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NI Holdings NODK Private Passenger Auto — Other Underwriting Expense

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$1.08M+99.4%
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$529K+501%

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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:OtherUnderwritingExpense.

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
Expenses:
Losses and loss adjustment expenses48,41766,60771,773105,132
Amortization of deferred policy acquisition costs12,23616,37424,12232,902
Other underwriting and general expenses9,3518,40018,00117,032
Total expenses70,00491,381113,896155,066
Income (loss) before income taxes230(15,324)15,940(7,575)
Income tax expense (benefit)84(3,273)3,286(1,984)
Net income (loss)$146$(12,051)$12,654$(5,591)

Item 1. - Financial Statements

FAQ

What is NI Holdings's private passenger auto — other underwriting expense?
NI Holdings (NODK) reported private passenger auto — other underwriting expense of $3.04M in Q2 2026.
How has NI Holdings's private passenger auto — other underwriting expense changed year-over-year?
NI Holdings's private passenger auto — other underwriting expense increased by 21.9% year-over-year, from $2.49M to $3.04M.
What is the long-term trend for NI Holdings's private passenger auto — other underwriting expense?
Over 3 years (2022 to 2025), NI Holdings's private passenger auto — other underwriting expense has grown at a 13.7% compound annual growth rate (CAGR), from $8.15M to $11.98M.
What does private passenger auto — other underwriting expense mean?
Includes various operational costs directly associated with the underwriting process, excluding general administrative overhead and acquisition costs. Monitoring this helps assess the efficiency of the segment's day-to-day underwriting operations.

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