NI Holdings, Inc.
NI Holdings (Nasdaq: NODK) is an insurance holding company whose subsidiaries provide property and casualty coverage to individuals, farmers, and businesses, primarily in the Upper Midwest. Its products include personal auto, homeowners and farmowners, crop, commercial multi-peril, and excess liability insurance;… From the company’s description.
Over the twelve months to Sep 30, 2026, NI Holdings, Inc. reported revenue of $259.40M, down 12.9% from a year earlier, and net income of $15.03M. Its operating margin was 6.4%, and operations used $2.77M in cash. In fiscal 2025, it reported revenue of $285.05M, down 12.3% from fiscal 2024, and a net loss of $10.41M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What NI Holdings, Inc. does
In the company’s own words
NI Holdings (Nasdaq: NODK) is an insurance holding company whose subsidiaries provide property and casualty coverage to individuals, farmers, and businesses, primarily in the Upper Midwest. Its products include personal auto, homeowners and farmowners, crop, commercial multi-peril, and excess liability insurance; non-standard auto operations are being wound down in several states. The company reports five continuing-operations segments: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other. In 2025, Home and Farm represented 39.9% of direct premiums written, Private Passenger Auto 32.8%, Crop 12.7%, Non-Standard Auto 8.8%, and All Other 5.8%. Nodak Insurance distributes through exclusive agents in North Dakota and has a marketing affiliation with the North Dakota Farm Bureau; other active insurers use independent agents. The group’s insurers operate in North Dakota, Nebraska, South Dakota, Minnesota, and other states, with products including federally supported multi-peril crop insurance. NI Holdings was formed in 2017 as part of Nodak Mutual’s conversion from a mutual to a stock organization. Its website is www.niholdingsinc.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Property & Casualty Insurance
- Headquarters
- FARGO, ND
- Fiscal year end
- December
- CIK
- 1681206
- SIC
- 6331
Financial performance, year by year
Fiscal 2016–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns NI Holdings, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · NI Holdings, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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