NODK · XBRL financial data

NI Holdings financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NODK's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	306,357	323,974	324,437	365,695	325,204	285,050
Gross profit	115,188	83,210	33,858	106,725	102,645	69,867
Total operating expenses	253,541	312,668	393,466	369,958	315,059	297,379
Income tax expense (benefit)	11,472	2,974	(15,254)	963	3,545	(1,916)
Net income (loss)	40,389	8,416	(53,096)	(5,476)	(6,060)	(10,413)
Earnings per share, basic USD per share	1.86	0.39	(2.49)	(0.26)	(0.29)	(0.50)
Earnings per share, diluted USD per share	1.84	0.39	(2.49)	(0.26)	(0.29)	(0.50)
Weighted average shares, basic thousands of shares	21,772	21,424	21,333	21,159	20,969	20,991
Weighted average shares, diluted thousands of shares	21,942	21,656	21,333	21,159	21,089	20,991

Fiscal years (NODK's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	101,077	70,623	47,002	56,693	50,930	51,715
Short-term investments	500	500	500	500	500	500
Property and equipment, net	9,899	9,869	9,843	9,897	7,547	6,759
Goodwill	9,384	9,384	9,384	2,628	—	—
Total assets	617,603	651,782	614,232	654,886	526,545	506,002
Total liabilities	268,731	304,369	361,025	404,487	281,914	265,665
Retained earnings	258,741	267,207	214,121	208,376	201,584	191,074
Total stockholders' equity	—	—	—	—	244,631	240,337
Total liabilities and equity	617,603	651,782	614,232	654,886	526,545	506,002
Common shares outstanding (cover page) thousands of shares	21,319	21,197	21,070	20,615	20,682	20,538

Fiscal years (NODK's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	40,389	8,416	(53,096)	(5,476)	(6,060)	(10,413)
Stock-based compensation	2,297	2,408	(40)	1,366	238	828
Depreciation and amortization	709	694	708	—	—	—
Net cash from operating activities	51,010	29,168	(30,388)	25,970	38,506	(15,272)
Purchases of property and equipment	543	696	1,162	974	991	217
Net cash from investing activities	200	(48,151)	25,048	(8,813)	(4,541)	18,839
Share repurchases	12,234	4,316	4,180	—	—	—
Dividends paid	—	—	—	—	8,273	6,730
Net cash from financing activities	(12,265)	(11,471)	(18,281)	(7,466)	(3,643)	(2,782)
Net change in cash	38,945	(30,454)	(23,621)	9,691	—	—

SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
NI Holdings	51,609	70,234	912*	20.4M	—	Q2 FY26 10-QJun 30, 2026
Kestrel Group	16,062	6,686	(25,818)*	7.8M	0.6 quarters	Q2 FY26 10-QJun 30, 2026
American Integrity Insurance Group	288,453	115,171	123,051*	19.6M	—	Q2 FY26 10-QJun 30, 2026
Maiden Holdings	28,706	14,049	(21,126)	99.7M	1.4 quarters	Q1 FY25 10-QMar 31, 2025
Ategrity Specialty Insurance Co Holdings	33,327	148,484	38,909*	47.9M	—	Q2 FY26 10-QJun 30, 2026
Kingstone Companies	16,925	65,854	28,745*	14.5M	—	Q2 FY26 10-QJun 30, 2026
KINGSWAY	7,366	39,442	1,204*	28.9M	—	Q2 FY26 10-QJun 30, 2026
Global Indemnity Group	97,515	116,102	(15,819)*	not reported	6.2 quarters	Q2 FY26 10-QJun 30, 2026
James River Group Holdings	195,576	161,344	(5,090)*	46.2M	58.3 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.