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NI Holdings NODK Other underwriting expenses ratio

Discontinued — last reported Q3 '25

Segments

By segment

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Non Standard Auto63.2%+39.2%
Home And Farm37%+12.1%
Private Passenger Auto34.5%+5.8%
All Other32.4%-36.1%

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:UnderwritingExpenseRatio.

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 other underwriting expenses ratio?
NI Holdings (NODK) reported other underwriting expenses ratio of 30.9% in Q3 2025.
How has NI Holdings's other underwriting expenses ratio changed year-over-year?
NI Holdings's other underwriting expenses ratio decreased by 5.8% year-over-year, from 32.8% to 30.9%.
What is the long-term trend for NI Holdings's other underwriting expenses ratio?
Over 2 years (2022 to 2024), NI Holdings's other underwriting expenses ratio has grown at a 6.2% compound annual growth rate (CAGR), from 120% to 135.4%.