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NI Holdings NODK Reinsurance Effect On Claims And Benefits Incurred Amount Ceded

Discontinued — last reported Q3 '25

Reinsurance Effect On Claims And Benefits Incurred Amount Ceded at other companies

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NOD
NI HoldingsNODK
$2.41M+0.8%
NOD
NI HoldingsNODK
$526K-36.9%

Segments

By segment

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Crop$2.41M+0.8%
All Other$526K-36.9%
Private Passenger Auto$71K-92.3%

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:ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded.

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
Net premiums earned23,20610,85923,64210,3643,83471,905
Direct losses and loss adjustment expenses15,66415,38015,0296,8374,91857,828
Assumed losses and loss adjustment expenses50419523
Ceded losses and loss adjustment expenses(1,550)3,527(2,002)(2,129)(2,154)
Net losses and loss adjustment expenses14,11415,38018,5565,3392,80856,197
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

Item 1. - Financial Statements

FAQ

What is NI Holdings's reinsurance effect on claims and benefits incurred amount ceded?
NI Holdings (NODK) reported reinsurance effect on claims and benefits incurred amount ceded of $2.15M in Q3 2025.
How has NI Holdings's reinsurance effect on claims and benefits incurred amount ceded changed year-over-year?
NI Holdings's reinsurance effect on claims and benefits incurred amount ceded decreased by 58.6% year-over-year, from $5.21M to $2.15M.
What is the long-term trend for NI Holdings's reinsurance effect on claims and benefits incurred amount ceded?
Over 2 years (2021 to 2023), NI Holdings's reinsurance effect on claims and benefits incurred amount ceded has grown at a -15.8% compound annual growth rate (CAGR), from $71.52M to $50.71M.
What does reinsurance effect on claims and benefits incurred amount ceded mean?
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded

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