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NI Holdings NODK Increase (Decrease) in Reinsurance Recoverable

Increase (Decrease) in Reinsurance Recoverable at other companies

Progressive logo
ProgressivePGR
-$80M+74.7%
Chubb logo
ChubbCB
-$244M-292%
Allstate logo
AllstateALL
-$78M-106%
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
$40.6M+2.3%
Safety Insurance Group logo
Safety Insurance GroupSAFT
$5.08M-64.8%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
-$98.67M-197%

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:IncreaseDecreaseInReinsuranceRecoverable.

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 increase (decrease) in reinsurance recoverable?
NI Holdings (NODK) reported increase (decrease) in reinsurance recoverable of -$2.01M in Q1 2026.
How has NI Holdings's increase (decrease) in reinsurance recoverable changed year-over-year?
NI Holdings's increase (decrease) in reinsurance recoverable increased by 48.8% year-over-year, from -$3.92M to -$2.01M.
What is the long-term trend for NI Holdings's increase (decrease) in reinsurance recoverable?
Over 2 years (2021 to 2025), NI Holdings's increase (decrease) in reinsurance recoverable has grown at a -78.0% compound annual growth rate (CAGR), from $12.49M to -$604K.
What does increase (decrease) in reinsurance recoverable mean?
Tracks the change in amounts expected to be recovered from reinsurers for claims that have been paid or incurred by the company. This metric highlights the company's reliance on reinsurance to mitigate losses from large claims. An increase in recoverables indicates higher potential future cash inflows from reinsurance partners.