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NI Holdings NODK Private Passenger Auto — Other Underwriting Expense

Other segment segments

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$3.92M+40.1%
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$885K-10.3%
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$744K-62.0%

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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:OtherUnderwritingExpense.

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 — other underwriting expense?
NI Holdings (NODK) reported private passenger auto — other underwriting expense of $3.16M in Q1 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 9.2% year-over-year, from $2.89M to $3.16M.
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.