MARKETS / NASDAQ / NODK
NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

NI Holdings, Inc. NODK

12 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$285.1M
▼ 12.3% vs FY2024
EPS · FY25
$-0.50
Dividend / sh · FY25
Payout · FY25
-65%
ROE · FY25
Net margin · FY25
-3.7%
Dividend coverage
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Result
USD 285.1M
Revenue, FY2025 · full 12-year series below
Revenue Net income
0.10.20.30.40.3-0.020142017202020232025
0.10.20.30.40.3-0.02016201920222025

The company lost 4 cents on every revenue dollar this year.

Per share
USD -0.50
Diluted EPS, FY2025
EPS
0.81.62.4-0.5020142017202020232025
0.81.62.4-0.502016201920222025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
48121620142017202020232025
4812162016201920222025
Operating margin-4.3%
Net margin-3.7%
Return on assets-2.0%

Returned to shareholders
USD 6.7M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 6.7M
Net buybacks
Share of profit-64.6%
Consecutive raises

USD 6.7M in dividends went back to shareholders in a year without profit.

Growth
+175.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.1%
+175.3%
+6.9%
Returned to shareholders
+17.2%
−11.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.02B
Shares outstanding, FY2025
0.000.0220142017202020232025
0.000.022016201920222025
Change, 5 years−3.6%
Change, 10 years

The share count shrank 4% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 506.0M
total assets, end of FY2025
Total assetsUSD 506.0M
CashUSD 51.7M
Gross debtUSD 2.4M
Net debtUSD -49.3M

History
12 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue $B
0.3
0.3
0.3
0.3
0.3
0.0
0.0
0.0
0.0
0.0
0.1
0.1
Operating income $B
−0.0
0.0
0.0
−0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
−0.0
0.0
0.0
−0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
−0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.0
−0.0
−0.0
−0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
−0.50
−0.29
−0.26
−2.49
0.39
1.84
1.19
1.39
0.71
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
−65
−137
·
·
·
·
·
·
·
·
·
·
ROE %
·
·
·
·
·
13.0
9.0
11.7
7.8
3.0
12.2
10.2
Shares out B
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.00
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
20 of 20
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed