NMI Holdings, Inc. (NMIH) company profile
Close on Nov 11, 2026Market cap $2.94BP/E 7.7Yield –
About NMI
Surety Insurance, SIC 6351
NMI Holdings, Inc. provides private mortgage insurance through its insurance subsidiaries to protect mortgage lenders and investors from losses caused by borrower defaults on residential mortgages. The company focuses primarily on high-loan-to-value first-lien mortgages for owner-occupied single-family homes. Through its subsidiary NMIS, it also offers outsourced loan review services to mortgage originators to assess underwriting compliance. NMI Holdings serves a diverse customer base of mortgage lenders, categorized into National Accounts and Regional Accounts, including regional and national mortgage banks, credit unions, community banks, builder-owned lenders, and internet-sourced lenders.
Operating strictly within the United States, all of the company's customer revenues originate domestically. The primary insurance operating subsidiary is licensed to write mortgage insurance coverage across all 50 states and the District of Columbia. As of December 31, 2025, the company had established master policy agreements with 2,193 lender customers and employed 225 full-time and part-time personnel. The provided text does not state the company's headquarters location.
Summary of the business section of NMI's latest annual report, written by StockData.
Company profile
Company
- Legal name
- NMI Holdings, Inc.
- Founded
- 2011
- Headquarters
- Emeryville, CA
- Address
- 2100 Powell Street, 12th Floor 94608
- Phone
- (855) 530-6642
- Website
- nationalmi.com
- Employees
- 225, Dec 31, 2025
- Industry
- Surety Insurance
- Incorporated in
- California
- Fiscal year ends
- December 31
- Auditor
- BDO USA, P.C., San Francisco, CA
Stock & identifiers
- Ticker
- NMIH
- Exchange
- Nasdaq
- IPO date
- Nov 8, 2013
- Shares outstanding
- 75M, Jul 27, 2026
- Public float
- $2.71B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1547903
- CUSIP
- 629209305
- ISIN
- US6292093050
- FIGI
- BBG005DLMMZ6
- Share class FIGI
- BBG005DLMPF1
- LEI
- 529900KNNGFXJX1C3Z08
- EIN
- 45-4914248
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Adam Pollitzer | Chief Executive Officer, Director | 630,048 |
| Bradley M. Shuster | Executive Chairman, Director | 936,982 |
| Nicholas Daniel Realmuto | SVP, Controller | 17,971 |
| Aurora Swithenbank | EVP, Chief Financial Officer | 50,734 |
| Robert Owen Smith | EVP, Chief Risk Officer | 178,993 |
| William J. Leatherberry | Chief Admin. Officer & GC | 342,748 |
| Mohammad Nawaz Yousaf | EVP, Chief of Ops and Tech | 71,642 |
| Norman Peter Fitzgerald | EVP, Chief Sales Officer | 75,178 |
| Michael Curry Montgomery | Director | 69,026 |
| Renu Agrawal | Director | 8,663 |
| Steven Scheid | Director | 83,745 |
| Priya Cherian Huskins | Director | 36,164 |
| Lynn S. McCreary | Director | 48,757 |
| John C. Erickson | Director | 21,832 |
| Michael J. Embler | Director | 50,558 |
| Regina Muehlhauser | Director | 69,292 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $10.21M | $14.18M | $2.90M | $180 | $166 |
| FY2024 | $8.98M | $15.26M | $2.74M | $162 | $140 |
| FY2023 | $7.93M | $12.24M | $2.52M | $131 | $130 |
| FY2022 | $5.47M | $5.00M | $2.83M | $92 | $93 |
| FY2021 | $4.97M | $4.03M | $2.61M | $96 | $106 |
| FY2020 | $3.88M | $2.14M | $2.29M | $68 | $86 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Adam S. Pollitzer President and Chief Executive Officer | $975.00K | $6.34M | $2.84M | $57.97K | $10.21M | +14% |
| Bradley M. Shuster Executive Chairman | $650.00K | $1.70M | $1.08M | $60.52K | $3.49M | +13% |
| Aurora Swithenbank Chief Financial Officer | $530.00K | $1.11M | $881.92K | $49.57K | $2.57M | -32% |
| William J. Leatherberry Chief Administrative Officer, General Counsel | $615.00K | $1.38M | $1.02M | $49.57K | $3.07M | +2% |
| Robert Smith Chief Risk Officer | $515.00K | $1.03M | $856.96K | $49.57K | $2.45M | +4% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Nov 8, 2013
- Offer price
- $13.00
- Securities offered
- 2,103,395
- Gross proceeds
- $27.34M
- Exchange
- Nasdaq
- First trading day
- Nov 8, 2013
- First-day close
- $14.00+7.7%
- Lock-up ends (est.)
- May 7, 2014
“Per Share Total Initial public offering price $13.00 $27,344,135 Discounts and commissions to underwriters* $ 0.78 $ 1,640,648 Net Proceeds, to us (before expenses) $12.22 $25,662,000 Net Proceeds, to the selling stockholders (before expenses) $12.22 $ 41,487 * See " Underwriting " on page 177 of this prospectus fo”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 225 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 3, 2016 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Nov 8, 2013 | IPO | Initial public offering priced (424B4 prospectus) |
| Nov 4, 2013 | Listing | Registration of securities on an exchange (Form 8-A) |
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