NI Holdings (NODK) Operating Margin (2017 - 2026)
NI Holdings (NODK) posted quarterly Operating Margin of 12.83% for Q1 2026, up 3025.0% year-over-year from 0.41% in Q1 2025, and up 83.43% quarter-over-quarter from 77.42% in Q4 2025.
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NI Holdings (NODK) Operating Margin (2017 - 2026) Analysis & Trends
NI Holdings (NODK) has reported Operating Margin for 10 consecutive years, with 12.83% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 3025.0% year-over-year to 12.83%; the TTM figure through Mar 2026 stood at 73.21% (down 784.0% YoY), while the FY2025 annual figure was 84.06%, down 2338.0% from the prior year.
- Operating Margin rose to 12.83% in Q1 2026 per NODK's latest filing, from 77.42% in the prior quarter.
- Across five years, Operating Margin topped out at 5.19% in Q4 2023 and bottomed at 221.2% in Q2 2022.
- Historically, Operating Margin has averaged 73.12% across 5 years, with a median of 75.82% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin surged 2981677 bps — and 2025, when it plunged 5168 bps.
- NI Holdings' Operating Margin stood at 40.58% in 2022, then soared by 87 bps to 5.19% in 2023, then slumped by 396 bps to 25.74% in 2024, then slumped by 201 bps to 77.42% in 2025, then surged by 83 bps to 12.83% in 2026.
- Business Quant data shows NODK's Operating Margin at 12.83% in Q1 2026, 77.42% in Q4 2025, and 75.82% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.06 Bn | 121.30 Bn | 9.13 Bn | 11.13% |
| 2 | Progressive | 130.73 Bn | 125.73 Bn | 9.04 Bn | -43.89% |
| 3 | Travelers Companies | 79.08 Bn | 55.33 Bn | 6.23 Bn | 8.80% |
| 4 | Allstate | 67.97 Bn | 29.24 Bn | 16.28 Bn | 5.43% |
| 5 | Fairfax Financial Holdings | 35.99 Bn | 35.99 Bn | - | - |
| 6 | Cincinnati Financial | 26.95 Bn | 25.06 Bn | 2.39 Bn | 7.46% |
| 7 | Markel | 23.13 Bn | 6.24 Bn | 2.83 Bn | 38.83% |
| 8 | Loews | 22.70 Bn | 400.53 Mn | 2.57 Bn | 16.08% |
| 9 | Assurant | 14.24 Bn | 12.21 Bn | 2.71 Bn | 4.12% |
| 10 | NI Holdings | 320.07 Mn | -56.40 Mn | 21.82 Mn | -68.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -68.61% |
| Mar 31, 2026 | -12.83% |
| Dec 31, 2025 | -69.44% |
| Sep 30, 2025 | -75.82% |
| Jun 30, 2025 | -107.72% |
| Mar 31, 2025 | -43.08% |
| Dec 31, 2024 | -25.74% |
| Sep 30, 2024 | -77.04% |
| Jun 30, 2024 | -89.32% |
| Mar 31, 2024 | -42.03% |
| Dec 31, 2023 | -14.82% |
| Sep 30, 2023 | -66.82% |
| Jun 30, 2023 | -78.12% |
| Mar 31, 2023 | -78.89% |
| Dec 31, 2022 | -20.80% |
| Sep 30, 2022 | -102.54% |
| Jun 30, 2022 | -188.10% |
| Mar 31, 2022 | -48.97% |
| Dec 31, 2021 | -49.70% |
| Sep 30, 2021 | -85.36% |