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NI Holdings NODK Other underwriting expenses

Discontinued — last reported Q2 '26

Other underwriting expenses at other companies

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Segments

By segment

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Private Passenger Auto$3.04M+21.9%
Crop$1.08M+99.4%
All Other$529K+501%

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:OtherUnderwritingExpense.

The source filing: NI Holdings’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001174947-26-000777
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Expenses:
Losses and loss adjustment expenses48,41766,60771,773105,132
Amortization of deferred policy acquisition costs12,23616,37424,12232,902
Other underwriting and general expenses9,3518,40018,00117,032
Total expenses70,00491,381113,896155,066
Income (loss) before income taxes230(15,324)15,940(7,575)
Income tax expense (benefit)84(3,273)3,286(1,984)
Net income (loss)$146$(12,051)$12,654$(5,591)

Item 1. - Financial Statements

FAQ

What is NI Holdings's other underwriting expenses?
NI Holdings (NODK) reported other underwriting expenses of $9.35M in Q2 2026.
How has NI Holdings's other underwriting expenses changed year-over-year?
NI Holdings's other underwriting expenses increased by 11.3% year-over-year, from $8.4M to $9.35M.
What is the long-term trend for NI Holdings's other underwriting expenses?
Over 4 years (2021 to 2025), NI Holdings's other underwriting expenses has grown at a 3.6% compound annual growth rate (CAGR), from $31.72M to $36.6M.
What does other underwriting expenses mean?
This encompasses the general administrative and operational costs associated with the underwriting process, excluding direct policy acquisition costs and claims. It reflects the company's operational efficiency in managing its insurance business and supporting its underwriting infrastructure.

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