Symbols / NODK Stock $12.93 +0.35% NI Holdings, Inc.

Financial Services • Insurance - Property & Casualty • United States • NCM
NODK (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Ms. Cindy L. Launer
Exch · Country NCM · United States
Market Cap 265.23M
Enterprise Value 214.20M
Income -10.41M
Sales 285.05M
FCF (ttm) 42.57M
Book/sh 11.69
Cash/sh 2.52
Employees 166
Insider 10d —
IPO Mar 16, 2017
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E —
PEG —
P/S 0.93
P/B 1.11
P/C —
EV/EBITDA -18.57
EV/Sales 0.75
Quick Ratio 0.46
Current Ratio 0.51
Debt/Eq 0.58
LT Debt/Eq —
EPS (ttm) -0.50
EPS next Y —
EPS Growth —
Revenue Growth -17.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-08
Earnings (prior) —
ROA -1.49%
ROE -4.29%
ROIC —
Gross Margin -4.32%
Oper. Margin -4.75%
Profit Margin -3.65%
Shs Outstand 20.52M
Shs Float 4.86M
Insider Own 67.94%
Instit Own 25.98%
Short Float 0.66%
Short Ratio 2.29
Short Interest 51.33K
52W High 14.70
vs 52W High -12.07%
52W Low 12.01
vs 52W Low 7.62%
Beta 0.38
Impl. Vol. —
Rel Volume 0.09
Avg Volume 16.99K
Volume 1.58K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $12.88
Price $12.93
Change 0.35%
About

NI Holdings, Inc., together with its subsidiaries, underwrites property and casualty insurance products in the United States. Its products include private passenger auto, homeowners, farm owners, commercial multi-peril, crop hail, excess liability, dwelling, and federal multi-peril crop insurance policies, as well as non-standard automobile insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc. is a subsidiary of Nodak Mutual Group, Inc.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$12.93
Latest analyst target
3. DCF / Fair value
$37.34
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.93
Low
—
High
—
Mean
—
News
RSS: Latest NODK news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-02 LAUNER CINDY Chief Executive Officer — 56,000 $0.00 $0
2026-03-02 MAKI MATTHEW JAMES Chief Financial Officer — 22,700 $0.00 $0
2026-03-02 ELFSTRAND KEVIN DOUGLAS Officer — 9,300 $0.00 $0
2026-03-02 DUNCAN DOUGLAS ALAN Chief Technology Officer — 11,100 $0.00 $0
2025-12-01 LAUNER CINDY Chief Executive Officer — 14,076 $0.00 $0
2025-05-21 MISSLING JEFFREY R Director — 3,924 $0.00 $0
2025-05-21 ESPEGARD DUAINE C Director — 3,924 $0.00 $0
2025-05-21 LAUNER CINDY Director — 3,924 $0.00 $0
2025-05-21 MATHEW PRAKASH Director — 3,924 $0.00 $0
2025-05-21 STENDE DAVE L. Director — 3,924 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
285.05
-12.35%
325.20
+6.97%
304.02
+13.53%
267.78
Operating Revenue
285.05
-12.35%
325.20
+6.97%
304.02
+13.53%
267.78
Total Expenses
297.38
-5.61%
315.06
+11.14%
283.47
-11.60%
320.66
Reconciled Depreciation
0.79
+16.59%
0.68
-6.07%
0.72
+10.86%
0.65
Total Unusual Items
0.00
+100.00%
-2.63
0.00
0.00
Total Unusual Items Excluding Goodwill
0.00
+100.00%
-2.63
0.00
0.00
Special Income Charges
0.00
+100.00%
-2.63
0.00
0.00
Impairment Of Capital Assets
0.00
-100.00%
2.63
0.00
0.00
Net Income
-10.41
-71.83%
-6.06
-10.66%
-5.48
+89.69%
-53.10
Pretax Income
-12.33
-221.53%
10.14
-50.63%
20.55
+138.86%
-52.88
Tax Provision
-1.92
-154.05%
3.54
+395.11%
0.72
+105.05%
-14.19
Tax Rate For Calcs
0.00
-55.97%
0.00
+55.75%
0.00
+2.26%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-0.93
0.00
0.00
Net Income Including Noncontrolling Interests
-10.41
-71.83%
-6.06
-15.96%
-5.23
+90.28%
-53.77
Net Income From Continuing Operation Net Minority Interest
-10.41
-257.77%
6.60
-66.29%
19.58
+151.52%
-38.01
Net Income From Continuing And Discontinued Operation
-10.41
-71.83%
-6.06
-10.66%
-5.48
+89.69%
-53.10
Net Income Continuous Operations
-10.41
-257.77%
6.60
-66.72%
19.83
+151.26%
-38.69
Net Income Discontinuous Operations
0.00
+100.00%
-12.66
+49.48%
-25.06
-66.05%
-15.09
Minority Interests
0.00
0.00
+100.00%
-0.25
-136.82%
0.68
Normalized Income
-10.41
-225.41%
8.30
-57.60%
19.58
+151.52%
-38.01
Net Income Common Stockholders
-10.41
-71.83%
-6.06
-10.66%
-5.48
+89.69%
-53.10
Diluted EPS
—
-0.29
-11.54%
-0.26
+89.56%
-2.49
Basic EPS
—
-0.29
-11.54%
-0.26
+89.56%
-2.49
Basic Average Shares
—
20.97
-0.90%
21.16
-0.82%
21.33
Diluted Average Shares
—
21.09
-0.69%
21.24
-0.46%
21.33
Diluted NI Availto Com Stockholders
-10.41
-71.83%
-6.06
-10.66%
-5.48
+89.69%
-53.10
Loss Adjustment Expense
200.79
-3.22%
207.47
+11.23%
186.52
-22.85%
241.75
Net Policyholder Benefits And Claims
200.79
-3.22%
207.47
+11.23%
186.52
-22.85%
241.75
Policyholder Benefits Ceded
47.25
+230.18%
14.31
+46.59%
9.76
-38.24%
15.81
Policyholder Benefits Gross
248.04
+11.84%
221.78
+12.99%
196.28
-23.79%
257.56
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
506.00
-3.90%
526.54
-19.60%
654.89
+6.62%
614.23
Cash Cash Equivalents And Short Term Investments
182.63
-4.86%
191.97
-41.90%
330.44
+88.77%
175.04
Cash And Cash Equivalents
51.72
+1.54%
50.93
+24.11%
41.04
-12.69%
47.00
Other Short Term Investments
130.92
-7.17%
141.04
-51.27%
289.40
+126.02%
128.04
Receivables
80.63
-6.74%
86.45
+9.97%
78.61
-39.91%
130.82
Accounts Receivable
69.14
-12.97%
79.44
+1.05%
78.61
-32.73%
116.86
Taxes Receivable
11.49
+63.75%
7.02
0.00
-100.00%
13.96
Net PPE
6.76
-10.44%
7.55
+1.27%
7.45
-24.29%
9.84
Goodwill And Other Intangible Assets
0.00
-100.00%
0.10
-96.33%
2.73
-84.19%
17.25
Goodwill
0.00
0.00
-100.00%
2.63
-71.99%
9.38
Other Intangible Assets
—
0.10
-98.65%
7.41
-5.78%
7.87
Investments And Advances
325.34
-2.11%
332.35
+6.73%
311.38
-12.46%
355.72
Total Liabilities Net Minority Interest
265.67
-5.76%
281.91
-30.30%
404.49
+12.04%
361.02
Payables And Accrued Expenses
0.88
0.00
-100.00%
0.15
0.00
Payables
0.88
—
0.15
—
Accounts Payable
0.88
0.00
—
0.00
Other Payable
—
—
—
—
Current Accrued Expenses
—
—
—
22.05
Total Tax Payable
—
0.00
-100.00%
0.15
0.00
Income Tax Payable
—
0.00
-100.00%
0.15
0.00
Non Current Deferred Liabilities
—
—
—
—
Non Current Deferred Taxes Liabilities
—
—
—
—
Stockholders Equity
240.34
-1.76%
244.63
-1.22%
247.64
-1.33%
250.98
Common Stock Equity
240.34
-1.76%
244.63
-1.22%
247.64
-1.33%
250.98
Capital Stock
0.23
+0.00%
0.23
+0.00%
0.23
+0.00%
0.23
Common Stock
0.23
+0.00%
0.23
+0.00%
0.23
+0.00%
0.23
Preferred Stock
—
—
—
—
Share Issued
22.98
+0.11%
22.95
-0.20%
23.00
+0.41%
22.91
Ordinary Shares Number
20.55
-0.58%
20.67
+0.36%
20.60
-2.26%
21.08
Treasury Shares Number
2.42
+6.29%
2.28
-4.95%
2.40
+31.18%
1.83
Additional Paid In Capital
95.93
+0.14%
95.80
-0.52%
96.29
+0.65%
95.67
Retained Earnings
191.07
-5.21%
201.58
-3.26%
208.38
-2.68%
214.12
Gains Losses Not Affecting Retained Earnings
-10.60
+41.88%
-18.23
+14.74%
-21.38
+26.98%
-29.29
Treasury Stock
36.09
+5.25%
34.29
-2.51%
35.18
+22.07%
28.82
Minority Interest
0.00
0.00
-100.00%
2.76
+23.68%
2.23
Other Equity Adjustments
-10.60
+41.88%
-18.23
+14.74%
-21.38
+26.98%
-29.29
Total Equity Gross Minority Interest
240.34
-1.76%
244.63
-2.30%
250.40
-1.11%
253.21
Total Capitalization
240.34
-1.76%
244.63
-1.22%
247.64
-1.33%
250.98
Invested Capital
240.34
-1.76%
244.63
-1.22%
247.64
-1.33%
250.98
Net Tangible Assets
240.34
-1.72%
244.53
-0.16%
244.91
+4.79%
233.73
Tangible Book Value
240.34
-1.72%
244.53
-0.16%
244.91
+4.79%
233.73
Other Equity Interest
-0.21
+53.41%
-0.46
+34.81%
-0.70
+25.82%
-0.94
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-15.27
-139.66%
38.51
-24.54%
51.03
+433.65%
-15.29
Cash Flow From Continuing Operating Activities
-15.27
-244.98%
10.53
-72.58%
38.42
+195.32%
-40.31
Cash From Discontinued Operating Activities
0.00
-100.00%
27.97
+121.86%
12.61
-49.59%
25.01
Net Income From Continuing Operations
-10.41
-128.96%
-4.55
-122.93%
19.83
+151.26%
-38.69
Depreciation
0.69
+1.91%
0.68
-1.59%
0.69
+14.57%
0.60
Amortization Cash Flow
0.10
0.00
-100.00%
0.03
-34.00%
0.05
Depreciation And Amortization
0.79
+16.59%
0.68
-6.07%
0.72
+10.86%
0.65
Amortization Of Intangibles
0.10
0.00
-100.00%
0.03
-34.00%
0.05
Other Non Cash Items
—
—
—
-71.62
Stock Based Compensation
1.16
+91.87%
0.60
-64.28%
1.69
+396.47%
0.34
Asset Impairment Charge
0.00
-100.00%
2.63
0.00
0.00
Deferred Tax
-1.36
-171.75%
1.90
+201.33%
-1.88
+50.95%
-3.83
Deferred Income Tax
-1.36
-171.75%
1.90
+201.33%
-1.88
+50.95%
-3.83
Operating Gains Losses
-1.37
-122.76%
-0.61
+94.94%
-12.15
-465.55%
-2.15
Gain Loss On Investment Securities
-1.31
-137.02%
-0.55
+95.44%
-12.10
-509.68%
-1.98
Unrealized Gain Loss On Investment Securities
-0.39
+76.53%
-1.66
-116.35%
10.17
-27.17%
13.96
Gain Loss On Sale Of PPE
-0.06
+0.00%
-0.06
-23.08%
-0.05
+68.29%
-0.16
Change In Working Capital
-11.17
-206.90%
10.45
-55.00%
23.22
+376.17%
-8.41
Change In Receivables
11.94
+518.22%
-2.85
+57.29%
-6.68
-20.16%
-5.56
Changes In Account Receivables
11.94
+518.22%
-2.85
+57.29%
-6.68
-20.16%
-5.56
Change In Payables And Accrued Expense
2.41
+414.71%
0.47
+318.14%
-0.21
-102.93%
7.34
Change In Accrued Expense
2.41
+414.71%
0.47
+318.14%
-0.21
-102.93%
7.34
Change In Other Working Capital
-5.23
-1.93%
-5.13
-143.72%
11.74
+135.83%
-32.76
Change In Other Current Assets
-1.02
-342.86%
-0.23
+84.66%
-1.51
-260.55%
0.94
Investing Cash Flow
18.84
+514.86%
-4.54
+48.47%
-8.81
-135.18%
25.05
Cash Flow From Continuing Investing Activities
18.84
+353.93%
-7.42
-271.14%
4.33
-89.01%
39.46
Cash From Discontinued Investing Activities
0.00
-100.00%
2.88
+121.89%
-13.15
+8.77%
-14.41
Net PPE Purchase And Sale
0.16
+122.08%
-0.71
-38.33%
-0.51
-121.55%
-0.23
Purchase Of PPE
-0.22
+78.10%
-0.99
-49.92%
-0.66
+24.72%
-0.88
Sale Of PPE
0.37
+33.57%
0.28
+90.48%
0.15
-77.24%
0.65
Capital Expenditure
-0.22
+78.10%
-0.99
-49.92%
-0.66
+24.72%
-0.88
Net Investment Purchase And Sale
18.49
+196.44%
-19.17
-495.42%
4.85
-87.78%
39.69
Purchase Of Investment
-34.84
+50.51%
-70.39
-3.43%
-68.06
-12.31%
-60.60
Sale Of Investment
53.33
+4.12%
51.22
-29.75%
72.91
-27.30%
100.29
Net Business Purchase And Sale
0.00
-100.00%
12.27
0.00
0.00
Purchase Of Business
—
—
—
0.00
Net Other Investing Changes
0.19
-1.55%
0.19
—
—
Financing Cash Flow
-2.78
+23.63%
-3.64
+51.21%
-7.47
+59.16%
-18.28
Cash Flow From Continuing Financing Activities
-2.78
+74.00%
-10.70
+69.92%
-35.58
-150.63%
-14.20
Net Issuance Payments Of Debt
-0.11
-9.09%
-0.10
-518.75%
-0.02
0.00
Repayment Of Debt
-0.11
-9.09%
-0.10
-518.75%
-0.02
0.00
Long Term Debt Payments
-0.11
-9.09%
-0.10
-518.75%
-0.02
0.00
Net Long Term Debt Issuance
-0.11
-9.09%
-0.10
-518.75%
-0.02
—
Net Common Stock Issuance
-2.52
0.00
+100.00%
-7.28
-74.11%
-4.18
Common Stock Payments
-2.52
0.00
+100.00%
-7.28
-74.11%
-4.18
Repurchase Of Capital Stock
-2.52
0.00
+100.00%
-7.28
-74.11%
-4.18
Proceeds From Stock Option Exercised
-0.16
+0.63%
-0.16
+8.14%
-0.17
+77.60%
-0.77
Net Other Financing Charges
—
-10.44
+62.85%
-28.11
-204.00%
-9.25
Changes In Cash
0.79
-92.07%
9.89
+37.88%
7.17
+147.70%
-15.04
Beginning Cash Position
50.93
+24.11%
41.04
+21.19%
33.86
-30.76%
48.90
End Cash Position
51.72
+1.54%
50.93
+24.11%
41.04
+21.19%
33.86
Free Cash Flow
-15.49
-141.29%
37.52
-25.52%
50.37
+411.45%
-16.17
Income Tax Paid Supplemental Data
3.92
+37.43%
2.85
—
2.17
Amortization Of Securities
7.48
+582.22%
1.10
+134.42%
-3.19
-45.33%
-2.19
Sale Of Business
0.00
-100.00%
12.27
0.00
0.00
Cash Flow From Discontinued Operation
0.00
+100.00%
-20.43
+25.91%
-27.57
-323.24%
-6.51
Cash From Discontinued Financing Activities
0.00
-100.00%
7.06
-74.90%
28.11
+788.23%
-4.08
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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