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NI Holdings NODK Crop — Loss Ratio

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57.4%-4.0%
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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:LossRatio.

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
Income tax expense (benefit)84
Net income (loss)$146
Operating Ratios:
Loss and loss adjustment expense ratio57.4%(161.8%)108.5%73.0%23.3%74.5%
Expense ratio34.3%97.6%36.0%18.8%31.9%33.2%
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

Item 1. - Financial Statements

FAQ

What is NI Holdings's crop — loss ratio?
NI Holdings (NODK) reported crop — loss ratio of 73% in Q2 2026.
How has NI Holdings's crop — loss ratio changed year-over-year?
NI Holdings's crop — loss ratio decreased by 7.7% year-over-year, from 79.1% to 73%.
What does crop — loss ratio mean?
The loss ratio measures the proportion of net premiums earned that is paid out in claims and related adjustment expenses. It serves as a primary indicator of the quality and risk profile of the insurance policies underwritten in the crop segment. A lower ratio generally reflects more effective risk management and underwriting discipline.

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