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NI Holdings NODK Crop — Unearned Premiums

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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$318.49M+20.5%
P/E40.7×
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:UnearnedPremiums.

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 itemJune 30, 2026December 31, 2025
Total assets$543,134$506,002
Liabilities:
Unpaid losses and loss adjustment expenses$134,757$137,855
Unearned premiums132,424106,498
Reinsurance premiums payable2,000878
Accrued expenses and other liabilities24,57720,434
Total liabilities293,758265,665
Shareholders’ equity:

Item 1. - Financial Statements

FAQ

What is NI Holdings's crop — unearned premiums?
NI Holdings (NODK) reported crop — unearned premiums of $22.96M in Q2 2026.
How has NI Holdings's crop — unearned premiums changed year-over-year?
NI Holdings's crop — unearned premiums increased by 8.4% year-over-year, from $21.18M to $22.96M.
What does crop — unearned premiums mean?
This represents the portion of written premiums for crop insurance policies that has not yet been earned as of the reporting date. It serves as a liability on the balance sheet, reflecting the company's obligation to provide coverage for the remainder of the policy term. Growth in this metric often signals an expansion in the volume of business written by the segment.

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