← 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
Total Revenue $164.3m $189.1m $212.4m $270.8m $306.4m $324.0m $324.4m $365.7m $325.2m $285.1m
Revenues:
Revenue from Contract with Customer, Including Assessed Tax — — $6.5m $2.1m $1.8m $1.8m $1.5m — — —
Gross Profit — $56.8m $76.6m $76.7m $115.2m $83.2m $33.9m $106.7m $102.6m $69.9m
Operating Expenses $158.2m $167.1m $173.8m $237.0m $253.5m $312.7m $393.5m $370.0m $315.1m $297.4m
Additional Financial Items
Other Income $36k — — — — — — $2.0m $1.9m $997k
Realized Investment Gains (Losses) $5.7m $3.0m $4.0m $14.8m $13.6m $15.5m ($13.1m) $2.1m $2.2m $1.7m
Amortization of Intangible Assets $57k — — — $5.2m $472k $472k $455k — $100k
Debt and Equity Securities, Realized Gain (Loss) — — — — — ($2.3m) ($15.1m) ($9.9m) — —
Debt Securities, Realized Gain (Loss) — — — — — — — $12.1m $551k $1.3m
Goodwill, Impairment Loss — — — — — — — $6.8m $2.6m —
Income (Loss) from Continuing Operations, Per Basic Share $4.6m $15.6m $31.2m $26.5m $41.3m $8.3m ($53.8m) ($5.2m) $0 ($0)
Income (Loss) from Continuing Operations, Per Diluted Share $4.6m $15.6m $31.2m $26.5m $41.3m $8.3m ($53.8m) ($5.2m) $0 ($0)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $6.1m $22.0m $38.6m $33.8m $52.8m $11.3m ($69.0m) ($4.3m) $10.1m ($12.3m)
Policyholder Benefits and Claims Incurred, Net $118.5m $122.7m $119.1m $169.7m $168.5m $216.4m $294.4m $244.4m $207.5m $200.8m
Premiums Earned, Net $152.8m $179.5m $195.7m $246.4m $283.7m $299.6m $328.3m $351.1m $310.1m $270.7m
Net Investment Income $6.1m $7.1m $8.4m $9.8m $10.5m $10.3m $11.3m $10.5m $12.4m $11.7m
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 —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $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, Including Portion Attributable to Noncontrolling Interest $4.6m $15.6m $31.2m $26.5m $41.3m $8.3m $53.8m $5.2m ($6.1m) ($10.4m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $87k $379k $163k $99k $955k $84k $679k $250k ($1.5m) —
Investment Income, Net $4.2m $5.0m $6.2m $7.4m $7.3m $7.1m $7.8m $10.5m $10.9m $11.7m
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) Attributable to Noncontrolling Interest $87k ($379k) $163k $99k $955k ($84k) ($679k) $250k — —
Earnings Per Share, Basic — $0.71 $1.39 $1.19 $1.86 $0.39 ($2.49) ($0.26) ($0.29) ($0.50)
Earnings Per Share, Diluted — $0.71 $1.39 $1.19 $1.84 $0.39 ($2.49) ($0.26) ($0.29) ($0.50)
Weighted Average Number of Shares Outstanding, Basic — 22.5m 22.4m 22.2m 21.8m 21.4m 21.3m 21.2m 21.0m 21.0m
Weighted Average Number of Shares Outstanding, Diluted — 22.5m 22.4m 22.3m 21.9m 21.7m 21.3m 21.2m 21.1m 21.0m
Expenses
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
Current Income Tax Expense (Benefit) $1.6m $8.5m $8.0m $7.3m $11.5m $3.0m $15.3m $963k $3.5m ($551k)
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
Income Tax Expense (Benefit) $1.5m $6.4m $7.3m $7.3m $11.5m $3.0m ($15.3m) $963k $3.5m ($1.9m)

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