NI Holdings (NODK) Tax Rate (2016 - 2026)
NI Holdings (NODK) posted quarterly 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.
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NI Holdings (NODK) Tax Rate (2016 - 2026) Analysis & Trends
NI Holdings (NODK) has reported Tax Rate for 11 consecutive years, with 20.38% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 375.0% year-over-year to 20.38%; the TTM figure through Mar 2026 stood at 0.07% (down 3233.0% YoY), while the FY2025 annual figure was 15.54%, down 1940.0% from the prior year.
- Tax Rate advanced to 20.38% in Q1 2026 per NODK's latest filing, from 8.98% in the prior quarter.
- Across five years, Tax Rate topped out at 28.83% in Q4 2024 and bottomed at 8.98% in Q4 2025.
- Historically, Tax Rate has averaged 16.68% across 5 years, with a median of 21.0% in 2023.
- Annual changes were most pronounced in 2024 — Tax Rate surged 2539 bps — and 2025, when it slumped 3781 bps.
- NI Holdings' Tax Rate stood at 4.34% in 2022, then decreased by 21 bps to 3.44% in 2023, then soared by 738 bps to 28.83% in 2024, then plunged by 131 bps to 8.98% in 2025, then jumped 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.87 Bn | 121.10 Bn | 9.13 Bn | 20.47% |
| 2 | Progressive | 130.55 Bn | 125.55 Bn | 9.04 Bn | 21.34% |
| 3 | Travelers Companies | 79.11 Bn | 55.36 Bn | 6.23 Bn | 20.20% |
| 4 | Allstate | 67.83 Bn | 29.10 Bn | 16.28 Bn | 21.03% |
| 5 | Fairfax Financial Holdings | 36.18 Bn | 36.18 Bn | - | -20.41% |
| 6 | Cincinnati Financial | 26.93 Bn | 25.04 Bn | 2.39 Bn | 20.37% |
| 7 | Markel | 23.13 Bn | 6.24 Bn | 2.83 Bn | 21.92% |
| 8 | Loews | 22.61 Bn | 314.22 Mn | 2.57 Bn | 23.04% |
| 9 | Assurant | 14.25 Bn | 12.21 Bn | 2.71 Bn | 20.77% |
| 10 | NI Holdings | 320.07 Mn | -56.40 Mn | 21.82 Mn | 36.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.52% |
| Mar 31, 2026 | 20.38% |
| Dec 31, 2025 | -8.98% |
| Sep 30, 2025 | 10.33% |
| Jun 30, 2025 | 21.36% |
| Mar 31, 2025 | 16.63% |
| Dec 31, 2024 | 28.83% |
| Sep 30, 2024 | 21.73% |
| Jun 30, 2024 | 17.55% |
| Mar 31, 2024 | 21.49% |
| Dec 31, 2023 | 3.44% |
| Sep 30, 2023 | 21.00% |
| Jun 30, 2023 | 21.01% |
| Mar 31, 2023 | 18.37% |
| Dec 31, 2022 | 4.34% |
| Sep 30, 2022 | 23.21% |
| Jun 30, 2022 | 21.02% |
| Mar 31, 2022 | 21.79% |
| Dec 31, 2021 | 42.53% |
| Sep 30, 2021 | 25.03% |