What is NI Holdings's crop — loss ratio?

NI Holdings (NODK) reported crop — loss ratio of 103.4% in Q1 2026.

How has NI Holdings's crop — loss ratio changed year-over-year?

NI Holdings's crop — loss ratio decreased by 22.1% year-over-year, from 132.7% to 103.4%.

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.

NI Holdings NODK Crop — Loss Ratio

Other segment segments

Non Standard Auto

99.2%+24.6%

Private Passenger Auto

46.2%-22.5%

Home And Farm

40.3%-2.4%

All Other

15.7%-57.7%

Similar metrics at other companies

AXSInsurance — Loss Ratio

56.1%+0.5pp

ACGLInsurance — Loss ratio

60.2%-5.8pp

RNRProperty — Loss Ratio

9.3%-121pp

AXSReinsurance — Loss Ratio

66.8%-0.9pp

ACGLReinsurance — Loss ratio

51.7%-15.2pp

ESN

ESNTReinsurance — Loss ratio

33.9%—

Other financials

Income statement

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Revenue$59.6M-16.6%

Gross profit$15.7M-13.5%

Net income$12.5M+93.6%

EPS (diluted)$0.60+93.5%

Balance sheet

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Cash & equivalents$57.7M+0.9%

Total debt$1.4M-67.2%

Total equity$243.8M+1.0%

Total assets$492.1M-6.3%

Cash flow

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Operating cash flow-$1.9M-119%

CapEx$42.0K+110%

Free cash flow-$1.9M-119%

Valuation

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Market cap$324.43M+26.1%

P/S1.2×+0.4×

Profitability

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Gross margin30.2%-1.8pp

Net margin-1.6%—

FCF margin-2.4%—

Returns & leverage

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Return on equity-5%-2.1pp

Debt / equity0×0.0×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:LossRatio.

The official record: NI Holdings’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NI Holdings's crop — loss ratio?: NI Holdings (NODK) reported crop — loss ratio of 103.4% in Q1 2026.
How has NI Holdings's crop — loss ratio changed year-over-year?: NI Holdings's crop — loss ratio decreased by 22.1% year-over-year, from 132.7% to 103.4%.
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.