NMIHNMI Holdings, Inc.
Surety Insurance
- Revenue
- $706M
- 8.5% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $380M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear108% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $485M | $523M | $579M | $651M | $706M | 8.5% |
| Net income | $231M | $293M | $322M | $360M | $389M | 8.0% |
| Operating cash flow | $326M | $313M | $343M | $394M | $419M | 6.5% |
| Capex | $12M | $11M | $9M | $7M | $7M | 1.8% |
| Stock-based comp | $17M | $15M | $17M | $20M | $20M | 1.9% |
| Buybacks | $0 | $57M | $92M | $98M | $105M | 7.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $8M · 1
- Net
- −$8M
Pay vs performance
No pay-versus-performance disclosure yet.