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NI Holdings NODK Products & Services — Ceded Premiums Earned

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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:CededPremiumsEarned.

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 products & services — ceded premiums earned?
NI Holdings (NODK) reported products & services — ceded premiums earned of $5.26M in Q1 2026.
How has NI Holdings's products & services — ceded premiums earned changed year-over-year?
NI Holdings's products & services — ceded premiums earned increased by 11.9% year-over-year, from $4.7M to $5.26M.
What is the long-term trend for NI Holdings's products & services — ceded premiums earned?
Over 3 years (2022 to 2025), NI Holdings's products & services — ceded premiums earned has grown at a -4.0% compound annual growth rate (CAGR), from $47.15M to $41.75M.
What does products & services — ceded premiums earned mean?
This metric reflects the earned portion of premiums that have been ceded to reinsurers over the reporting period. It represents the cost of risk transfer services purchased by the company to stabilize its financial results. Monitoring this helps investors understand the net impact of reinsurance costs on the company's overall revenue recognition.