact
Mary McGarity
Strategic Vantage Marketing & Public Relations
203-513-2721
[email protected]

Investor Contact
John M. Swenson
Vice President, Investor Relations and Treasury
[email protected]
(510)788-8417



Read more...
National MI Fastest-Growing MI Company Based on Insurance-in-Force

Rate of Private Mortgage Insurer's Growth in IIF Leads the Industry So Far in 2016
EMERYVILLE, CA--(Marketwired - June 22, 2016) - National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is leading the private mortgage insurance industry in the pace of growth of insurance-in-force (IIF). In the first quarter of 2016, the private mortgage insurer's primary IIF grew 25% from the fourth quarter of 2015 to $18.6 billion, driving record levels of earned premiums. That compares with primary IIF of $14.8 billion at the end of the fourth quarter of 2015 and $10.6 billion as of September 30, 2015. "For the past two quarters, we have grown primary insurance-in-force faster than any other private mortgage insurance company, while changing our product mix to a higher percentage of monthly premium product relative to our total new insured volume," said Bradley Shuster, CEO of National MI. With monthly mortgage insurance, the premium is paid on a monthly basis and is typically paid by the borrower. Single premium product has a one-time upfront payment and is usually paid by the lender. "The percentage of monthly premium product increased from 45 percent in the fourth quarter to 59 percent of total volume at the end of the first quarter, so our mix between the monthly product and single premium product is now more in line with the rest of the industry," Shuster said. In January of this year, National MI was the first private mortgage insurer to adjust its rates for lender-paid mortgage insurance. The new rates better align the company's pricing with the capital requirements under the GSE Private Mortgage Insurer Eligibility Requirements.National MI's insurance-in-force has steadily increased since its launch in 2013, showing solid gains each quarter. The company has also gained market share over that time period. "With two consecutive quarters of nine percent market share, it is clear that our customers and the market recognize our unique value proposition," Shuster said. About National MINational Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com.This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding National MI's positioning for future performance. More information about the risks, uncertainties and assumptions affecting National MI can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. We do not undertake, and specifically disclaim, any obligation to revise any forward-looking statements to reflect the occurrence of future events or circumstances. Image Available: http://www.marketwire.com/library/MwGo/2016/6/21/11G103808/Images/brad_shuster_0912_FinalLg_(3)-63ef0b169da18292a4ba7c46ef0f03c8.jpg


Press Contacts
Mary McGarity
Strategic Vantage Mortgage Public Relations
(203) 513-2721
[email protected]

Warren Lutz
Strategic Vantage Marketing & Public Relations
(925) 481-2167
[email protected]

Investor Contact
John M. Swenson
Vice President, Investor Relations and Treasury
[email protected]
(510) 788-8417



Read more...

Ratios

vs
industry
vs
history
PE Ratio 8.86
NMIH's PE Ratio is ranked higher than
83% of the 126 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 15.54 vs. NMIH: 8.86 )
Ranked among companies with meaningful PE Ratio only.
NMIH' s PE Ratio Range Over the Past 10 Years
Min: 8.32  Med: 9.43 Max: 10.51
Current: 8.86
8.32
10.51
Forward PE Ratio 17.99
NMIH's Forward PE Ratio is ranked lower than
69% of the 45 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 15.53 vs. NMIH: 17.99 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 8.86
NMIH's PE Ratio without NRI is ranked higher than
82% of the 125 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 15.54 vs. NMIH: 8.86 )
Ranked among companies with meaningful PE Ratio without NRI only.
NMIH' s PE Ratio without NRI Range Over the Past 10 Years
Min: 8.32  Med: 9.43 Max: 10.51
Current: 8.86
8.32
10.51
Price-to-Owner-Earnings 6.51
NMIH's Price-to-Owner-Earnings is ranked higher than
82% of the 85 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.65 vs. NMIH: 6.51 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
NMIH' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.25  Med: 6.55 Max: 7.29
Current: 6.51
5.25
7.29
PB Ratio 1.35
NMIH's PB Ratio is ranked higher than
51% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.37 vs. NMIH: 1.35 )
Ranked among companies with meaningful PB Ratio only.
NMIH' s PB Ratio Range Over the Past 10 Years
Min: 0.66  Med: 1.16 Max: 1.64
Current: 1.35
0.66
1.64
PS Ratio 4.92
NMIH's PS Ratio is ranked lower than
93% of the 137 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.19 vs. NMIH: 4.92 )
Ranked among companies with meaningful PS Ratio only.
NMIH' s PS Ratio Range Over the Past 10 Years
Min: 3.61  Med: 11.3 Max: 103.97
Current: 4.92
3.61
103.97
Price-to-Free-Cash-Flow 11.65
NMIH's Price-to-Free-Cash-Flow is ranked lower than
52% of the 90 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.90 vs. NMIH: 11.65 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
NMIH' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 5.21  Med: 9.57 Max: 55.16
Current: 11.65
5.21
55.16
Price-to-Operating-Cash-Flow 9.59
NMIH's Price-to-Operating-Cash-Flow is ranked higher than
58% of the 96 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.74 vs. NMIH: 9.59 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
NMIH' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.51  Med: 8.09 Max: 33.63
Current: 9.59
4.51
33.63
EV-to-EBIT 19.79
NMIH's EV-to-EBIT is ranked lower than
88% of the 122 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.03 vs. NMIH: 19.79 )
Ranked among companies with meaningful EV-to-EBIT only.
NMIH' s EV-to-EBIT Range Over the Past 10 Years
Min: -253.8  Med: -9.7 Max: 45
Current: 19.79
-253.8
45
EV-to-EBITDA 16.94
NMIH's EV-to-EBITDA is ranked lower than
84% of the 122 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.57 vs. NMIH: 16.94 )
Ranked among companies with meaningful EV-to-EBITDA only.
NMIH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -31  Med: -10.4 Max: 160.9
Current: 16.94
-31
160.9

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -0.60
NMIH's 3-Year Average Share Buyback Ratio is ranked lower than
55% of the 88 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: -0.30 vs. NMIH: -0.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NMIH' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -15.8  Med: -0.6 Max: 0
Current: -0.6
-15.8
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.35
NMIH's Price-to-Tangible-Book is ranked higher than
60% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.64 vs. NMIH: 1.35 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
NMIH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.73  Med: 1.16 Max: 1.61
Current: 1.35
0.73
1.61
Price-to-Median-PS-Value 0.43
NMIH's Price-to-Median-PS-Value is ranked higher than
96% of the 133 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.07 vs. NMIH: 0.43 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
NMIH' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.33  Med: 1.06 Max: 8.96
Current: 0.43
0.33
8.96
Price-to-Graham-Number 0.73
NMIH's Price-to-Graham-Number is ranked higher than
86% of the 116 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.07 vs. NMIH: 0.73 )
Ranked among companies with meaningful Price-to-Graham-Number only.
NMIH' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.72  Med: 0.77 Max: 0.77
Current: 0.73
0.72
0.77
Earnings Yield (Greenblatt) % 5.06
NMIH's Earnings Yield (Greenblatt) % is ranked lower than
79% of the 136 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.44 vs. NMIH: 5.06 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
NMIH' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -15.9  Med: -8.5 Max: 5.09
Current: 5.06
-15.9
5.09

More Statistics

Revenue (TTM) (Mil) $136.53
EPS (TTM) $ 1.23
Beta0.85
Short Percentage of Float1.93%
52-Week Range $5.02 - 12.55
Shares Outstanding (Mil)59.79

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 0.60 1.08
EPS without NRI ($) 0.60 1.08
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
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More From Other Websites
National MI Affordable Housing Insurance Rates Now Available through Optimal Blue Jun 12 2017
ETFs with exposure to NMI Holdings, Inc. : June 2, 2017 Jun 02 2017
NMI Holdings, Inc. :NMIH-US: Earnings Analysis: Q1, 2017 By the Numbers : June 1, 2017 Jun 01 2017
National MI's Julie Norberg Named to HousingWire's List of Rising Stars Jun 01 2017
NMI Holdings, Inc. Executives to Speak at KBW Mortgage Finance & Asset Management Conference on June... May 25 2017
National MI Wins Award for Excellence in Marketing May 25 2017
National MI to Host Mortgage Leadership Roundtable in New England May 17 2017
Edited Transcript of NMIH earnings conference call or presentation 4-May-17 9:00pm GMT May 11 2017
NMI Holdings posts 1Q profit May 04 2017
NMI Holdings, Inc. Reports First Quarter 2017 Financial Results May 04 2017
Investor Network: NMI Holdings, Inc. to Host Earnings Call May 04 2017
NMI Holdings, Inc. breached its 50 day moving average in a Bearish Manner : NMIH-US : May 2, 2017 May 02 2017
Fortune Names National MI One of the Best Workplaces in the Bay Area Apr 27 2017
National MI Announces Pricing of Insurance-Linked Notes Apr 26 2017
NMI Holdings, Inc. to Announce First Quarter 2017 Financial Results on May 4, 2017 Apr 17 2017
National MI Named to Fortune's List of Best Workplaces in Financial Services & Insurance Mar 28 2017
NMI Holdings, Inc. Nominates Regina Muehlhauser to its Board of Directors Mar 27 2017
National Mortgage Insurance Corporation Upgraded by Moody's Mar 27 2017
National MI to Host Leadership Roundtable in Northern California Mar 23 2017
NMI Holdings, Inc. breached its 50 day moving average in a Bearish Manner : NMIH-US : March 22, 2017 Mar 22 2017

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