NI Holdings, Inc. (NODK)

NI Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	303.23	343.57	299.61	360.52	318.01	295.95
Investments in Equity & Preferred Securities	29.06	31.93	56.11	81.82	72.36	59.93
Other Investments	2.01	2.01	2.01	2.01	2.92	1.91
Total Investments	334.3	377.5	357.72	444.35	393.29	357.79
Cash & Equivalents	39.1	56.69	47	70.62	101.08	62.13
Reinsurance Recoverable	14.44	53.03	39.22	21.2	8.8	4.05
Other Receivables	118.34	94.23	94.06	54.34	57.31	53.01
Deferred Policy Acquisition Cost	27.47	34.12	29.77	24.95	23.97	15.4
Property, Plant & Equipment	7.55	9.9	9.84	9.87	9.9	7.69
Goodwill	2.63	2.63	9.38	9.38	9.38	2.63
Other Intangible Assets	0.1	7.41	7.87	8.34	8.81	0.28
Long-Term Deferred Tax Assets	5.37	8.41	9.01	-	-	-
Other Long-Term Assets	10.6	10.97	10.37	8.74	5.07	5.18
Total Assets	559.9	654.89	614.23	651.78	617.6	508.16
Accrued Expenses	20.65	21.12	22.05	13.1	14.82	9.43
Unpaid Claims	159.07	217.12	190.46	139.66	105.75	93.25
Unearned Premiums	136.88	164.1	148.51	127.79	119.36	89.28
Reinsurance Payable	-	-	-	0.33	-	0.17
Current Portion of Leases	0.13	0.5	-	-	-	-
Current Income Taxes Payable	-	0.09	-	-	0.75	1.65
Long-Term Leases	1.8	1.56	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	5.51	8.76	4.59
Other Long-Term Liabilities	-	-	-	17.98	19.29	-
Total Liabilities	318.53	404.49	361.03	304.37	268.73	198.36
Common Stock	0.23	0.23	0.23	0.23	0.23	0.23
Additional Paid-In Capital	95.97	96.29	95.67	98.17	97.91	95.96
Retained Earnings	191.74	208.38	214.12	267.21	258.74	218.48
Treasury Stock	-34.3	-35.18	-28.82	-26.45	-23.97	-12.31
Comprehensive Income & Other	-12.26	-22.08	-30.23	4.05	11.41	3.94
Total Common Equity	241.37	247.64	250.98	343.2	344.33	306.3
Minority Interest	-	2.76	2.23	4.21	4.55	3.5
Shareholders' Equity	241.37	250.4	253.21	347.41	348.87	309.8
Total Liabilities & Equity	559.9	654.89	614.23	651.78	617.6	508.16
Filing Date Shares Outstanding	20.65	20.62	21.07	21.2	21.32	22.12
Total Common Shares Outstanding	20.65	20.6	21.08	21.22	21.32	22.12
Total Debt	1.93	2.06	-	-	-	-
Net Cash (Debt)	37.18	54.63	47	70.62	101.08	62.13
Net Cash Growth	13.80%	16.23%	-33.45%	-30.13%	62.68%	-9.89%
Net Cash Per Share	1.78	2.58	2.20	3.26	4.61	2.79
Book Value Per Share	11.69	12.02	11.91	16.17	16.15	13.85
Tangible Book Value	238.64	237.6	233.73	325.48	326.13	303.39
Tangible Book Value Per Share	11.56	11.53	11.09	15.34	15.30	13.72
Land	1.25	1.4	1.4	1.4	1.4	-
Buildings	12.38	14.54	14.27	14.19	13.91	-
Machinery	5.47	5.71	5.54	5.63	5.41	5.2

Source: S&P Capital IQ. Insurance template. Financial Sources.