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NI Holdings NODK Products & Services — Direct 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:DirectPremiumsEarned.

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 — direct premiums earned?
NI Holdings (NODK) reported products & services — direct premiums earned of $71.1M in Q2 2026.
How has NI Holdings's products & services — direct premiums earned changed year-over-year?
NI Holdings's products & services — direct premiums earned decreased by 13.9% year-over-year, from $82.54M to $71.1M.
What is the long-term trend for NI Holdings's products & services — direct premiums earned?
Over 3 years (2022 to 2025), NI Holdings's products & services — direct premiums earned has grown at a -5.7% compound annual growth rate (CAGR), from $368.89M to $309.78M.
What does products & services — direct premiums earned mean?
This metric measures the portion of direct premiums written that has been recognized as revenue over the policy period. It reflects the actual insurance coverage provided to policyholders during the reporting timeframe. Investors use this to evaluate the company's realized revenue generation from its direct underwriting activities.

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