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    <link:label id="lab_us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_8C619B93B796D6E6243EC123A8B15323_terseLabel_en-US" xlink:label="lab_us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_5DB1C21D1BC25C87872C90347173201F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statutory net loss</link:label>
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    <link:label id="lab_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance_283B32D963ADAF0795B4C123A8B18085_terseLabel_en-US" xlink:label="lab_us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance_31D864725C1E546AABC48B5C3A3B2C0C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statutory surplus</link:label>
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    <link:label id="lab_nmih_StatutoryAccountingPracticesContingencyReserve_2A8F79812C24810B7265C123A8B108FE_documentation_en-US" xlink:label="lab_nmih_StatutoryAccountingPracticesContingencyReserve_9ED35CFC06CB54C1BA7100106E31C35C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contingency reserve recorded under Statutory Accounting Principles is a liability to protect against loss during periods of extreme contraction.</link:label>
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    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_FFF52E39AC08C1E88292C123A9835A78_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_0FB92E68D2335F84BFCA51010A340B4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_D3DE901C941B8557FD151E3D17754594" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_D3DE901C941B8557FD151E3D17754594" xlink:type="arc" />
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    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_09DB6697FD9461AEFB9F1E3D1775F4FD_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_09DB6697FD9461AEFB9F1E3D1775F4FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_09DB6697FD9461AEFB9F1E3D1775F4FD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_09DB6697FD9461AEFB9F1E3D1775F4FD" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_09DB6697FD9461AEFB9F1E3D1775F4FD" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecurities_C0C567DAFD13181B1A071E3D17755D08_totalLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecurities_C0C567DAFD13181B1A071E3D17755D08" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_C0C567DAFD13181B1A071E3D17755D08" xlink:type="locator" />
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    <link:label id="lab_nmih_RiskInForceCeded_0FC420B76D4DFBF07AE7226C1ECA68DC_label_en-US" xlink:label="lab_nmih_RiskInForceCeded_0FC420B76D4DFBF07AE7226C1ECA68DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk In Force, Ceded</link:label>
    <link:label id="lab_nmih_RiskInForceCeded_0FC420B76D4DFBF07AE7226C1ECA68DC_documentation_en-US" xlink:label="lab_nmih_RiskInForceCeded_0FC420B76D4DFBF07AE7226C1ECA68DC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risk In Force, Ceded</link:label>
    <link:loc xlink:href="nmih-20160930.xsd#nmih_RiskInForceCeded" xlink:label="loc_nmih_RiskInForceCeded_0FC420B76D4DFBF07AE7226C1ECA68DC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CededPremiumsWritten_94DA7E397351C8D62C6D226C1ECCBB5E_negatedLabel_en-US" xlink:label="lab_us-gaap_CededPremiumsWritten_94DA7E397351C8D62C6D226C1ECCBB5E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Ceded premiums written</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CededPremiumsWritten" xlink:label="loc_us-gaap_CededPremiumsWritten_94DA7E397351C8D62C6D226C1ECCBB5E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="loc_us-gaap_CededPremiumsEarned_4A182E650CDA3E4C3DC6226C1ECC7401" xlink:type="locator" />
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