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NI Holdings

NODK

NI Holdings, Inc. is a property and casualty insurance holding company that provides a diverse range of personal and commercial insurance products.

Market cap
$305.87M+9.4%
Revenue$267.4M-13.9%
Net income$7.8M+128%
EPS (diluted)$0.38+129%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 7, 2026

Next report

Nov 6, 2026 (in a month)

Financials

Q2 2026

Income statement

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Revenue$70.2M-7.7%
Net income$146.0K+101%
EPS (diluted)$0.01+102%

Balance sheet

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Cash & equivalents$51.6M-9.1%
Total assets$543.1M-12.4%

Cash flow

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CapEx$19.0K-88.3%

Valuation & ratios

Valuation

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Market cap$305.87M+9.4%
P/E39.1×—
P/S1.1×+0.2×

Profitability

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Net margin2.9%—

Competitors

Profile

NI Holdings, Inc. is a property and casualty insurance holding company that provides a diverse range of personal and commercial insurance products. The company leverages a multi-brand strategy to offer protection for automobiles, homes, farms, and agricultural crops across the Midwest and Western United States. Its core value proposition centers on disciplined underwriting, local expertise, and a strong marketing affiliation with the North Dakota Farm Bureau.

Competitive position

A leading domestic property and casualty insurer in North Dakota with a dominant position in the farmowners and crop insurance markets through its Farm Bureau affiliation.

GeographiesUnited States, North Dakota, South Dakota, Nebraska, Illinois, Minnesota, Arizona, Nevada
Customer segmentsIndividual Consumers, Agricultural Producers, Small to Medium Businesses
Business modelB2C Insurance Provider, B2B Insurance Provider, Underwriting
SuppliersReinsurance providers, Federal Crop Insurance Corporation, Risk Management Agency, Investment management services
CustomersCaptive insurance agents, Independent insurance agencies, Individual policyholders, Agricultural businesses
Listed2017
Employees234.0
CEOCindy L. Launer
FilingsSEC EDGAR

FAQ

What is NI Holdings's market cap?
NI Holdings (NODK) has a market capitalization of $305.9M and trades on NASDAQ.
What is NI Holdings's revenue and profitability?
NI Holdings generated $267.4M in trailing twelve-month revenue with net income of $7.8M, representing a net margin of 2.9%. Gross margin stands at 30.2%. The latest reported period is Q2 2026.
Who are NI Holdings's competitors?
NI Holdings's key competitors include Progressive, National General, Chubb, and others. These companies compete in similar markets and product categories.
Who does NI Holdings partner with?
NI Holdings's notable partners include North Dakota Farm Bureau, American Farm Bureau Insurance Services, American Agricultural Insurance Company, and others.
What subsidiaries does NI Holdings have?
NI Holdings's subsidiaries include Nodak Insurance Company, American West Insurance Company, Battle Creek Insurance Company, and others.
Where is NI Holdings headquartered?
NI Holdings is headquartered in United States of America and employs approximately 234 people. It has been publicly traded since 2017.