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NI Holdings NODK Home And Farm — Unearned Premiums

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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:UnearnedPremiums.

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 itemJune 30, 2026December 31, 2025
Total assets$543,134$506,002
Liabilities:
Unpaid losses and loss adjustment expenses$134,757$137,855
Unearned premiums132,424106,498
Reinsurance premiums payable2,000878
Accrued expenses and other liabilities24,57720,434
Total liabilities293,758265,665
Shareholders’ equity:

Item 1. - Financial Statements

FAQ

What is NI Holdings's home and farm — unearned premiums?
NI Holdings (NODK) reported home and farm — unearned premiums of $61.39M in Q2 2026.
How has NI Holdings's home and farm — unearned premiums changed year-over-year?
NI Holdings's home and farm — unearned premiums increased by 10.5% year-over-year, from $55.54M to $61.39M.
What is the long-term trend for NI Holdings's home and farm — unearned premiums?
Over 4 years (2021 to 2025), NI Holdings's home and farm — unearned premiums has grown at a 7.3% compound annual growth rate (CAGR), from $169M to $224.14M.
What does home and farm — unearned premiums mean?
Unearned premiums represent the portion of written premiums that relate to the unexpired period of insurance policies in the home and farm segment. This liability reflects the company's obligation to provide coverage for the remainder of the policy term. Growth in this metric generally indicates an expanding book of business and future revenue potential.

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