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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$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:OtherUnderwritingExpense.

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
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)
Income tax expense (benefit)84(3,273)3,286(1,984)
Net income (loss)$146$(12,051)$12,654$(5,591)

Item 1. - Financial Statements

FAQ

What is NI Holdings's home and farm — other underwriting expense?
NI Holdings (NODK) reported home and farm — other underwriting expense of $3.95M in Q2 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 27.4% year-over-year, from $3.1M to $3.95M.
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.

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