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NI Holdings NODK Home And Farm — Policyholder Benefits And Claims Incurred Net

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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 home and farm — policyholder benefits and claims incurred net?
NI Holdings (NODK) reported home and farm — policyholder benefits and claims incurred net of $28.33M in Q2 2026.
How has NI Holdings's home and farm — policyholder benefits and claims incurred net changed year-over-year?
NI Holdings's home and farm — policyholder benefits and claims incurred net increased by 4.9% year-over-year, from $27.01M to $28.33M.
What is the long-term trend for NI Holdings's home and farm — policyholder benefits and claims incurred net?
Over 4 years (2021 to 2025), NI Holdings's home and farm — policyholder benefits and claims incurred net has grown at a 4.2% compound annual growth rate (CAGR), from $52.15M to $61.42M.
What does home and farm — policyholder benefits and claims incurred net mean?
The net cost of claims and benefits incurred after accounting for reinsurance recoveries. This represents the actual loss burden borne by the segment's own capital. It is a critical component in determining the segment's underwriting profitability and loss ratio.

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