Compare

NI Holdings/$NODK

1D1W1M3M6MYTD1Y5YMAX

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
$313M
40.91
$0.37
0.35
-

Bulls say / Bears say

The first-half turnaround is substantial: NI Holdings reported a $6.2 million underwriting gain and $12.7 million net income, versus an underwriting loss and net loss a year earlier. Its combined ratio improved to 94.8% from 110.3%. (SEC)
The business mix is shifting towards areas showing growth: first-half Home and Farm premiums rose 15.1%, while Crop premiums increased in the second quarter and assumed reinsurance premiums expanded. That offers potential to offset some of the auto runoff if those gains persist. (NI Holdings, SEC)
The operating insurers retain strong external ratings: AM Best affirmed their A (Excellent) financial-strength ratings in June, citing strong risk-adjusted capitalisation and liquidity. NI Holdings also reported no debt at the holding company level. (AP News)
Premiums are contracting as the company exits most non-standard auto, while private passenger auto is also soft in some core states. Net premiums earned fell 14.5% in the first half, putting pressure on growth as the portfolio resets. (SEC)
Weather remains a material earnings risk: second-quarter catastrophe losses of $15 million added 23.1 percentage points to the loss ratio, while Home and Farm recorded an $11.6 million underwriting loss and a 144.5% combined ratio. A severe regional event or persistent weather losses could overwhelm the recent improvement. (SEC)
The latest profit figures rely partly on favourable reserve revisions rather than current underwriting alone: first-half favourable prior-year reserve development was $10.1 million, yet the second quarter still had a $5.0 million underwriting loss and only $146,000 of net income. That makes the sustainability of the turnaround less certain. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 20 Oct 2026.

NI Holdings Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Funds containing NI Holdings

Funds
Fund name
Fund size
$NODK weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.00%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.00%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.