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NI Holdings NODK All Other — Policyholder Benefits And Claims Incurred Gross

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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:PolicyholderBenefitsAndClaimsIncurredGross.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Direct losses and loss adjustment expenses$49,836$109,382$73,905$149,761
Assumed losses and loss adjustment expenses2,3882842,50951
Ceded losses and loss adjustment expenses(3,807)(43,059)(4,641)(44,680)
Net losses and loss adjustment expenses$48,417$66,607$71,773$105,132

Item 1. - Financial Statements

FAQ

What is NI Holdings's all other — policyholder benefits and claims incurred gross?
NI Holdings (NODK) reported all other — policyholder benefits and claims incurred gross of $1.15M in Q2 2026.
How has NI Holdings's all other — policyholder benefits and claims incurred gross changed year-over-year?
NI Holdings's all other — policyholder benefits and claims incurred gross decreased by 24.5% year-over-year, from $1.52M to $1.15M.
What is the long-term trend for NI Holdings's all other — policyholder benefits and claims incurred gross?
Over 4 years (2021 to 2025), NI Holdings's all other — policyholder benefits and claims incurred gross has grown at a 80.2% compound annual growth rate (CAGR), from $1.01M to $10.65M.
What does all other — policyholder benefits and claims incurred gross mean?
Measures the total value of claims and benefits incurred by the segment before accounting for any reinsurance recoveries. This provides insight into the raw loss experience and the underlying risk profile of the policies written by the segment.

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