NI Holdings, Inc. (NODK)

NI Holdings Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	275.54	298.21	304.46	285.24	299.61	360.52
Investments in Equity & Preferred Securities	25.7	27.14	27.89	26.14	56.11	81.82
Other Investments	1.62	1.62	1.81	2.01	2.01	2.01
Total Investments	302.86	326.97	334.16	313.39	357.72	444.35
Cash & Equivalents	45.03	51.72	50.93	41.04	47	70.62
Reinsurance Recoverable	8	11.96	13.31	5.06	39.22	21.2
Other Receivables	99.11	71.13	75.78	75.88	94.06	54.34
Deferred Policy Acquisition Cost	19.91	19.21	26.3	26.79	29.77	24.95
Property, Plant & Equipment	6.51	6.76	7.55	7.45	9.84	9.87
Goodwill	-	-	-	2.63	9.38	9.38
Other Intangible Assets	-	-	0.1	0.1	7.87	8.34
Other Current Assets	-	-	-	162.46	-	-
Long-Term Deferred Tax Assets	8.36	6.15	7.32	9.23	9.01	-
Other Long-Term Assets	13.13	12.12	11.1	10.87	10.37	8.74
Total Assets	502.9	506	526.55	654.89	614.23	651.78

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	20.59	19.05	18.13	17.76	22.05	13.1
Unpaid Claims	119	137.86	137.29	119.19	190.46	139.66
Unearned Premiums	116.99	106.5	126.5	126.1	148.51	127.79
Reinsurance Payable	1.8	0.88	-	-	-	0.33
Current Portion of Leases	-	0.49	-	-	-	-
Current Income Taxes Payable	-	-	-	0.15	-	-
Long-Term Leases	-	0.89	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	5.51
Other Current Liabilities	-	-	-	141.3	-	-
Other Long-Term Liabilities	-	-	-	-	-	17.98
Total Liabilities	258.38	265.67	281.91	404.49	361.03	304.37

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.23	0.23	0.23	0.23	0.23	0.23
Additional Paid-In Capital	95.96	95.93	95.8	96.29	95.67	98.17
Retained Earnings	209.12	191.07	201.58	208.38	214.12	267.21
Treasury Stock	-39.01	-36.09	-34.29	-35.18	-28.82	-26.45
Comprehensive Income & Other	-21.79	-10.81	-18.69	-22.08	-30.23	4.05
Total Common Equity	244.52	240.34	244.63	247.64	250.98	343.2
Minority Interest	-	-	-	2.76	2.23	4.21
Shareholders' Equity	244.52	240.34	244.63	250.4	253.21	347.41
Total Liabilities & Equity	502.9	506	526.55	654.89	614.23	651.78

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	20.31	20.54	20.68	20.62	21.07	21.2
Total Common Shares Outstanding	20.34	20.55	20.67	20.6	21.08	21.22
Total Debt	-	1.39	-	-	-	-
Net Cash (Debt)	45.03	50.33	50.93	41.04	47	70.62
Net Cash Growth	94.47%	-1.18%	24.11%	-12.69%	-33.45%	-30.13%
Net Cash Per Share	2.16	2.40	2.41	1.93	2.20	3.26
Book Value Per Share	12.02	11.69	11.83	12.02	11.91	16.17
Tangible Book Value	244.52	240.34	244.53	244.91	233.73	325.48
Tangible Book Value Per Share	12.02	11.69	11.83	11.89	11.09	15.34
Land	1.2	1.25	1.25	-	1.4	1.4
Buildings	11.42	11.26	12.5	-	14.27	14.19
Machinery	4.46	5.46	5.49	-	5.54	5.63

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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