What is NI Holdings's loss ratio?

NI Holdings (NODK) reported loss ratio of 78.2% in Q3 2025.

How has NI Holdings's loss ratio changed year-over-year?

NI Holdings's loss ratio decreased by 0.0% year-over-year, from 78.2% to 78.2%.

What is the long-term trend for NI Holdings's loss ratio?

Over 2 years (2022 to 2024), NI Holdings's loss ratio has grown at a -11.6% compound annual growth rate (CAGR), from 363.3% to 283.9%.

NI Holdings NODK Loss Ratio

Discontinued — last reported Q3 '25

Segments

By segment

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Non Standard Auto99.2%+24.6%

Private Passenger Auto46.2%-22.5%

Home And Farm40.3%-2.4%

All Other15.7%-57.7%

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 / equity0×0.0×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:LossRatio.

The official record: NI Holdings’s 10-Q, filed November 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is NI Holdings's loss ratio?: NI Holdings (NODK) reported loss ratio of 78.2% in Q3 2025.
How has NI Holdings's loss ratio changed year-over-year?: NI Holdings's loss ratio decreased by 0.0% year-over-year, from 78.2% to 78.2%.
What is the long-term trend for NI Holdings's loss ratio?: Over 2 years (2022 to 2024), NI Holdings's loss ratio has grown at a -11.6% compound annual growth rate (CAGR), from 363.3% to 283.9%.