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NI Holdings NODK Home And Farm — Underwriting Income Loss

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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:UnderwritingIncomeLoss.

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 — underwriting income loss?
NI Holdings (NODK) reported home and farm — underwriting income loss of $5.84M in Q1 2026.
How has NI Holdings's home and farm — underwriting income loss changed year-over-year?
NI Holdings's home and farm — underwriting income loss decreased by 4.4% year-over-year, from $6.1M to $5.84M.
What does home and farm — underwriting income loss mean?
This metric represents the profit or loss generated by the home and farm insurance segment from its core underwriting activities, calculated as net premiums earned minus incurred losses and underwriting expenses. It serves as a primary indicator of the segment's operational profitability before accounting for investment income or corporate overhead. A positive value indicates profitable underwriting, while a negative value reflects an underwriting loss.