NI Holdings (NODK) Operating Expenses (2015 - 2026)
NI Holdings (NODK) posted quarterly Operating Expenses of $43.9 million for Q1 2026, down 31.08% year-over-year from $63.7 million in Q1 2025, and down 31.3% quarter-over-quarter from $63.9 million in Q4 2025.
NI Holdings (NODK) Operating Expenses (2015 - 2026) Analysis & Trends
NI Holdings (NODK) has reported Operating Expenses for 12 consecutive years, with $43.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 31.08% year-over-year to $43.9 million; the TTM figure through Mar 2026 stood at $277.6 million (down 11.34% YoY), while the FY2025 annual figure was $297.4 million, down 5.61% from the prior year.
- Operating Expenses fell to $43.9 million in Q1 2026 per NODK's latest filing, from $63.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $134.8 million in Q2 2022 and bottomed at $19.9 million in Q4 2022.
- Historically, Operating Expenses has averaged $75.5 million across 5 years, with a median of $77.0 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 74.18% — and 2023, when it soared 192.95%.
- NI Holdings' Operating Expenses stood at $19.9 million in 2022, then soared by 192.95% to $58.2 million in 2023, then advanced by 3.23% to $60.1 million in 2024, then gained by 6.34% to $63.9 million in 2025, then plunged by 31.3% to $43.9 million in 2026.
- Business Quant data shows NODK's Operating Expenses at $43.9 million in Q1 2026, $63.9 million in Q4 2025, and $78.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.25 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.60 Bn | 119.60 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 67.73 Bn | 29.00 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.48 Bn | 35.48 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.79 Bn | 24.90 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.32 Bn | 1.02 Bn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.12 Bn | 12.09 Bn | 2.71 Bn | 3.08 Bn |
| 10 | NI Holdings | 323.09 Mn | -53.38 Mn | 21.82 Mn | 70.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 70.00 Mn |
| Mar 31, 2026 | 43.89 Mn |
| Dec 31, 2025 | 63.89 Mn |
| Sep 30, 2025 | 78.43 Mn |
| Jun 30, 2025 | 91.38 Mn |
| Mar 31, 2025 | 63.69 Mn |
| Dec 31, 2024 | 60.08 Mn |
| Sep 30, 2024 | 92.44 Mn |
| Jun 30, 2024 | 96.88 Mn |
| Mar 31, 2024 | 65.67 Mn |
| Dec 31, 2023 | 58.20 Mn |
| Sep 30, 2023 | 77.01 Mn |
| Jun 30, 2023 | 84.34 Mn |
| Mar 31, 2023 | 87.07 Mn |
| Dec 31, 2022 | 19.87 Mn |
| Sep 30, 2022 | 102.42 Mn |
| Jun 30, 2022 | 134.84 Mn |
| Mar 31, 2022 | 63.53 Mn |
| Dec 31, 2021 | 76.94 Mn |
| Sep 30, 2021 | 91.09 Mn |