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NI Holdings NODK Private Passenger Auto — Ceded Premiums Earned

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$3.96M+59.3%
All Other
$989K+140%

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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:CededPremiumsEarned.

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 private passenger auto — ceded premiums earned?
NI Holdings (NODK) reported private passenger auto — ceded premiums earned of $558K in Q2 2026.
How has NI Holdings's private passenger auto — ceded premiums earned changed year-over-year?
NI Holdings's private passenger auto — ceded premiums earned decreased by 55.2% year-over-year, from $1.25M to $558K.
What is the long-term trend for NI Holdings's private passenger auto — ceded premiums earned?
Over 4 years (2021 to 2025), NI Holdings's private passenger auto — ceded premiums earned has grown at a 3.9% compound annual growth rate (CAGR), from $4.22M to $4.92M.
What does private passenger auto — ceded premiums earned mean?
Reflects the portion of earned premiums that the insurance company has transferred to reinsurers under reinsurance contracts. This metric indicates the extent to which the company utilizes reinsurance to manage risk exposure and capital requirements within the auto insurance segment.

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