Financial Snapshot

Revenue
$360.5M
TTM
Gross Margin
24.98%
TTM
Net Earnings
-$5.897M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$241.4M
Q3 2024
Cash
Q3 2024
P/E
-55.08
Nov 11, 2024 EST
Free Cash Flow
$52.66M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $375.6M $324.4M $10.34M $306.4M $270.8M $212.4M $184.4M $160.5M $142.7M $134.1M
YoY Change 15.78% 3037.99% -96.63% 13.14% 27.5% 15.17% 14.89% 12.47% 6.41%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $375.6M $324.4M $10.34M $306.4M $270.8M $212.4M $184.4M $160.5M $142.7M $134.1M
Cost Of Revenue $244.4M $294.4M $216.4M $168.5M $169.7M $119.1M
Gross Profit $106.7M $33.86M $83.21M $115.2M $76.73M $76.63M
Gross Profit Margin 28.41% 10.44% 804.82% 37.6% 28.34% 36.08%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $84.27M $708.0K $694.0K $709.0K $538.0K $492.0K $540.0K $500.0K $570.0K $490.0K
YoY Change 11802.82% 2.02% -2.12% 31.78% 9.35% -8.89% 8.0% -12.28% 16.33%
% of Gross Profit 78.96% 2.09% 0.83% 0.62% 0.7% 0.64%
Operating Expenses $363.2M $393.5M $312.7M $253.5M $237.0M $173.2M $167.2M $157.6M $119.9M $117.6M
YoY Change -7.69% 25.84% 23.34% 6.96% 36.84% 3.59% 6.09% 31.44% 1.96%
Operating Profit -$256.5M -$359.6M -$229.5M -$138.3M -$160.3M -$96.57M
YoY Change -28.68% 56.72% 65.9% -13.7% 65.97%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Interest Expense -$9.927M $7.300M $7.400M $6.200M $5.000M $3.600M $3.600M $4.100M
YoY Change -1.35% 19.35% 24.0% 38.89% 0.0% -12.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Pretax Income -$4.263M -$69.03M $11.31M $52.82M $33.81M $39.17M $22.00M $6.100M $25.90M $20.20M
YoY Change -93.82% -710.55% -78.59% 56.21% -13.67% 78.02% 260.66% -76.45% 28.22%
Income Tax $963.0K -$15.25M $2.974M $11.47M $7.311M $7.921M $7.700M $1.500M $8.300M $6.400M
% Of Pretax Income 26.3% 21.72% 21.62% 20.22% 35.0% 24.59% 32.05% 31.68%
Net Earnings -$5.476M -$53.10M $8.416M $40.39M $26.40M $31.08M $16.00M $4.600M $17.50M $13.80M
YoY Change -89.69% -730.89% -79.16% 52.98% -15.06% 94.26% 247.83% -73.71% 26.81%
Net Earnings / Revenue -1.46% -16.37% 81.4% 13.18% 9.75% 14.64% 8.68% 2.87% 12.26% 10.29%
Basic Earnings Per Share -$0.26 -$2.49 $0.39 $1.86 $1.19 $1.39
Diluted Earnings Per Share -$0.26 -$2.49 $388.6K $1.84 $1.19 $1.39 $711.1K $200.0K $760.9K $600.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Cash & Short-Term Investments $101.1M $62.10M $69.00M $27.60M $18.30M $14.50M $21.70M
YoY Change 62.8% -10.0% 150.0% 50.82% 26.21% -33.18%
Cash & Equivalents $56.69M $47.00M $70.62M $101.1M $62.10M $69.00M $27.60M $18.30M $14.50M $21.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $101.1M $62.10M $69.00M $27.60M $18.30M $14.50M $21.70M
YoY Change 62.8% -10.0% 150.0% 50.82% 26.21% -33.18%
Property, Plant & Equipment $11.53M $9.843M $9.869M $9.900M $7.700M $7.000M $5.900M $4.800M $4.700M $4.700M
YoY Change 17.18% -0.26% -0.31% 28.57% 10.0% 18.64% 22.92% 2.13% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $377.5M $357.7M $444.3M $393.3M $357.8M $305.4M $286.3M $189.4M $183.3M $164.5M
YoY Change 5.53% -19.49% 12.98% 9.92% 17.16% 6.67% 51.16% 3.33% 11.43%
Other Assets $8.413M $9.005M
YoY Change -6.57%
Total Long-Term Assets $516.5M $446.1M $389.5M $349.4M $260.4M $244.1M $225.5M
YoY Change 15.78% 14.53% 11.48% 34.18% 6.68% 8.25%
Total Assets $654.9M $614.2M $651.8M $617.6M $508.2M $458.5M $377.0M $278.7M $258.6M $247.2M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $23.18M $22.05M $13.10M $14.80M $9.400M $9.900M $8.300M $5.300M $5.800M $4.700M
YoY Change 5.11% 68.29% -11.46% 57.45% -5.05% 19.28% 56.6% -8.62% 23.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.27M $22.05M $18.07M $15.60M $11.20M $10.10M $9.700M $5.300M $6.300M $6.100M
YoY Change 5.51% 22.07% 15.81% 39.29% 10.89% 4.12% 83.02% -15.87% 3.28%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $13.02M $244.4M $182.5M $171.9M $109.2M $117.1M $98.80M $100.4M
YoY Change -100.0% -94.67% 33.92% 6.17% 57.42% -6.75% 18.52% -1.59%
Total Long-Term Liabilities $0.00 $0.00 $13.02M $244.4M $182.5M $171.9M $109.2M $117.1M $98.80M $100.4M
YoY Change -100.0% -94.67% 33.92% 6.17% 57.42% -6.75% 18.52% -1.59%
Total Liabilities $407.2M $363.3M $308.6M $273.3M $201.9M $186.0M $124.6M $128.8M $112.1M $114.9M
YoY Change 12.11% 17.72% 12.91% 35.36% 8.55% 49.28% -3.26% 14.9% -2.44%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Basic Shares Outstanding 21.16M shares 21.33M shares 21.42M shares 21.77M shares 22.18M shares 22.36M shares
Diluted Shares Outstanding 21.16M shares 21.33M shares 21.66M shares 21.94M shares 22.27M shares 22.39M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $324.8 Million

About NI Holdings Inc

NI Holdings, Inc. engages in the provision of insurance products and services through its subsidiaries. The company is headquartered in Fargo, North Dakota and currently employs 219 full-time employees. The company went IPO on 2017-03-16. The firm is the stock holding company of Nodak Insurance Company (Nodak Insurance). Nodak Insurance is a domestic property and casualty insurance company. The Company’s segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and all other. The private passenger auto insurance segment writes private passenger auto insurance to provide protection against liability for bodily injury and property damage arising from automobile accidents as well as protection against loss from damage to automobiles owned by the insured. The non-standard auto insurance segment writes non-standard auto insurance. The home and farm insurance segment writes homeowners and farmowners policies. The crop insurance segment offers crop hail and multi-peril crop insurance policies. The commercial insurance segment writes commercial multi-peril policies.

Industry: Fire, Marine & Casualty Insurance Peers: Tiptree Inc Global Indemnity Group LLC Hci Group Inc Investors Title Co Kingsway Financial Services Inc Progressive Corp Root Inc Trean Insurance Group, Inc. Universal Insurance Holdings Inc