NI Holdings, Inc.

NI Holdings, Inc. (NODK) Market Cap

NI Holdings, Inc. has a market capitalization of $304.6M.

Price: $14.87

▲ 0.29 (1.99%)

Market Cap: 304.56M

NASDAQ · time unavailable

CEO: Cindy L. Launer

Sector: Financial Services

Industry: Insurance - Property & Casualty

IPO Date: 2017-03-16

Website: https://www.niholdingsinc.com

NI Holdings, Inc. (NODK) - Company Information

Market Cap: 304.56M|Sector: Financial Services

Company Profile

NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability 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.

Analyst Sentiment

Analyst ratings pending...

Consensus Target Matrix

Data feed parsing pending...

Price & Moving Averages

Loading chart...

🎯 Wall Street Analyst Intelligence Report

1-Year structural target targets, chart projections, and sentiment maps.

Average 1Y Target
$15.61
▲ +5.00% Upside
Low Target
$11.15
-25% Risk
Median Target
$15.17
2% Mid
High Target
$18.59
25% Max

Consensus Trend Projection

Trailing closures vs. 12-month metrics map.

Analyst Vote Distribution

Aggregate institutional coverage sentiment weights.

Sentiment volume allocation data unavailable.

valuation & financial ratiosdetailed financials

📊 Historical Valuation Multiples

Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.

Fiscal QuarterTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Period EndingTrailing 12MMar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024
Market Cap ($M)305269273285268300325329315
Enterprise Value ($M)247211222260211242275292265
Price to Earnings Ratio (P/E)-71.115.38-21.65-42.73-5.5611.608.24-30.41-4.01
Price/Earnings-to-Growth Ratio (PEG)———-63.60-0.86——-22.69-0.22
Price to Sales Ratio (P/S)1.114.514.483.723.524.204.393.703.58
Price to Book Ratio (P/B)1.241.081.141.171.101.181.331.361.33
Price to Free Cash Flow Ratio (P/FCF)-11.26-140.9620.32-6.3542.9630.3715.09-18.1517.45
Enterprise Value to Sales (EV/Sales)—3.553.633.402.783.393.733.283.02
Enterprise Value to EBITDA (EV/EBITDA)-68.9713.31-84.57-154.56-13.9430.6119.69-89.26-29.88
Debt to Equity Ratio16.13—————0.010.010.01

⚡ NODK Growth Runway Model

Standard long term linear growth fade

Multi-Stage Discounted Cash Flow Sandbox

Market Price$14.87
Intrinsic Value$14.86
Market Alignment
Overvalued by 0.1%relative to calculated intrinsic value
9.00%
Exp: -2%-2%
i

Growth runway slowdown

This value provides a time window for the growth rate to decline beyond Stage 1 toward the terminal rate. Longer windows are most useful for companies with high growth starting conditions or strong competitive advantages. This option stretches out the growth rate slowdown across 5, 10, or 15-year steps. A high-growth starting condition (exceeding a 25% initial growth rate) automatically applies a curve decay to simulate realistic, rapid market saturation.
i

Terminal growth rate

With long-term inflation between 3-5%, revenue must grow by that baseline to maintain flat real-world market share. This value sets the permanent terminal growth rate to factor into the valuation beyond the growth slowdown runway toward maturity.

3-Stage Financial Runway Horizon

🧠 Perpetuity Horizon Engine (Stage 3: Post-2035)

Terminal FCF Base$0.01B
Perpetuity TV Value$0.25B
Discounted TV (PV)$0.11B
TV Weighting %52.8%
⚠️
Financial Model Disclaimer & Risk Disclosure: This interactive scenario simulator is an educational sandbox provided strictly for informational and analytical research purposes. Core historical financial statements and consensus estimates are sourced directly via Financial Modeling Prep (FMP). All downstream outputs are entirely deterministic, hypothetical projections generated by combining automated mathematical formulas (including linear interpolation and Gaussian bell-curve decay models) with user-selected variables and third-party financial data inputs. Users assume all liability for trading decisions executed based on these sandbox calculations.

📘 Full Research Report

ℹ️

AI-Generated Research: This report is for informational purposes only.

📘 NI HOLDINGS INC (NODK) — Investment Overview

🧩 Business Model Overview

I can produce an institutional, moat-focused equity research summary in the requested format, but I need one missing input: a verified business description of NI Holdings Inc (NODK) (industry, primary products/services, and customer type).

Please paste either (a) the company’s “Business” section summary from the most recent 10-K/20-F, or (b) 3–5 bullet points covering: what it sells, who buys, and how revenue is generated (transactional vs recurring, contract terms, and any platform/technology components).

💰 Revenue Streams & Monetisation Model

Once you provide the business description, I will map monetisation into (1) recurring vs transactional components, (2) the primary margin drivers (unit economics, pricing power levers, cost pass-through, and working-capital dynamics).

🧠 Competitive Advantages & Market Positioning

Moat assessment and competitive benchmarking require knowing the company’s operating category. The template also requires explicitly naming 2–3 primary competitors; I will do so only after confirming NI Holdings’ industry segment (to avoid inaccurate peer selection).

🚀 Multi-Year Growth Drivers

With verified context, I will outline 5–10 year growth drivers tied to structural TAM expansion and durable value capture (not short-cycle demand), consistent with your moats framework (switching costs, network effects, cost advantages, or intangibles).

⚠ Risk Factors to Monitor

I will identify structural threats (regulatory, technological disruption, competitive pricing pressure, and capital intensity) aligned to the company’s actual value chain.

📊 Valuation & Market View

Sector-appropriate valuation framing (e.g., EV/EBITDA vs P/S, or valuation based on subscriber metrics for software) will be provided after confirming the business model.

🔍 Investment Takeaway

After receiving the business summary, I will deliver a high-conviction, evergreen thesis written to institutional standards and your formatting constraints (including named competitors and moat-specific reasoning).


⚠ AI-generated — informational only. Validate using filings before investing.

📰 Market News & Coverage

15 Stories Available

Real-time institutional reporting and market updates for NODK.

globenewswire.com•2026-05-08

NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2026

FARGO, N.D., May 08, 2026 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2026.

globenewswire.com•2026-03-06

NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2025

FARGO, N.D., March 06, 2026 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (“NI Holdings,” or the “Company,” NASDAQ: NODK) announced today results for the year ended December 31, 2025.

defenseworld.net•2026-02-19

NI Holdings, Inc. (NASDAQ:NODK) Short Interest Down 14.4% in January

NI Holdings, Inc. (NASDAQ: NODK - Get Free Report) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 31,049 shares, a drop of 14.4% from the January 15th total of 36,288 shares. Based on an average daily trading volume, of 11,040

globenewswire.com•2025-11-07

NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2025

FARGO, N.D., Nov. 07, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2025.

globenewswire.com•2025-10-10

NI Holdings, Inc. Announces Leadership Change

FARGO, N.D., Oct. 10, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) today announced that Seth Daggett has stepped down from his role as President and Chief Executive Officer of NI Holdings, along with his role as a board member of the company, to pursue other opportunities, effective immediately. The Board has appointed Cindy Launer as the President and Chief Executive Officer of NI Holdings, effective October 10, 2025.

globenewswire.com•2025-08-25

NI Holdings, Inc. Announces $5M Repurchase Plan

FARGO, N.D., Aug. 25, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) announced today that its Board of Directors has approved an authorization for the repurchase of up to approximately $5 million of the Company's outstanding common stock. This supports our planned approach to capital deployment to create long-term value for our shareholders. This authorization is in addition to the approximately $1.3 million remaining under the Board's previous repurchase authorization announced on May 9, 2022, for a total of approximately $6.3 million available for the repurchase of the Company's outstanding common stock.

globenewswire.com•2025-08-08

NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2025

FARGO, N.D., Aug. 08, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2025.

globenewswire.com•2025-07-17

NI Holdings, Inc. Announces Leadership Appointment

FARGO, N.D., July 17, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) today announced a strategic leadership appointment to support the Company's long-term growth and execution of its core business strategies.

globenewswire.com•2025-05-27

NI Holdings, Inc. Announces Executive Leadership Appointments

FARGO, N.D., May 27, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) today announced several strategic leadership appointments to support the company's long-term growth and execution of its core business strategies.

businesswire.com•2025-05-20

AM Best Downgrades Issuer Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Nodak Insurance Group (Nodak). The outlook of the Long-Term ICRs has been revised to stable from negative, while the outlook of the FSR is stable. Concurrently, AM Best has downgraded the Long-Term ICR to “bbb” (Good) from “bbb+” (Good) of NI Holdings, Inc. (Fargo, N.

seekingalpha.com•2025-05-20

NI Holdings: Fully Demutualize, Remutualize, Or Neither, It's A Buy

NI Holdings offers unique windfall opportunities for shareholders from either a full demutualization or a remutualisation. Anti-dilution provisions from the 2017 IPO could result in significant gains for current shareholders upon full demutualization. The company's performance was adversely impacted in 2024 due to challenging operating conditions.

globenewswire.com•2025-05-09

NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2025

FARGO, N.D., May 09, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2025.

globenewswire.com•2024-11-22

NI Holdings, Inc. Announces Leadership Transition

FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the “Board”) search for a permanent CEO, as previously announced.

globenewswire.com•2024-11-07

NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2024

FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2024.

seekingalpha.com•2024-10-28

A Deal For NI Holdings Where Everyone Wins

American Family Insurance is selling its non-standard auto insurance business to Sentry Insurance, signaling the potential for more mutual insurance deals. NI Holdings, Inc. is undervalued, trading at 75% of FCTBV, and has failed to justify its public existence with poor financial performance. The company should remutualize, potentially selling to a mutual insurance company for around $27.50 per share, benefiting all stakeholders.

Related Companies in Financial Services

VALUE LINE INC (VALU)

Financial Services

$0.30B

Mkt Cap

FS BANCORP INC (FSBW)

Financial Services

$0.30B

Mkt Cap

JOHN MARSHALL BANCORP INC (JMSB)

Financial Services

$0.30B

Mkt Cap

ONITY GROUP INC (ONIT)

Financial Services

$0.31B

Mkt Cap

BLUE RIDGE BANKSHARES INC (BRBS)

Financial Services

$0.30B

Mkt Cap

MBIA INC (MBI)

Financial Services

$0.31B

Mkt Cap

📊 AI Financial Analysis

Powered by StockMarketInfo
Earnings Data: Q Ending 2026-03-31

"NODK reported Q1 2026 revenue of $59.6M and net income of $12.5M (EPS: $0.60). On a YoY basis, revenue increased from $71.4M in Q1 2025 to $59.6M in Q1 2026 (-16.5% YoY), while net income swung from $6.5M to $12.5M (+93.5% YoY). QoQ, revenue fell from negative $224.1M in Q4 2025 to $59.6M (not meaningful due to Q4 sign anomaly), but profitability improved materially: net income moved from -$3.2M in Q4 2025 to +$12.5M in Q1 2026. Profitability appears to have stabilized versus the prior year’s downturn quarters: Q1 2026 net margin was 21.0%, up from 9.0% in Q1 2025. Operating cash flow was -$1.9M in Q1 2026 and free cash flow was -$1.9M, reversing from strong positive operating cash flow in Q1 2026 prior quarters (e.g., +$9.9M in Q1 2025). Balance sheet liquidity remains very strong: cash and cash equivalents were $57.7M with total equity of $250.2M and no net debt (net debt -$57.7M). Total shareholder return signals limited momentum: the stock is only up 0.70% over 1Y, with 0 dividend yield and no buyback data provided in cash flow."

Revenue Growth

Caution

Revenue was $59.6M in Q1 2026 vs $71.4M in Q1 2025 (-16.5% YoY). QoQ comparison to Q4 2025 is distorted by negative reported revenue in Q4 2025, so the direction is not reliably interpretable.

Profitability

Positive

Net income improved to $12.5M in Q1 2026 vs $6.5M in Q1 2025 (+93.5% YoY) and improved QoQ from -$3.2M in Q4 2025 to +$12.5M. Net margin expanded to 21.0% from 9.0% in Q1 2025.

Cash Flow Quality

Neutral

Operating cash flow was -$1.9M in Q1 2026 (free cash flow -$1.9M), a clear deterioration versus +$9.9M operating cash flow and +$9.9M free cash flow in Q1 2025.

Leverage & Balance Sheet

Good

Liquidity is strong and leverage is low: cash and equivalents were $57.7M, total equity was $250.2M, and net debt was -$57.7M (net cash). Total assets increased to $492.1M from $525.4M in Q1 2025.

Shareholder Returns

Caution

Market momentum is modest: price is +0.70% over 1Y with 0% dividend yield shown and no buybacks indicated in the Q1 2026 cash flow.

Analyst Sentiment & Valuation

Fair

Valuation multiples provided include P/E ~5.4 in Q1 2026 ratios (based on EPS 0.60). No price target data was supplied, limiting sentiment assessment.

Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.

RevenueEarningsP/E RatioSharesDebtMargin %

Fundamentals Overview

Loading fundamentals overview...

📋 Official Regulatory 10-K / 10-Q SEC Filings

Direct authenticated documentation links to audited SEC database reports for NODK.

SEC EDGAR Live Feed
10-K
Latest Annual Report
Filed: Mar 6, 2026
→
10-Q
Latest Quarterly Report
Filed: May 8, 2026
→
🔍 View Full Historical 10-K & 10-Q Archive on SEC EDGAR
Loading financial data and tables...
📁

SEC Filings (NODK)

© 2026 Stock Market Info — NI Holdings, Inc. (NODK) Financial Profile