What is NI Holdings's all other — combined ratio?

NI Holdings (NODK) reported all other — combined ratio of 48.1% in Q1 2026.

How has NI Holdings's all other — combined ratio changed year-over-year?

NI Holdings's all other — combined ratio decreased by 45.2% year-over-year, from 87.8% to 48.1%.

What does all other — combined ratio mean?

The sum of the loss ratio and the underwriting expense ratio, providing a comprehensive measure of the segment's underwriting profitability. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.

NI Holdings NODK All Other — Combined Ratio

Other segment segments

Non Standard Auto

162.4%+29.9%

Private Passenger Auto

80.7%-12.5%

Home And Farm

77.3%+4.0%

Similar metrics at other companies

EIGCombined Ratio

110.9%+13.0pp

PGRUnderwriting operations — Combined ratio

86.4%+0.4pp

SIGIInsurance Operations — Combined Ratio

98.3%+2.2pp

SPNTReinsurance — Combined Ratio

84.2%-12.9pp

AXSInsurance — Combined Ratio

86.3%-0.4pp

SPNTInsurance & Services — Combined Ratio

92%-2.0pp

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 / equity0×0.0×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:CombinedRatio.

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 all other — combined ratio?: NI Holdings (NODK) reported all other — combined ratio of 48.1% in Q1 2026.
How has NI Holdings's all other — combined ratio changed year-over-year?: NI Holdings's all other — combined ratio decreased by 45.2% year-over-year, from 87.8% to 48.1%.
What does all other — combined ratio mean?: The sum of the loss ratio and the underwriting expense ratio, providing a comprehensive measure of the segment's underwriting profitability. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.