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NI Holdings NODK Private Passenger Auto — Deferred Policy Acquisition Costs Impairment Loss

Other segment segments

Crop
$805K+2.4%
All Other
$154K-89.4%

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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:DeferredPolicyAcquisitionCostsImpairmentLoss.

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
Combined ratio91.7%(64.2%)144.5%91.8%55.2%107.7%
Balances at June 30, 2026:
Premiums and agents’ balances receivable$26,595$15$12,479$34,763$3,937$77,789
Deferred policy acquisition costs7,0991611,2761,8151,68921,895
Reinsurance recoverables on losses6702,5362,4236,81212,441
Receivable from Federal Crop Insurance Corporation16,38016,380
Unpaid losses and loss adjustment expenses30,80845,68835,82611,15511,280134,757
Unearned premiums38,47839261,39322,9639,198132,424

Item 1. - Financial Statements

FAQ

What is NI Holdings's private passenger auto — deferred policy acquisition costs impairment loss?
NI Holdings (NODK) reported private passenger auto — deferred policy acquisition costs impairment loss of $314K in Q2 2026.
How has NI Holdings's private passenger auto — deferred policy acquisition costs impairment loss changed year-over-year?
NI Holdings's private passenger auto — deferred policy acquisition costs impairment loss decreased by 95.6% year-over-year, from $7.19M to $314K.
What does private passenger auto — deferred policy acquisition costs impairment loss mean?
This metric reflects the write-down of capitalized costs associated with acquiring new insurance policies when the expected future profitability of those policies is insufficient to recover the costs. It serves as a signal of potential adverse trends in policy retention or pricing adequacy.

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