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NI Holdings NODK Crop — Underwriting Income Loss

Other segment segments

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$5.84M-4.4%
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$4.31M+141%
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$2.69M+585%
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-$1.62M+64.5%

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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:UnderwritingIncomeLoss.

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 — underwriting income loss?
NI Holdings (NODK) reported crop — underwriting income loss of $6K in Q1 2026.
How has NI Holdings's crop — underwriting income loss changed year-over-year?
NI Holdings's crop — underwriting income loss decreased by 93.9% year-over-year, from $99K to $6K.
What is the long-term trend for NI Holdings's crop — underwriting income loss?
Over 4 years (2021 to 2025), NI Holdings's crop — underwriting income loss has grown at a -10.6% compound annual growth rate (CAGR), from -$9.2M to $5.87M.
What does crop — underwriting income loss mean?
This metric represents the profit or loss generated from insurance underwriting activities within the crop insurance segment before investment income. It is calculated by subtracting net claims incurred and underwriting expenses from net premiums earned. A positive value indicates profitable risk selection and pricing, while a negative value suggests underwriting losses.