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NI Holdings NODK Crop — Other Underwriting Expense

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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×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:OtherUnderwritingExpense.

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 — other underwriting expense?
NI Holdings (NODK) reported crop — other underwriting expense of -$53K in Q1 2026.
What is the long-term trend for NI Holdings's crop — other underwriting expense?
Over 3 years (2022 to 2025), NI Holdings's crop — other underwriting expense has grown at a 43.5% compound annual growth rate (CAGR), from $400K to $1.18M.
What does crop — other underwriting expense mean?
Captures miscellaneous costs directly associated with the underwriting process that are not classified as general administrative expenses. Monitoring this helps identify operational inefficiencies or specific cost drivers within the segment's underwriting workflow.