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NI Holdings NODK Crop — Ceded Premiums Earned

Other segment segments

All Other
$989K+140%
Private Passenger Auto
$558K-55.2%

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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:CededPremiumsEarned.

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
Direct premiums earned$22,652$943$29,319$13,908$4,282$71,104
Assumed premiums earned5562,0632,619
Ceded premiums earned(558)(1)(3,201)(3,957)(989)(8,706)
Net premiums earned22,09494226,11810,5075,35665,017
Direct losses and loss adjustment expenses12,761(1,524)29,1298,3241,14649,836
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

Item 1. - Financial Statements

FAQ

What is NI Holdings's crop — ceded premiums earned?
NI Holdings (NODK) reported crop — ceded premiums earned of $3.96M in Q2 2026.
How has NI Holdings's crop — ceded premiums earned changed year-over-year?
NI Holdings's crop — ceded premiums earned increased by 59.3% year-over-year, from $2.48M to $3.96M.
What is the long-term trend for NI Holdings's crop — ceded premiums earned?
Over 4 years (2021 to 2025), NI Holdings's crop — ceded premiums earned has grown at a -2.2% compound annual growth rate (CAGR), from $18.8M to $17.18M.
What does crop — ceded premiums earned mean?
Reflects the portion of premiums that the insurance company transfers to reinsurers in exchange for risk coverage. This metric is essential for understanding the company's risk mitigation strategy and the net retention of its underwriting portfolio.

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