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NODK

NI Holdings, Inc.

NODK

NASDAQ·Financial Services·Insurance - Property & Casualty·Mkt cap $311.5M

$15.21

-0.26%

P/E

40.03

Mkt Cap

$311.5M

52-Wk Range

$12.37–$16.70

52-Week Range

$12.37 - $16.70

P/E

40.03

Fwd P/E

Beta

0.35

Div Yield

0.00%

Avg Vol

22.2K

Shares Out

20.5M

Mkt Cap

$311.5M

Price action

Price chart

Up 16.4% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • 75+ year heritage and established brand recognition in Midwest markets
  • Specialized expertise in agricultural and non-standard auto insurance segments
  • Regional market knowledge and deep customer relationships in underserved areas
  • Backing of Nodak Mutual Group providing financial stability and resources
  • Niche market focus reduces direct competition from national mega-carriers

Bear Case

1 risk

  • Low volatility (beta 0.4).

Growth

No forward estimates available

Expansion of non-standard auto insurance market segment

Value

Valuation data unavailable

Momentum

Strong

+8.8% over 3m

Quality

Stable

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 6, 2026

Q3 26 RECAP

AUG 7, 2026

Most recent quarter reported revenue of $70.2M (-8% YoY). Reported EPS of $0.01. Gross margin 0.0%.

Reported EPS · last 4Q

0 of 1 beats

Q3 26

Revenue trend · last 8Q

-22%

-4%

-13%

-14%

-403%

-17%

-8%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$89.0M

$73.9M

$71.4M

$76.1M

$76.6M

-$224.1M

$59.6M

$70.2M

Margins · last 8Q

Gross

0.0%

Operating

0.0%

Profit

0.2%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

vs Industry

How NODK stacks vs Insurance - Property & Casualty

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.