NI Holdings, Inc. (NODK)

Nasdaq: NODK · Fire, Marine & Casualty Insurance · Fargo, ND · filing with the SEC since 2016

Grade3.1

◀ Past 3.7● Present 2.6▶ Future 2.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 6, 2026	Mar 7, 2025	Mar 15, 2024	Mar 8, 2023	Mar 9, 2022	Mar 10, 2021	Mar 11, 2020	Mar 13, 2019	Mar 7, 2018	Apr 7, 2017
Revenue	285,050	325,204	304,020^r	267,782^r	323,974	306,357	270,779	212,370	189,140	163,747^r
For insurers
Premiums earned	270,655	310,110	292,117^r	271,740^r	299,589	283,661	246,438	195,720	179,464	152,756
Net investment income	11,702	12,362	10,456	7,820^r	7,131^r	10,519	9,826	8,384	7,069	5,460^r
Benefits, claims and losses	200,788	207,465	186,516^r	241,750^r	216,379	168,473	169,710	119,088	122,711	118,508
Gross profit	69,867	102,645	105,601^r	29,990^r	83,210	115,188	76,728	76,632	56,753	34,248
Total operating expenses	297,379	315,059	283,473^r	320,658^r	312,668	253,541	236,968	173,205^r	167,134	157,630^r
Interest and investment income	11,702	10,943	8,034^r	6,636^r	7,131	7,271	7,433	6,180	5,031	3,644^r
Income before income taxes	-12,329	10,145	20,547^r	-52,876^r	11,306	52,816	33,811	39,165^r	22,006	6,117
Income tax expense	-1,916	3,545	716^r	-14,191^r	2,974	11,472	7,311	7,921^r	6,394	1,479
Income from continuing operations	-10,413	6,600	19,581	-38,006	·	·	·	·	·	·
Income from discontinued operations	·	-1,512	-25,057	-15,090	·	·	·	·	·	·
Net income including non-controlling interests	-10,413	6,600	19,831^r	-38,685^r	8,332	41,344	26,500	31,244	15,612	4,638
Net income to non-controlling interests	·	·	250	-679	-84	955	99	163	-379	87
Net income	-10,413	-6,060	-5,476	-53,096	8,416	40,389	26,401	31,081	15,991	4,551
Earnings per share, basic	-0.50	-0.29	-0.26	-2.49	0.39	1.86	1.19	1.39	0.71	·
Earnings per share, diluted	-0.50	-0.29	-0.26	-2.49	0.39	1.84	1.19	1.39	0.71	·
Earnings per share, basic and diluted	·	·	·	·	0.39	1.84	1.19	1.39	0.71	·
Weighted average shares, basic	20,991,331	20,968,545	21,159,073	21,333,389	21,424,060	21,772,475	22,179,747	22,358,858	22,512,401	·
Weighted average shares, diluted	20,991,331	21,089,171	21,235,605^r	21,333,389	21,656,426	21,942,470	22,265,348	22,385,754	22,512,629	·

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Net investment income what its investments earnedus-gaap:NetInvestmentIncome

Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton NODK · research, not advice