Nmi holdings, inc. (NMIH)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Dec'12
Assets
Fixed maturities, available-for-sale, at fair value (amortized cost of $1,059,143 and $1,113,779 as of March 31, 2020 and December 31, 2019, respectively)

1,070,072

1,140,940

1,073,176

1,017,607

940,223

911,490

874,435

838,265

723,790

715,875

692,729

673,695

658,640

628,969

641,572

607,318

556,683

559,235

314,455

370,042

367,947

336,501

308,564

413,307

410,876

409,088

411,983

0

Cash and cash equivalents (including restricted cash of $2,505 and $2,662 as of March 31, 2020 and December 31, 2019, respectively)

109,821

41,089

45,889

35,735

39,761

25,294

18,187

16,454

101,890

19,196

20,698

20,035

12,543

47,746

44,522

46,827

73,302

57,317

132,791

64,301

66,420

103,021

137,485

34,671

42,792

55,929

34,097

485,855

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,864

Total investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308,564

413,307

410,876

-

411,983

4,864

Premiums receivable

46,872

46,085

45,730

42,225

38,478

36,007

34,675

31,252

28,164

25,179

21,056

17,795

15,566

13,728

11,378

8,868

6,578

5,143

3,986

2,758

1,663

1,048

402

143

129

19

-

0

Accrued investment income

7,192

6,831

6,885

6,301

6,553

5,694

5,881

4,789

4,765

4,212

4,598

3,867

3,900

3,421

3,615

3,068

3,144

2,873

1,679

1,928

1,732

1,707

1,293

1,989

1,791

2,001

1,834

6

Prepaid expenses

4,750

3,512

4,518

3,358

4,454

3,241

3,131

2,907

3,602

2,151

2,651

2,072

2,935

1,991

2,313

1,810

2,732

1,428

1,783

1,869

2,091

2,054

1,097

1,139

1,702

1,519

1,053

417

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

40,338

Deferred policy acquisition costs, net

62,634

59,972

56,642

52,607

48,820

46,840

44,437

42,363

40,026

37,925

36,101

34,206

32,165

30,109

28,911

25,128

20,948

17,530

12,181

8,218

5,283

2,985

1,651

1,051

976

90

4

0

Software and equipment, net

25,667

26,096

26,303

25,827

25,105

24,765

22,887

22,803

22,857

22,802

21,767

21,530

21,168

20,402

19,924

19,690

17,219

15,201

13,902

13,284

12,913

11,806

10,777

10,172

9,226

8,876

9,053

7,550

Intangible assets and goodwill

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

3,634

Prepaid reinsurance premiums

13,100

15,488

17,917

20,426

27,747

30,370

33,058

35,798

38,557

40,250

39,915

38,919

38,348

37,921

36,091

-

-

0

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

-

-

-

-

-

-

6,880

12,378

16,343

19,929

38,490

45,771

50,529

51,434

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Other assets

44,085

21,171

20,768

12,679

12,736

4,708

5,276

5,836

3,963

3,695

4,973

1,471

734

542

206

85

74

90

2,486

55

56

509

675

57

57

63

59

104

Total assets

1,387,827

1,364,818

1,301,462

1,220,399

1,147,511

1,092,043

1,052,481

1,016,479

987,591

894,848

886,612

862,995

840,162

839,897

792,166

716,428

684,314

662,451

486,897

466,089

461,739

463,265

465,578

466,163

471,184

481,219

461,718

542,768

Liabilities
Term loan

145,521

145,764

146,007

146,253

146,503

146,757

147,009

147,262

143,868

143,882

143,969

143,990

144,010

144,353

144,230

144,107

143,982

143,939

-

-

-

0

-

-

-

-

-

-

Unearned premiums

126,908

136,642

145,146

151,358

154,325

158,893

162,893

165,658

165,590

163,166

161,345

157,152

154,711

152,906

145,401

131,916

109,095

90,773

62,072

39,545

28,054

22,069

13,440

7,679

4,721

1,446

-

0

Accounts payable and accrued expenses

20,745

39,904

39,296

24,351

16,981

31,141

27,134

21,407

21,218

23,364

22,028

21,349

14,175

25,297

32,568

15,502

19,108

22,725

14,230

12,309

6,845

10,646

13,691

8,494

7,373

10,052

9,275

8,707

Reserve for insurance claims and claim expenses

29,479

23,752

20,505

18,432

15,537

12,811

10,908

10,601

10,391

8,761

6,123

5,048

3,761

3,001

2,133

1,475

1,137

679

358

181

187

83

2

28

0

0

-

0

Reinsurance funds withheld

12,735

14,310

16,072

18,092

25,308

27,114

28,953

31,011

33,179

34,102

33,105

32,042

31,243

30,633

28,963

-

-

0

-

-

-

-

-

-

-

-

-

-

Deferred ceding commission

-

-

-

-

-

-

4,161

4,507

4,838

5,024

4,971

4,830

4,790

4,831

6,697

-

-

0

-

-

-

-

-

-

-

-

-

-

Warrant liability, at fair value

1,461

7,641

6,364

9,679

11,831

7,296

10,930

6,391

6,563

7,472

4,046

3,544

3,563

3,367

1,654

856

797

1,467

1,899

2,230

2,124

3,372

3,312

4,552

5,504

6,371

5,452

4,842

Deferred tax liability, net

66,831

56,360

43,769

28,258

12,770

2,740

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Placement fee payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

38,305

Purchase consideration payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,033

Current tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

-

-

-

-

-

1,190

-

602

1,367

-

-

-

-

Deferred tax liability, net

9,257

10,025

10,816

11,597

12,375

3,791

-

-

-

-

-

-

-

-

137

137

137

137

137

137

137

100

133

133

133

133

132

133

Total liabilities

412,937

434,398

427,975

408,020

395,630

390,543

391,988

386,837

385,647

385,771

375,587

367,955

356,253

364,388

361,897

293,993

274,256

259,720

78,696

54,402

38,537

36,307

31,180

22,253

17,731

18,002

14,860

54,020

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders' equity
Common stock - class A shares, $0.01 par value; 68,873,540 and 68,358,074 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively (250,000,000 shares authorized)

689

684

679

677

675

663

663

658

656

605

599

598

-

591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

706,021

707,003

698,393

692,163

684,635

682,181

678,165

670,870

666,905

585,488

583,447

580,499

578,081

576,927

575,148

573,342

571,585

570,340

568,090

566,310

564,915

562,911

560,605

558,432

555,963

553,707

524,280

517,032

Accumulated other comprehensive income, net of tax

4,464

17,288

19,165

14,052

184

-14,832

-16,303

-15,043

-13,533

-2,859

-630

-1,354

-4,054

-5,287

10,974

11,121

2,512

-7,474

-4,574

-4,107

-1,548

-3,607

-3,882

-3,173

-4,012

-7,047

-7,038

1

Retained earnings

263,716

205,445

155,250

105,487

66,387

33,488

-2,032

-26,843

-52,084

-74,157

-72,391

-84,703

-90,716

-96,722

-156,444

-162,619

-164,630

-160,723

-155,902

-151,103

-140,750

-132,930

-122,909

-111,933

-99,079

-84,024

-70,940

-28,840

Total shareholders' equity

974,890

930,420

873,487

812,379

751,881

701,500

660,493

629,642

601,944

509,077

511,025

495,040

483,909

475,509

430,269

422,435

410,058

402,731

408,201

411,687

423,202

426,958

434,398

443,910

453,453

463,217

446,858

488,748

Total liabilities and shareholders' equity

1,387,827

1,364,818

1,301,462

1,220,399

1,147,511

1,092,043

1,052,481

1,016,479

987,591

894,848

886,612

862,995

840,162

839,897

792,166

716,428

684,314

662,451

486,897

466,089

461,739

463,265

465,578

466,163

471,184

481,219

461,718

542,768