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NI Holdings NODK Crop — 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 crop — policyholder benefits and claims incurred gross?
NI Holdings (NODK) reported crop — policyholder benefits and claims incurred gross of $8.32M in Q2 2026.
How has NI Holdings's crop — policyholder benefits and claims incurred gross changed year-over-year?
NI Holdings's crop — policyholder benefits and claims incurred gross decreased by 20.5% year-over-year, from $10.46M to $8.32M.
What is the long-term trend for NI Holdings's crop — policyholder benefits and claims incurred gross?
Over 2 years (2021 to 2023), NI Holdings's crop — policyholder benefits and claims incurred gross has grown at a -52.8% compound annual growth rate (CAGR), from $79.18M to $17.67M.
What does crop — policyholder benefits and claims incurred gross mean?
The total amount of claims and benefits paid or reserved for policyholders by the segment before any recoveries from reinsurance arrangements. This metric measures the raw underwriting risk and the severity of losses experienced by the segment.

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