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NI Holdings NODK All Other — Gross Profit

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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:GrossProfit.

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
Assumed losses and loss adjustment expenses1,7626262,388
Ceded losses and loss adjustment expenses(71)(796)(2,414)(526)(3,807)
Net losses and loss adjustment expenses12,690(1,524)28,3337,6721,24648,417
Gross margin9,4042,466(2,215)2,8354,11016,600
Amortization of deferred policy acquisition costs4,5451625,4489001,18112,236
Other underwriting and general expenses (1)3,0377573,9491,0795299,351
Underwriting and general expenses7,5829199,3971,9791,71021,587
Underwriting gain (loss)1,8221,547(11,612)8562,400(4,987)

Item 1. - Financial Statements

FAQ

What is NI Holdings's all other — gross profit?
NI Holdings (NODK) reported all other — gross profit of $4.11M in Q2 2026.
How has NI Holdings's all other — gross profit changed year-over-year?
NI Holdings's all other — gross profit increased by 37.6% year-over-year, from $2.99M to $4.11M.
What is the long-term trend for NI Holdings's all other — gross profit?
Over 4 years (2021 to 2025), NI Holdings's all other — gross profit has grown at a 30.3% compound annual growth rate (CAGR), from $3.1M to $8.93M.
What does all other — gross profit mean?
Calculated as net premiums earned minus net policyholder benefits and claims, this reflects the core underwriting margin of the segment. It indicates the segment's ability to price its products effectively relative to the risks assumed.

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