NI Holdings, Inc.

NI Holdings, Inc.

NODK
NI Holdings, Inc.US flagNASDAQ Capital Market
15.77
USD
-0.32
- -
322.99MMarket Cap
NI Holdings, Inc.
NODK
(NASDAQ Capital Market)

Recent

price

15.77

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.1
8.57
7.12
8.4
9.5
12.21
14.07
15.12
12.55
14.37
15.51
13.58
13.03
Revenue per Share
0.81
1.03
0.2
0.71
1.39
1.19
1.86
0.39
-2.49
-0.26
-0.29
-0.5
-0.21
Basic EPS, GAAP
0.61
1.01
0.32
0.82
0.87
1.1
2.31
1.33
-0.76
2.38
1.79
-0.74
-1.3
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
6.92
7.94
6.07
6.8
8.24
9.86
11.89
12.48
10.05
9.86
9.62
9.11
9.71
Book Value per Share
7.83
8.66
6.56
11.24
12.13
13.84
15.19
15.39
11.06
11.71
11.66
11.45
11.93
Tangible Book Value per Share
17
17
23
23
22
22
22
21
21
21
21
21
21
Basic Weighted Avg Shares
138
146
164
189
212
271
306
324
268
304
325
285
273
Sales/Revenue/Turnover
14.67
17.76
3.74
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
1
- -
1
4
2
6
1
1
1
1
1
1
Depreciation Expense
14
17
5
16
31
26
40
8
-53
-5
-6
-10
-4
Net Income, GAAP
31.65
32.03
24.18
29.06
20.22
21.62
21.72
26.3
- -
3.48
34.94
- -
20.38
Effective Tax Rate (%)
10
11.98
2.78
8.45
14.64
9.75
13.18
2.6
-19.83
-1.8
-1.86
-3.65
-1.6
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
136
150
153
256
276
310
349
347
253
250
245
240
250
Total Equity
- -
12.26
3.06
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
13.82
3.31
10.93
18.43
13.11
16.91
3.2
-22.04
-2.59
-2.95
-5.3
-2.12
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
285
280
270

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
161
183
189
Accounts Receivable, Net
117
69
63
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
1
1
2
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.91%
-6.54%
-1.76%
Free Cash Flow
-54.64%
-155.75%
-141.29%
Net Income, GAAP
-50.75%
-163.45%
71.83%
Sales/Revenue/Turnover
7.74%
-0.69%
-12.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
74
88
89
74
325
2025
71
76
77
61
285
2026
60
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
-0.94
-0.13
- -
-0.29
2025
0.31
-0.57
-0.08
- -
-0.5
2026
0.6
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
NI Holdings, Inc. (NASDAQ: NODK) is a holding company that, through its insurance subsidiaries, provides property and casualty insurance products and services primarily in the United States. The company offers a range of personal and commercial lines including home, farm, and ranch insurance; auto insurance; crop insurance; and commercial property and casualty coverage such as workers' compensation, general liability, and commercial auto policies. Its subsidiaries, including National Insurance and Indemnity Company and Nodak Mutual Insurance Company, underwrite these products with a focus on the Midwest region, particularly North Dakota, Minnesota, and surrounding states. Founded in 2017 and headquartered in Fargo, North Dakota, NI Holdings operates in the property and casualty insurance industry, targeting individuals, farmers, ranchers, and small to medium-sized businesses in rural and agricultural markets. The company maintains a mutual-to-stock conversion structure, with Nodak Mutual Insurance Company as a key affiliate contributing to its diversified portfolio of insurance solutions. Geographic operations center on the Upper Midwest, with expansion efforts into adjacent states to broaden its customer base. In recent developments, NI Holdings has pursued strategic growth through acquisitions and operational enhancements, including the integration of acquired agencies to strengthen its agency network and distribution channels within the last two years. The company reported steady premium growth and maintained a strong balance sheet amid market volatility, with no major name changes or reorganizations noted in 2024-2025. These efforts underscore its commitment to expanding commercial lines and enhancing digital service offerings for policyholders.

Company News

APIChatGPT
  • NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2026

  • NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2025

  • NI Holdings, Inc. (NASDAQ:NODK) Short Interest Down 14.4% in January

  • NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2025

  • NI Holdings, Inc. Announces Leadership Change

  • NI Holdings, Inc. Announces $5M Repurchase Plan

  • NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2025

  • NI Holdings, Inc. Announces Leadership Appointment

  • NI Holdings, Inc. Announces Executive Leadership Appointments

  • AM Best Downgrades Issuer Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc.

  • NI Holdings: Fully Demutualize, Remutualize, Or Neither, It's A Buy

  • NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2025

  • NI Holdings, Inc. Announces Leadership Transition

  • NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2024

  • A Deal For NI Holdings Where Everyone Wins

  • NI Holdings, Inc. Announces Leadership Change

  • NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2024

  • NI Holdings, Inc. Completes the Sale of Westminster American Insurance Company

  • AM Best Places Credit Ratings of Westminster American Insurance Company Under Review With Negative Implications

  • NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024