NI Holdings (NODK) Operating Margin (2017 - 2026)
NI Holdings (NODK) posted quarterly Operating Margin of 22.02% for Q1 2026, up 2106.0% YoY from 1.0% in Q1 2025, and up 68.29% sequentially from 69.44% in Q4 2025.
NI Holdings (NODK) Operating Margin (2017 - 2026) Analysis & Trends
NI Holdings has disclosed Operating Margin across 10 years of filings, most recently posting 22.02% for Q1 2026.
- In Q1 2026, Operating Margin rose 2106.0% year-over-year to 22.02%; the TTM figure through Mar 2026 stood at 77.46% (down 1347.0% YoY), while the FY2025 annual figure was 74.76%, down 1409.0% from the prior year.
- Operating Margin advanced to 22.02% in Q1 2026, from 69.44% in the prior quarter.
- Over the last five years, Operating Margin for NODK reached as high as 20.8% in Q4 2022 and fell as low as 221.2% in Q2 2022.
- The 5-year median for Operating Margin is 69.44% (2025), against an average of 73.83%.
- The widest YoY moves for Operating Margin: up 2981677 bps in 2022, down 14163 bps in 2022.
- A 5-year view of Operating Margin shows it stood at 20.8% in 2022, then slumped by 70 bps to 35.29% in 2023, then increased by 27 bps to 25.74% in 2024, then plunged by 170 bps to 69.44% in 2025, then jumped by 68 bps to 22.02% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 22.02%, 69.44%, and 87.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | -7.70% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | -46.25% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 11.57% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 12.21% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 8.45% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 5.54% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | 71.45% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 10.48% |
| 10 | NI Holdings | 334.84 Mn | -40.07 Mn | 31.76 Mn | -22.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -22.02% |
| Dec 31, 2025 | -69.44% |
| Sep 30, 2025 | -87.22% |
| Jun 30, 2025 | -116.41% |
| Mar 31, 2025 | -43.08% |
| Dec 31, 2024 | -25.74% |
| Sep 30, 2024 | -89.19% |
| Jun 30, 2024 | -89.32% |
| Mar 31, 2024 | -51.41% |
| Dec 31, 2023 | -35.29% |
| Sep 30, 2023 | -66.82% |
| Jun 30, 2023 | -78.12% |
| Mar 31, 2023 | -78.89% |
| Dec 31, 2022 | -20.80% |
| Sep 30, 2022 | -103.35% |
| Jun 30, 2022 | -221.20% |
| Mar 31, 2022 | -56.73% |
| Dec 31, 2021 | 60.40% |
| Sep 30, 2021 | -85.36% |
| Jun 30, 2021 | -79.57% |