NI Holdings (NODK) Tax Rate (2016 - 2026)

NI Holdings (NODK) reported Tax Rate of 20.38% for Q1 2026, up 375.0% year-over-year from 4.29% in Q1 2025, and up 327.02% quarter-over-quarter from 8.98% in Q4 2025.

NI Holdings (NODK) Tax Rate (2016 - 2026) Analysis & Trends

NI Holdings (NODK) has 11 years of Tax Rate data on file, last reported at 20.38% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 20.38%, up 375.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.07% (down 3233.0% YoY), and the FY2025 annual result was 15.54%, down 1940.0% from the prior year.
  • Tax Rate improved to 20.38% in Q1 2026 per NODK's latest filing, from 8.98% in the prior quarter.
  • Over five years, Tax Rate peaked at 28.83% in Q4 2024 and troughed at 8.98% in Q4 2025.
  • A 5-year average of 16.68% and a median of 21.0% in 2023 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2024 and 2025: Tax Rate surged 2539 bps in 2024, then slumped 3781 bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 4.34% in 2022, then retreated by 21 bps to 3.44% in 2023, then surged by 738 bps to 28.83% in 2024, then tumbled by 131 bps to 8.98% in 2025, then soared by 327 bps to 20.38% in 2026.
  • Business Quant data shows NODK's Tax Rate at 20.38% in Q1 2026, 8.98% in Q4 2025, and 10.33% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Chubb 127.40 Bn 119.98 Bn 8.64 Bn 21.58%
2 Progressive 119.47 Bn 115.12 Bn 8.36 Bn 20.98%
3 Travelers Companies 65.26 Bn 41.34 Bn 5.54 Bn 19.25%
4 Allstate 57.33 Bn 32.74 Bn 14.72 Bn 20.91%
5 Berkley W R 26.90 Bn 23.16 Bn 2.72 Bn 16.32%
6 Cincinnati Financial 25.67 Bn 24.41 Bn 2.60 Bn 15.95%
7 Markel 22.97 Bn 7.51 Bn 2.38 Bn 24.30%
8 Loews 22.18 Bn 9.92 Bn -1.32 Bn 23.54%
9 Assurant 12.79 Bn 10.87 Bn 2.01 Bn 18.33%
10 NI Holdings 310.42 Mn -64.49 Mn 31.76 Mn 20.38%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.38%
Mar 31, 2026 20.38%
Dec 31, 2025 -8.98%
Dec 31, 2025 -8.98%
Sep 30, 2025 10.33%
Sep 30, 2025 10.33%
Jun 30, 2025 21.36%
Jun 30, 2025 21.36%
Mar 31, 2025 16.63%
Mar 31, 2025 16.63%
Dec 31, 2024 28.83%
Dec 31, 2024 28.83%
Sep 30, 2024 21.73%
Sep 30, 2024 21.73%
Jun 30, 2024 17.55%
Jun 30, 2024 17.55%
Mar 31, 2024 21.49%
Mar 31, 2024 21.49%
Dec 31, 2023 3.44%
Dec 31, 2023 3.44%