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NI Holdings NODK Products & Services — Premiums Earned Net

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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:PremiumsEarnedNet.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues:
Net premiums earned$65,017$73,005$120,130$140,502
Net investment income2,8103,1465,4655,984
Net investment gains (losses)2,063(410)3,767459
Fee and other income344316474546
Total revenues70,23476,057129,836147,491
Expenses:
Losses and loss adjustment expenses48,41766,60771,773105,132

Item 1. - Financial Statements

FAQ

What is NI Holdings's products & services — premiums earned net?
NI Holdings (NODK) reported products & services — premiums earned net of $65.02M in Q2 2026.
How has NI Holdings's products & services — premiums earned net changed year-over-year?
NI Holdings's products & services — premiums earned net decreased by 10.9% year-over-year, from $73.01M to $65.02M.
What is the long-term trend for NI Holdings's products & services — premiums earned net?
Over 3 years (2022 to 2025), NI Holdings's products & services — premiums earned net has grown at a -6.2% compound annual growth rate (CAGR), from $328.29M to $270.66M.
What does products & services — premiums earned net mean?
This metric represents the total net revenue recognized from insurance operations after accounting for both assumed and ceded reinsurance activities. It is the primary measure of the company's core insurance revenue and is essential for calculating profitability ratios. Investors use this to gauge the company's underlying financial performance and operational efficiency.

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