NMI (NMIH) Proxy Filing summary

Voting matters and shareholder proposals

• Election of nine directors is proposed, with individual nominees listed for shareholder approval.

• Advisory approval of executive compensation is up for a shareholder vote.

• Shareholders are asked to vote on the frequency of future executive compensation votes (every 1, 2, or 3 years).

• Ratification of BDO USA, P.C. as independent auditors is included as a voting item.

• Proxies may vote on other business that arises during the meeting or any adjournment.

Board of directors and corporate governance

• Nine director nominees are presented for election at the annual meeting.

Executive compensation and say-on-pay

• Advisory vote is scheduled for approval of executive compensation.

• Shareholders will determine the preferred frequency for future say-on-pay votes.