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NI Holdings NODK All Other — Deferred Policy Acquisition Costs Impairment Loss

Other segment segments

Crop
$805K+2.4%
Private Passenger Auto
$314K-95.6%

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Other financials

Income statement

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Revenue$70.2M-7.7%
Gross profit$15.7M-13.5%
Net income$146.0K+101%
EPS (diluted)$0.01+102%

Balance sheet

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Cash & equivalents$51.6M-9.1%
Total debt$1.4M-67.2%
Total equity$243.8M+1.0%
Total assets$543.1M-12.4%

Cash flow

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Operating cash flow-$1.9M-119%
CapEx$19.0K-88.3%
Free cash flow-$1.9M-119%

Valuation

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Market cap$313.01M+19.6%
P/E40×
P/S1.2×+0.3×

Profitability

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Gross margin30.2%-1.8pp
Net margin2.9%
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:DeferredPolicyAcquisitionCostsImpairmentLoss.

The source filing: NI Holdings’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001174947-26-000777
Line itemPrivate Passenger AutoNon-Standard AutoHome and FarmCropAll OtherTotal
Combined ratio91.7%(64.2%)144.5%91.8%55.2%107.7%
Balances at June 30, 2026:
Premiums and agents’ balances receivable$26,595$15$12,479$34,763$3,937$77,789
Deferred policy acquisition costs7,0991611,2761,8151,68921,895
Reinsurance recoverables on losses6702,5362,4236,81212,441
Receivable from Federal Crop Insurance Corporation16,38016,380
Unpaid losses and loss adjustment expenses30,80845,68835,82611,15511,280134,757
Unearned premiums38,47839261,39322,9639,198132,424

Item 1. - Financial Statements

FAQ

What is NI Holdings's all other — deferred policy acquisition costs impairment loss?
NI Holdings (NODK) reported all other — deferred policy acquisition costs impairment loss of $154K in Q2 2026.
How has NI Holdings's all other — deferred policy acquisition costs impairment loss changed year-over-year?
NI Holdings's all other — deferred policy acquisition costs impairment loss decreased by 89.4% year-over-year, from $1.46M to $154K.
What does all other — deferred policy acquisition costs impairment loss mean?
Represents the write-down of capitalized costs associated with acquiring new insurance policies when the expected future revenue is no longer sufficient to recover these costs. High impairment losses may signal poor policy profitability or aggressive initial capitalization.

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