NI Holdings/$NODK

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About NI Holdings

NI Holdings Inc is a stockholding company. Through its subsidiaries, the company operates in the insurance industry, offering homeowners and farmowners insurance policies, crop insurance policies, home insurance policies, etc. These insurance products are distributed through a network of exclusive and independent agents across the United States. The group's reportable segments are: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which mainly consists of commercial, assumed reinsurance, and its excess liability business). Maximum revenue is generated from the Home and Farm segment.
Ticker
$NODK
Sector
Finance
Primary listing
NASDAQ
Employees
169
Headquarters
Fargo, United States
Website
www.niholdingsinc.com

NI Holdings Metrics

BasicAdvanced
$305M
39.95
$0.37
0.35
-

Bulls say / Bears say

The financial turnaround is becoming tangible: NI Holdings posted $12.7 million of first-half net income versus a $5.6 million loss a year earlier, while the combined ratio improved to 94.8% from 110.3%. That puts underwriting below break-even for the half-year. (GlobeNewswire)
Exiting most Non-Standard Auto business is reducing exposure to a weaker line. Its second-quarter premiums fell 98.9%, and management attributed the improved result partly to lower losses from the reduced exposure, supporting the portfolio shift. (GlobeNewswire, Insurance Business)
The company is building offsets to the shrinking auto book: second-quarter Crop premiums rose 8.8% and All Other premiums rose 46.7% as assumed reinsurance expanded. Home and Farm also grew 7.3% in the first quarter, helped by rate increases, higher insured values and new business. (GlobeNewswire, Nodak Insurance Company)
Premium volume is shrinking as NI Holdings exits Non-Standard Auto: second-quarter gross premiums written fell 4.1% and net premiums earned fell 10.9% year on year. Private Passenger Auto premiums also declined 8.0%, so growth in newer lines has not yet replaced the lost scale. (GlobeNewswire)
The second quarter was still loss-making at the underwriting level, with a 107.7% combined ratio. Home and Farm remained under pressure from higher non-catastrophe weather losses and recorded an underwriting loss for the first half. (SEC Filings, GlobeNewswire)
Catastrophe risk remains capable of moving earnings sharply. The $15.0 million pre-tax catastrophe loss in the second quarter was below reinsurance retention but still added 23.1 percentage points to the loss and loss-adjustment expense ratio, while much of the property and casualty book is concentrated in North Dakota. (SEC Filings, Insurance Business)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.

Funds containing NI Holdings

Funds
Fund name
Fund size
$NODK weighting
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.00%
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