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NMI Holdings, Inc. balance sheet

At the end of fiscal 2025, NMI Holdings, Inc. had total assets of $3.84bn, total liabilities of $1.25bn and shareholders' equity of $2.59bn. It held $43.9m in cash against $417m of debt: net debt of $373m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents486561035748192541127774497544472
Goodwill—3333333333333—
Total assets5434814636628408951,0921,3652,1672,4512,5162,9413,3503,8413,997
Long-term debt——0144144144147146393395396————
Total debt000150148147149148393395396398415417418
Total liabilities5418362603643863914347978859021,0151,1331,2491,292
Shareholders' equity4894634274034765097029301,3701,5661,6141,9262,2172,5922,705
Net debt (negative = net cash)−486−56−10392100127124107266318352301361373346
Shares outstanding————59m61m66m68m85m86m84m81m79m76m75m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from NMI Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NMI Holdings, Inc.