NI Holdings NODK Home And Farm — Underwriting Expense Ratio

Other segment segments

Similar metrics at other companies

RNRProperty — Underwriting expense ratio

24.8%+6.2pp

SIGIInsurance Operations — Net underwriting expenses incurred (as a percent)

31.2%-0.4pp

RNRCasualty and Specialty — Underwriting expense ratio

30.3%-4.7pp

AIZUnderwriting, Selling, General and Administrative Expense

$2.29B+9.8%

SPNTInsurance & Services — Other underwriting expenses ratio

6.9%+1.3pp

BRK.AInsurance And Other — Insurance Underwriting Expenses

$4.52B+3.4%

Questions, answered.

What is NI Holdings's home and farm — underwriting expense ratio?

NI Holdings (NODK) reported home and farm — underwriting expense ratio of 37% in Q1 2026.

How has NI Holdings's home and farm — underwriting expense ratio changed year-over-year?

NI Holdings's home and farm — underwriting expense ratio increased by 12.1% year-over-year, from 33% to 37%.

What does home and farm — underwriting expense ratio mean?

This ratio represents the percentage of net premiums earned that is consumed by the costs of acquiring, writing, and servicing home and farm insurance policies. It reflects the operational efficiency of the segment's administrative and distribution functions. Lower ratios indicate that the company is managing its overhead and acquisition costs effectively relative to its premium volume.