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NI Holdings NODK Products & Services — Assumed Premiums Earned

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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:AssumedPremiumsEarned.

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 itemPrivate Passenger AutoNon-Standard AutoHome and FarmCropAll OtherTotal
Direct premiums earned$22,652$943$29,319$13,908$4,282$71,104
Assumed premiums earned5562,0632,619
Ceded premiums earned(558)(1)(3,201)(3,957)(989)(8,706)
Net premiums earned22,09494226,11810,5075,35665,017
Direct losses and loss adjustment expenses12,761(1,524)29,1298,3241,14649,836
Assumed losses and loss adjustment expenses1,7626262,388
Ceded losses and loss adjustment expenses(71)(796)(2,414)(526)(3,807)
Net losses and loss adjustment expenses12,690(1,524)28,3337,6721,24648,417

Item 1. - Financial Statements

FAQ

What is NI Holdings's products & services — assumed premiums earned?
NI Holdings (NODK) reported products & services — assumed premiums earned of $2.62M in Q2 2026.
How has NI Holdings's products & services — assumed premiums earned changed year-over-year?
NI Holdings's products & services — assumed premiums earned increased by 276.3% year-over-year, from $696K to $2.62M.
What is the long-term trend for NI Holdings's products & services — assumed premiums earned?
Over 3 years (2022 to 2025), NI Holdings's products & services — assumed premiums earned has grown at a -26.3% compound annual growth rate (CAGR), from $6.55M to $2.63M.
What does products & services — assumed premiums earned mean?
This metric reflects the earned portion of premiums from assumed reinsurance business during the reporting period. It demonstrates the revenue realized from the company's reinsurance underwriting activities. This is a key indicator of the profitability and performance of the company's assumed risk portfolio.

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