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NI Holdings NODK Home And Farm — 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 home and farm — other underwriting expense?
NI Holdings (NODK) reported home and farm — other underwriting expense of $3.92M in Q1 2026.
How has NI Holdings's home and farm — other underwriting expense changed year-over-year?
NI Holdings's home and farm — other underwriting expense increased by 40.1% year-over-year, from $2.8M to $3.92M.
What is the long-term trend for NI Holdings's home and farm — other underwriting expense?
Over 3 years (2022 to 2025), NI Holdings's home and farm — other underwriting expense has grown at a 16.7% compound annual growth rate (CAGR), from $8.44M to $13.41M.
What does home and farm — other underwriting expense mean?
Includes miscellaneous costs directly associated with the underwriting process that are not classified as general insurance expenses or acquisition costs. This metric provides insight into the operational overhead required to maintain the segment's underwriting activities. Monitoring this helps in evaluating the cost-efficiency of the segment's operations.