NMI Holdings, Inc.NMIH

NMI Holdings, Inc. New Standards Disclosure

10-KFiled Feb 12, 20262 min read
Recent Accounting Pronouncements – Adopted
On January 1 2025, we adopted ASU 2023-09, Income Taxes (Topic 740) on a retrospective basis. The update enhances the disclosure requirements related to tax rate reconciliations and income taxes paid and did not have any effect on our consolidated statement of operations and comprehensive income or consolidated balance sheets. See Note 11, “Income Taxes” for more information.
Recent Accounting Pronouncements – Not Yet Adopted
In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expense (Topic 220). The update expands disclosure requirements related to certain income statement expenses, including a requirement to provide a tabular disaggregation of certain operating expenses by category. The standard will take effect for all public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact the adoption of this ASU will have, if any, on our consolidated financial statements.
In September 2025, the FASB issued ASU 2025-06, Targeted Accounting for Internal-Use Software (Topic 350). The update clarifies the criteria surrounding the capitalization of certain costs and expands related disclosure requirements. The standard will take effect for all public business entities for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted. We are currently evaluating the impact the adoption of this ASU will have, if any, on our consolidated financial statements.
In December 2025, the FASB issued ASU 2025-11, Improving Interim Reporting Guidance (Topic 270). The update establishes a principle that requires entities to disclose material events that have occurred since the end of the last annual reporting period and further clarifies interim disclosure requirements. The standard will take effect for all public business entities for interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact the adoption of this ASU will have, if any, on our consolidated financial statements.

Historical Timeline

Fiscal YearFiled
2025Feb 12, 2026Showing above
2020Feb 24, 2021
2019Feb 14, 2020
2018Feb 14, 2019
2017Feb 16, 2018
2016Feb 17, 2017
2015Feb 19, 2016

About New Standards Disclosures

New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.

Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationPay vs Performance