NI Holdings (NODK) Tax Rate (2016 - 2026)
NI Holdings' Tax Rate was 36.52% in Q2 2026, up 15.16 percentage points from 21.36% a year earlier and up 16.14 percentage points from the prior quarter.
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Analysis
NI Holdings (NODK) Tax Rate (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, NI Holdings' Tax Rate was 29.98% through Jun 30, 2026, down 14.73 percentage points year-over-year; for FY2025, it came in at 15.54%, down 19.40 percentage points from FY2024.
- Tax Rate shows a five-year change of -6.18 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 34.94% in FY2024 (+31.46 pp), 3.48% in FY2023 (-23.35 pp), 26.84% in FY2022 (+0.53 pp) and 26.30% in FY2021 (+4.58 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q2 2017.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of -0.65 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q4 2024 (a gain of 25.39 percentage points); the worst was Q4 2025 (a drop of 37.81 percentage points).
- Per Business Quant data, NODK's Tax Rate in the three quarters before Q2 2026 was 20.38% (Q1 2026), -8.98% (Q4 2025) and 10.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,073.91 Bn | -343.57 Bn | 55.86 Bn | 19.62% |
| 2 | Chubb | 125.44 Bn | 77.50 Bn | 9.13 Bn | 20.47% |
| 3 | Progressive | 120.54 Bn | 96.37 Bn | 9.04 Bn | 21.34% |
| 4 | Marsh & Mclennan Companies | 81.59 Bn | 73.34 Bn | - | 24.15% |
| 5 | Travelers Companies | 74.40 Bn | 50.64 Bn | 6.23 Bn | 20.20% |
| 6 | Manulife Financial | 72.53 Bn | 73.74 Bn | - | - |
| 7 | Metlife | 60.06 Bn | -46.42 Bn | 7.82 Bn | 24.73% |
| 8 | Aon | 58.71 Bn | 51.95 Bn | - | 21.96% |
| 9 | Arthur J. Gallagher | 58.49 Bn | 52.93 Bn | - | 21.74% |
| 10 | NI Holdings | 304.84 Mn | 119.15 Mn | 21.82 Mn | 36.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.52% |
| Mar 31, 2026 | 20.38% |
| Mar 31, 2025 | 16.63% |
| Dec 31, 2024 | 28.83% |
| Mar 31, 2024 | 21.49% |
| Dec 31, 2023 | 3.44% |
| Sep 30, 2023 | 21.00% |
| Dec 31, 2022 | 4.34% |
| Mar 31, 2022 | 21.79% |
| Dec 31, 2021 | 26.96% |
| Mar 31, 2021 | 22.81% |
| Dec 31, 2020 | 21.68% |
| Sep 30, 2020 | 24.37% |
| Jun 30, 2020 | 20.74% |
| Dec 31, 2019 | 19.31% |
| Jun 30, 2019 | 28.45% |
| Mar 31, 2019 | 21.81% |
| Dec 31, 2018 | 22.34% |
| Sep 30, 2018 | 17.04% |
| Jun 30, 2018 | 35.52% |
API Access
NI Holdings Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=NODK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NODK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=NODK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();