Educational research on US and Indian equities, ETFs, mutual funds and crypto, with screeners and a free investing academy.
All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $285M | - | $-10M | $-15M | -4.3% | -12.3% | 71.8% |
| 2024 | $325M | - | $-6M | $38M | -2.5% | 7.0% | 10.7% |
| 2023 | $304M | - | $-5M | $50M | -2.2% | 13.5% | -89.7% |
| 2022 | $268M | - | $-53M | $-16M | -21.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 285.05 |
| Operating Revenue | 285.05 |
| Total Expenses | 297.38 |
| Pretax Income | -12.33 |
| Tax Provision | -1.92 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | -10.41 |
| Net Income From Continuing And Discontinued Operation | -10.41 |
| Net Income From Continuing Operation Net Minority Interest | -10.41 |
| Net Income | -10.41 |
| Net Income Common Stockholders | -10.41 |
| Net Income Including Noncontrolling Interests | -10.41 |
| Normalized Income | -10.41 |
| Diluted NI Availto Com Stockholders | -10.41 |
| Basic Average Shares | 20.99 |
| Diluted Average Shares | 20.99 |
| Reconciled Depreciation | 0.79 |
| Total Unusual Items | 0 |
| Total Unusual Items Excluding Goodwill | 0 |
| Minority Interests | 0 |
| Net Income Discontinuous Operations | 0 |
| Special Income Charges | 0 |
| Impairment Of Capital Assets | 0 |
| Loss Adjustment Expense | 200.79 |
| Net Policyholder Benefits And Claims | 200.79 |
| Policyholder Benefits Gross | 248.04 |
| Policyholder Benefits Ceded | 47.25 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NI Holdings, Inc.this co. | NODK | $299M | - | 1.24 | -4.3% | - |
| Citizens Financial Services, Inc. | CZFS | $308M | 8.43 | 0.91 | 10.8% | - |
| Value Line, Inc. | VALU | $305M | 14.75 | 3.06 | 20.8% | 37.84 |
| John Marshall Bancorp, Inc. | JMSB | $299M | 14.06 | 1.12 | 8.0% | - |
| FS Bancorp, Inc. | FSBW | $297M | 8.91 |
| - |
| - |
| - |
| - |
| - |
| 0.97 |
| 10.8% |
| - |
| Blue Ridge Bankshares, Inc. | BRBS | $295M | 27.54 | 0.91 | 3.3% | - |
| MBIA Inc. | MBI | $291M | -1.65 | -0.13 | 7.9% | - |
| First Community Corporation | FCCO | $289M | 15.07 | 1.73 | 11.5% | - |
| FVCBankcorp, Inc. | FVCB | $288M | 13.08 | 1.14 | 8.7% | - |
| Peer Median | - | 13.57 | 1.05 | 9.8% | 37.84 | |