← NI Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $4.6m $16.0m $31.1m $26.4m $40.4m $8.4m ($53.1m) ($5.5m) ($6.1m) ($10.4m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $4.6m $15.6m $31.2m $26.5m $41.3m $8.3m ($53.8m) ($5.2m) $6.6m ($10.4m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — ($15.1m) ($25.1m) $6.6m ($10.4m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — ($15.1m) ($25.1m) ($6.1m) ($10.4m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — ($15.1m) ($25.1m) ($1.5m) —
Net Income (Loss) Attributable to Noncontrolling Interest $87k ($379k) $163k $99k $955k ($84k) ($679k) $250k — —
Depreciation, Depletion and Amortization $441k $500k $492k $538k $709k $694k $708k $826k $681k $694k
Amortization of Deferred Charges — — — — — — $66.8m — — —
Amortization of Debt Issuance Costs and Discounts — — — — — — $1.6m — — —
Amortization of Intangible Assets $57k — — — $5.2m $472k $472k $455k — $100k
Deferred Policy Acquisition Costs, Amortization Expense $20.4m $27.8m $31.9m $46.2m $51.5m $64.6m $66.8m $83.0m $71.3m $60.0m
Deferred Income Tax Expense (Benefit) ($85k) ($2.1m) ($692k) $1.9m $638k ($1.3m) ($4.0m) ($1.9m) $1.9m ($1.4m)
Share-based Payment Arrangement, Noncash Expense — $423k $1.2m $1.6m $2.3m $2.4m ($40k) $1.4m $238k $828k
Goodwill and Intangible Asset Impairment — — — — — — — $6.8m — —
Goodwill, Impairment Loss — — — — — — — $6.8m $2.6m —
Gain (Loss) on Disposition of Property Plant Equipment — — $11k ($37k) ($6k) ($31k) $186k $55k $64k $64k
Income Tax Expense (Benefit) $1.5m $6.4m $7.3m $7.3m $11.5m $3.0m ($15.3m) $963k $3.5m ($1.9m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets $902k ($506k) $1.5m $109k ($186k) $3.7m ($9k) $600k $231k $1.0m
Debt and Equity Securities, Realized Gain (Loss) — — — — — ($2.3m) ($15.1m) ($9.9m) — —
Debt Securities, Realized Gain (Loss) — — — — — — — $12.1m $551k $1.3m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — ($17.5m) —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — $11.5m $5.9m — — — — —
Goodwill $2.6m $2.6m $4.6m $2.9m $9.4m $9.4m $9.4m $2.6m — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $118.5m $122.7m $119.1m $169.7m $168.5m $216.4m $294.4m $244.4m $231.0m $200.8m
Operating Expenses $158.2m $167.1m $173.8m $237.0m $253.5m $312.7m $393.5m $370.0m $315.1m $297.4m
Realized Investment Gains (Losses) $5.7m $3.0m $4.0m $14.8m $13.6m $15.5m ($13.1m) $2.1m $2.2m $1.7m
Revenue from Contract with Customer, Including Assessed Tax — — $6.5m $2.1m $1.8m $1.8m $1.5m — — —
Unrealized Gain (Loss) on Investments — — — — — — $6.6m $6.4m $1.7m $390k
Gain (Loss) on Investments — — — — $7.8m $17.8m $1.9m $2.1m $2.3m $1.7m
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax — — — — — — ($15.1m) ($25.1m) $6.3m —
Net Cash Provided by (Used in) Operating Activities $7.3m $18.4m $21.0m $25.7m $51.0m $29.2m ($30.4m) $26.0m $38.5m ($15.3m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $548k $1.3m $1.6m $1.3m $543k $696k $1.2m $974k $991k $217k
Payments to Acquire Businesses, Net of Cash Acquired — — — — $703k — — — — —
Gain (Loss) on Sale of Investments — — — — — $15.5m ($13.1m) — — —
Payments for (Proceeds from) Other Investing Activities ($74k) ($83k) ($18k) ($63k) $275k ($901k) — — — —
Net Cash Provided by (Used in) Investing Activities ($3.5m) ($91.9m) $23.4m ($30.5m) $200k ($48.2m) $25.0m ($8.8m) ($4.5m) $18.8m
Cash flows from financing activities:
Proceeds from Issuance of Common Stock — $93.1m — — — — — — — —
Payments for Repurchase of Common Stock — — — — — — $4.2m — — —
Dividends paid — — — — — — — — $8.3m $6.7m
Net Cash Provided by (Used in) Financing Activities — $82.7m ($3.0m) ($2.0m) ($12.3m) ($11.5m) ($18.3m) ($7.5m) ($3.6m) ($2.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($6.8m) $38.9m — ($23.6m) $9.7m ($20.4m) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $70.6m $47.0m $56.7m $50.9m $51.7m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $3.8m — $10.3m $4.0m $11.6m $5.4m $2.4m ($11.1m) $2.9m $3.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.