NMI (NMIH) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 14, 2026, to elect nine directors, approve executive compensation on an advisory basis, and ratify the appointment of BDO USA, P.C. as independent auditors.

• 2025 saw record financial results: $706M in revenue (up 9%), $389M net income (up 8%), and $4.92 EPS (up 11%).

• The company emphasizes sustainable, risk-responsible growth, industry-leading credit performance, and strong stakeholder engagement.

Voting matters and shareholder proposals

• Proposals include election of nine directors, advisory approval of executive compensation, and ratification of BDO USA, P.C. as auditors.

• Board recommends voting FOR all proposals.

• Shareholders of record as of March 16, 2026, are entitled to vote; each share equals one vote.

• Stockholder proposals for the 2027 meeting must be submitted by November 26, 2026.

Board of directors and corporate governance

• Board consists of nine members, with 78% independent and 33% female representation; average tenure is 8 years.

• Board leadership is separated: Executive Chairman, CEO, and Lead Independent Director roles are distinct.

• Four standing committees: Audit, Governance and Nominating, Risk, and Compensation, all chaired by independent directors.

• Board refreshment and diversity are emphasized, with regular evaluations and stock ownership requirements for directors.