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NI Holdings NODK Private Passenger Auto — Policyholder Benefits And Claims Incurred Net

Other segment segments

Home And Farm
$10.36M+5.9%
Non Standard Auto
$2.58M-82.2%
All Other
$814K-32.4%

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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:PolicyholderBenefitsAndClaimsIncurredNet.

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 — policyholder benefits and claims incurred net?
NI Holdings (NODK) reported private passenger auto — policyholder benefits and claims incurred net of $10.29M in Q1 2026.
How has NI Holdings's private passenger auto — policyholder benefits and claims incurred net changed year-over-year?
NI Holdings's private passenger auto — policyholder benefits and claims incurred net decreased by 23.7% year-over-year, from $13.5M to $10.29M.
What is the long-term trend for NI Holdings's private passenger auto — policyholder benefits and claims incurred net?
Over 4 years (2021 to 2025), NI Holdings's private passenger auto — policyholder benefits and claims incurred net has grown at a -1.9% compound annual growth rate (CAGR), from $59.72M to $55.26M.
What does private passenger auto — policyholder benefits and claims incurred net mean?
The net cost of claims and benefits incurred by the segment after accounting for reinsurance recoveries. This figure provides a clearer view of the actual loss burden retained by the company and is essential for evaluating underwriting performance.