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NI Holdings NODK General Insurance Expense

Discontinued — last reported Q3 '25

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Segments

By segment

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Private Passenger Auto$7.58M+2.6%
Crop$1.98M+22.4%
All Other$1.71M+98.6%

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:GeneralInsuranceExpense.

The source filing: NI Holdings’s 10-Q, filed November 7, 2025.

Filed
Nov 7, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001174947-25-001356
Line itemPrivate Passenger AutoNon-Standard AutoHome and FarmCropAll OtherTotal
Gross margin9,092(4,521)5,0865,0251,02615,708
Amortization of deferred policy acquisition costs3,9573,0554,7101,37063313,725
Other underwriting and general expenses (1)2,6081,8883,1273685138,504
Underwriting and general expenses6,5654,9437,8371,7381,14622,229
Underwriting gain (loss)2,527(9,464)(2,751)3,287(120)(6,521)
Fee and other income261
Net investment income3,040
Net investment gains1,362

Item 1. - Financial Statements

FAQ

What is NI Holdings's general insurance expense?
NI Holdings (NODK) reported general insurance expense of $22.23M in Q3 2025.
How has NI Holdings's general insurance expense changed year-over-year?
NI Holdings's general insurance expense decreased by 18.7% year-over-year, from $27.34M to $22.23M.
What is the long-term trend for NI Holdings's general insurance expense?
Over 3 years (2021 to 2024), NI Holdings's general insurance expense has grown at a 2.9% compound annual growth rate (CAGR), from $96.29M to $104.97M.
What does general insurance expense mean?
General Insurance Expense

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