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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	295.33	298.21	304.46	285.24	299.61	360.52
Investments in Equity & Preferred Securities	27.91	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	324.87	326.97	334.16	313.39	357.72	444.35
Cash & Equivalents	51.61	51.72	50.93	41.04	47	70.62
Reinsurance Recoverable	12.44	11.96	13.31	5.06	39.22	21.2
Other Receivables	105.79	71.13	75.78	75.88	94.06	54.34
Deferred Policy Acquisition Cost	21.9	19.21	26.3	26.79	29.77	24.95
Property, Plant & Equipment	6.49	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	6.08	6.15	7.32	9.23	9.01	-
Other Long-Term Assets	13.97	12.12	11.1	10.87	10.37	8.74
Total Assets	543.13	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	23.42	19.05	18.13	17.76	22.05	13.1
Unpaid Claims	134.76	137.86	137.29	119.19	190.46	139.66
Unearned Premiums	132.42	106.5	126.5	126.1	148.51	127.79
Reinsurance Payable	2	0.88	-	-	-	0.33
Current Portion of Leases	0.24	0.49	-	-	-	-
Current Income Taxes Payable	-	-	-	0.15	-	-
Long-Term Leases	0.92	0.89	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	5.51
Other Current Liabilities	-	-	-	141.3	-	-
Other Long-Term Liabilities	-	-	-	-	-	17.98
Total Liabilities	293.76	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	Jun 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	95.77	95.93	95.8	96.29	95.67	98.17
Retained Earnings	203.6	191.07	201.58	208.38	214.12	267.21
Treasury Stock	-37.62	-36.09	-34.29	-35.18	-28.82	-26.45
Comprehensive Income & Other	-12.6	-10.81	-18.69	-22.08	-30.23	4.05
Total Common Equity	249.38	240.34	244.63	247.64	250.98	343.2
Minority Interest	-	-	-	2.76	2.23	4.21
Shareholders' Equity	249.38	240.34	244.63	250.4	253.21	347.41
Total Liabilities & Equity	543.13	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	20.4	20.54	20.68	20.62	21.07	21.2
Total Common Shares Outstanding	20.43	20.55	20.67	20.6	21.08	21.22
Total Debt	1.16	1.39	-	-	-	-
Net Cash (Debt)	50.45	50.33	50.93	41.04	47	70.62
Net Cash Growth	-8.56%	-1.18%	24.11%	-12.69%	-33.45%	-30.13%
Net Cash Per Share	2.41	2.40	2.41	1.93	2.20	3.26
Book Value Per Share	12.21	11.69	11.83	12.02	11.91	16.17
Tangible Book Value	249.38	240.34	244.53	244.91	233.73	325.48
Tangible Book Value Per Share	12.21	11.69	11.83	11.89	11.09	15.34
Land	1.2	1.25	1.25	-	1.4	1.4
Buildings	11.34	11.26	12.5	-	14.27	14.19
Machinery	5.33	5.46	5.49	-	5.54	5.63

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 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:

Aug 24, 2026

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