NI Holdings (NODK) Gross Margin (2017 - 2026)
NI Holdings (NODK) reported Gross Margin of 57.62% for Q1 2026, up 1155.0% year-over-year from 4.59% in Q1 2025, and up 63.22% quarter-over-quarter from 35.3% in Q4 2025.
NI Holdings (NODK) Gross Margin (2017 - 2026) Analysis & Trends
NI Holdings (NODK) has 10 years of Gross Margin data on file, last reported at 57.62% in Q1 2026.
- Gross Margin for Q1 2026 came in at 57.62%, up 1155.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.89% (down 606.0% YoY), and the FY2025 annual result was 29.56%, down 664.0% from the prior year.
- Gross Margin grew to 57.62% in Q1 2026 per NODK's latest filing, from 35.3% in the prior quarter.
- Over five years, Gross Margin peaked at 57.62% in Q1 2026 and troughed at 43.28% in Q2 2022.
- A 5-year average of 29.73% and a median of 31.88% in 2023 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 1157624 bps in 2022 and fell as far as 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 tumbled by 36 bps to 35.3% in 2025, then jumped by 63 bps to 57.62% in 2026.
- Business Quant data shows NODK's Gross Margin at 57.62% in Q1 2026, 35.3% in Q4 2025, and 21.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | NI Holdings | 310.42 Mn | -64.49 Mn | 31.76 Mn | 57.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |