NI Holdings (NODK) Operating Expenses (2015 - 2026)

NI Holdings (NODK) reported 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 12 years of Operating Expenses data on file, last reported at $43.9 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $43.9 million, down 31.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $277.6 million (down 11.34% YoY), and the FY2025 annual result was $297.4 million, down 5.61% from the prior year.
  • Operating Expenses slipped to $43.9 million in Q1 2026 per NODK's latest filing, from $63.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $134.8 million in Q2 2022 and troughed at $19.9 million in Q4 2022.
  • A 5-year average of $75.5 million and a median of $77.0 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 74.18% in 2022, then soared 192.95% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $19.9 million in 2022, then surged by 192.95% to $58.2 million in 2023, then gained by 3.23% to $60.1 million in 2024, then rose by 6.34% to $63.9 million in 2025, then tumbled 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Chubb 127.40 Bn 119.98 Bn 8.64 Bn 11.78 Bn
2 Progressive 119.47 Bn 115.12 Bn 8.36 Bn 18.62 Bn
3 Travelers Companies 65.26 Bn 41.34 Bn 5.54 Bn 9.81 Bn
4 Allstate 57.33 Bn 32.74 Bn 14.72 Bn 13.83 Bn
5 Berkley W R 26.90 Bn 23.16 Bn 2.72 Bn 3.07 Bn
6 Cincinnati Financial 25.67 Bn 24.41 Bn 2.60 Bn 2.54 Bn
7 Markel 22.97 Bn 7.51 Bn 2.38 Bn 3.10 Bn
8 Loews 22.18 Bn 9.92 Bn -1.32 Bn 4.09 Bn
9 Assurant 12.79 Bn 10.87 Bn 2.01 Bn 3.08 Bn
10 NI Holdings 310.42 Mn -64.49 Mn 31.76 Mn 43.89 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 86.51 Mn