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| Date | Value |
|---|---|
| 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% |