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NI Holdings NODK Crop — Policyholder Benefits And Claims Incurred Net

Other segment segments

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$12.69M-7.4%
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$1.25M+119%

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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:PolicyholderBenefitsAndClaimsIncurredNet.

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
Fee and other income344316474546
Total revenues70,23476,057129,836147,491
Expenses:
Losses and loss adjustment expenses48,41766,60771,773105,132
Amortization of deferred policy acquisition costs12,23616,37424,12232,902
Other underwriting and general expenses9,3518,40018,00117,032
Total expenses70,00491,381113,896155,066
Income (loss) before income taxes230(15,324)15,940(7,575)

Item 1. - Financial Statements

FAQ

What is NI Holdings's crop — policyholder benefits and claims incurred net?
NI Holdings (NODK) reported crop — policyholder benefits and claims incurred net of $7.67M in Q2 2026.
How has NI Holdings's crop — policyholder benefits and claims incurred net changed year-over-year?
NI Holdings's crop — policyholder benefits and claims incurred net decreased by 9.4% year-over-year, from $8.47M to $7.67M.
What is the long-term trend for NI Holdings's crop — policyholder benefits and claims incurred net?
Over 2 years (2021 to 2023), NI Holdings's crop — policyholder benefits and claims incurred net has grown at a -36.8% compound annual growth rate (CAGR), from $27.83M to $11.13M.
What does crop — policyholder benefits and claims incurred net mean?
The final cost of claims and benefits incurred by the segment after accounting for all reinsurance recoveries. This is a critical metric for assessing the true underwriting performance and the impact of risk transfer strategies on the bottom line.

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