What is NI Holdings's private passenger auto — loss ratio?

NI Holdings (NODK) reported private passenger auto — loss ratio of 46.2% in Q1 2026.

How has NI Holdings's private passenger auto — loss ratio changed year-over-year?

NI Holdings's private passenger auto — loss ratio decreased by 22.5% year-over-year, from 59.6% to 46.2%.

What does private passenger auto — loss ratio mean?

The loss ratio measures the proportion of net premiums earned that are paid out in claims and related adjustment expenses. A lower ratio indicates effective risk selection and underwriting discipline within the auto insurance portfolio.

NI Holdings NODK Private Passenger Auto — Loss Ratio

Other segment segments

Non Standard Auto

99.2%+24.6%

Home And Farm

40.3%-2.4%

All Other

15.7%-57.7%

Similar metrics at other companies

ACGLInsurance — Loss ratio

60.2%-5.8pp

AXSInsurance — Loss Ratio

56.1%+0.5pp

RNRProperty — Loss Ratio

9.3%-121pp

SPNTInsurance & Services — Loss Ratio

56.7%-5.7pp

RNRCasualty and Specialty — Loss Ratio

70.1%-6.0pp

AXSReinsurance — Loss Ratio

66.8%-0.9pp

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 / equity0×0.0×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:LossRatio.

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 — loss ratio?: NI Holdings (NODK) reported private passenger auto — loss ratio of 46.2% in Q1 2026.
How has NI Holdings's private passenger auto — loss ratio changed year-over-year?: NI Holdings's private passenger auto — loss ratio decreased by 22.5% year-over-year, from 59.6% to 46.2%.
What does private passenger auto — loss ratio mean?: The loss ratio measures the proportion of net premiums earned that are paid out in claims and related adjustment expenses. A lower ratio indicates effective risk selection and underwriting discipline within the auto insurance portfolio.