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Regulatory Information (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Statutory Net Income (loss), Surplus, Contingency Reserve and Risk-to-Capital Ratio

The following table presents NMIC's statutory surplus, contingency reserve, statutory capital and risk-to-capital (RTC) ratio as of September 30, 2025 and December 31, 2024.



	September 30, 2025		December 31, 2024
	(In Thousands)
Statutory surplus	$	982,245	$	984,362
Contingency reserve	2,161,465		1,905,990
Statutory capital (1)	$	3,143,710	$	2,890,352

Risk-to-capital	13.1:1		12.7:1

(1) Represents the total of the statutory surplus and contingency reserve.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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