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| 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% |