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NI Holdings NODK Private Passenger Auto — Ceded Premiums Earned

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$3.09M+10.8%
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$4K-84.0%

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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 private passenger auto — ceded premiums earned?
NI Holdings (NODK) reported private passenger auto — ceded premiums earned of $552K in Q1 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 52.8% year-over-year, from $1.17M to $552K.
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.