NI Holdings Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 11, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	273	324	267	280	402	350
Market Cap Growth	-10.02%	21.29%	-4.64%	-30.19%	14.77%	-7.94%
Enterprise Value	251	287	236	228	358	282
PE Ratio	121.12	-	-	-	47.71	8.66
PS Ratio	0.94	1.00	0.88	1.05	1.24	1.14
PB Ratio	1.13	1.33	1.07	1.11	1.16	1.00
P/FCF Ratio	-	18.97	11.73	-	14.12	6.94
P/OCF Ratio	-	17.93	11.40	-	13.77	6.86
EV/Sales Ratio	0.84	0.88	0.78	0.85	1.11	0.92
EV/EBITDA Ratio	32.61	21.33	11.11	-	28.71	5.23
EV/EBIT Ratio	35.73	22.47	11.50	-	31.67	5.34
EV/FCF Ratio	-	16.80	10.37	-	12.60	5.60
Debt / Equity Ratio	0.01	0.01	-	-	-	-
Debt / EBITDA Ratio	0.19	0.13	-	-	-	-
Debt / FCF Ratio	-	0.11	-	-	-	-
Quick Ratio	0.44	0.44	0.28	0.38	0.44	0.65
Current Ratio	0.52	0.50	0.70	0.50	0.52	0.70
Asset Turnover	0.54	0.55	0.48	0.42	0.51	0.54
Return on Equity (ROE)	1.07%	2.67%	7.88%	-12.88%	2.39%	12.55%
Return on Assets (ROA)	0.80%	1.35%	2.02%	-5.22%	1.11%	5.86%
Return on Invested Capital (ROIC)	1.69%	3.33%	7.88%	-17.61%	2.39%	12.55%
Earnings Yield	0.94%	-1.87%	-2.05%	-18.94%	2.10%	11.54%
FCF Yield	-2.63%	5.27%	8.53%	-8.09%	7.08%	14.40%
Buyback Yield / Dilution	-0.91%	0.69%	0.46%	1.49%	1.30%	1.45%

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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