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NI Holdings NODK Change in loss reserves

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Other financials

Income statement

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Revenue$59.6M-16.6%
Gross profit$15.7M-13.5%
Net income$12.5M+93.6%
EPS (diluted)$0.60+93.5%

Balance sheet

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Cash & equivalents$57.7M+0.9%
Total debt$1.4M-67.2%
Total equity$243.8M+1.0%
Total assets$492.1M-6.3%

Cash flow

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Operating cash flow-$1.9M-119%
CapEx$42.0K+110%
Free cash flow-$1.9M-119%

Valuation

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Market cap$324.43M+26.1%
P/S1.2×+0.4×

Profitability

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Gross margin30.2%-1.8pp
Net margin-1.6%
FCF margin-2.4%

Returns & leverage

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Return on equity-5%-2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve.

The official record: NI Holdings’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NI Holdings's change in loss reserves?
NI Holdings (NODK) reported change in loss reserves of -$14.26M in Q1 2026.
How has NI Holdings's change in loss reserves changed year-over-year?
NI Holdings's change in loss reserves decreased by 917.2% year-over-year, from -$1.4M to -$14.26M.
What does change in loss reserves mean?
Measures the net change in the liability established for unpaid claims and claims adjustment expenses during the reporting period. An increase indicates higher anticipated future claim payouts, while a decrease may reflect favorable claim development or settlement. This is a primary indicator of underwriting risk and the adequacy of the company's insurance reserves.