NI Holdings (NODK) Gross Margin (2017 - 2026)

NI Holdings (NODK) posted quarterly Gross Margin of 57.62% for Q1 2026, up 1155.0% YoY from 4.59% in Q1 2025, and up 63.22% sequentially from 35.3% in Q4 2025.

NI Holdings (NODK) Gross Margin (2017 - 2026) Analysis & Trends

NI Holdings has disclosed Gross Margin across 10 years of filings, most recently posting 57.62% for Q1 2026.

  • In Q1 2026, Gross Margin rose 1155.0% year-over-year to 57.62%; the TTM figure through Mar 2026 stood at 28.89% (down 606.0% YoY), while the FY2025 annual figure was 29.56%, down 664.0% from the prior year.
  • Gross Margin climbed to 57.62% in Q1 2026, from 35.3% in the prior quarter.
  • Over the last five years, Gross Margin for NODK reached as high as 57.62% in Q1 2026 and fell as low as 43.28% in Q2 2022.
  • The 5-year median for Gross Margin is 31.88% (2023), against an average of 29.73%.
  • The widest YoY moves for Gross Margin: up 1157624 bps in 2022, down 6767 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 49.83% in 2022, then advanced by 4 bps to 51.85% in 2023, then grew by 7 bps to 55.54% in 2024, then sank by 36 bps to 35.3% in 2025, then jumped by 63 bps to 57.62% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 57.62%, 35.3%, and 21.85% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn 67.14%
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn 37.68%
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn 58.50%
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn 99.65%
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn 46.48%
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn 86.87%
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn - -
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn -153.50%
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn 39.99%
10 NI Holdings 334.84 Mn -40.07 Mn 31.76 Mn 57.62%

Historic Data

Download Data
DateValue
Mar 31, 2026 57.62%
Dec 31, 2025 35.30%
Sep 30, 2025 21.85%
Jun 30, 2025 8.76%
Mar 31, 2025 46.07%
Dec 31, 2024 55.54%
Sep 30, 2024 21.82%
Jun 30, 2024 21.01%
Mar 31, 2024 42.56%
Dec 31, 2023 51.85%
Sep 30, 2023 31.88%
Jun 30, 2023 25.90%
Mar 31, 2023 27.87%
Dec 31, 2022 49.83%
Sep 30, 2022 11.50%
Jun 30, 2022 -43.28%
Mar 31, 2022 39.33%
Dec 31, 2021 84.25%
Sep 30, 2021 22.30%
Jun 30, 2021 24.39%