NI Holdings Inc

NODKFinancial·Insurance - Property & Casualty·USA·Small·NASD·Nov 11 • 3:59 PM ET

15.31+0.11 (0.72%)

2026-11-12 03:27 CET

Market cap

310.94 USD m

Revenue, TTM

259.40 USD m

Net income, TTM

15.03 USD m

Free cash flow, TTM

-3.05 USD m

EPS diluted, TTM

0.72

P/E

21.37

Compare

Price

NODK against its 20, 50 and 200-day averages

2050200

8.3% under the 52-week high of 16.70 on 15 Jul 2026. 52-week low 12.37 on 1 Dec 2025. Last 15 sessions, 7.7% high to low

Volume 0.54× normal · the line is the 50-bar volume average

Profile

NODK

52-week range, 68% of the way up

12.3716.70

NI Holdings, Inc. engages in the provision of insurance products and services through its subsidiaries. It operates through the following segments: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other. The Private Passenger Auto segment offers protection against liability for bodily injury, property damage arising from automobile accidents, and protection against loss from damage to automobiles owned by the insured. The Non-Standard Auto segment focuses on minimum-limit auto liability coverage. The Home and Farm Insurance segment consists of coverage for damage to buildings, equipment, and contents for a variety of perils, including fire, lightning, wind, hail, and theft. The Crop Insurance segment covers crop hail and multi-peril crop insurance policies. The All Other segment captures remaining insurance coverages assumed reinsurance lines of business. The company was founded on March 13, 2017 and is headquartered in Fargo, ND.

Index	RUT
Employees	172
IPO	Mar 16, 2017
Beta	0.24
ATR, 14d	0.38
Rel volume	0.54
Short float	1.16%
Insider own	63.29%
Inst own	25.33%

Snapshot

6 groups

Valuation

Index	RUT
Market Cap	310.93M
Enterprise Value	-
Income	15.03M
Sales	259.40M
Book/sh	12.02
Cash/sh	-
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	172
IPO	Mar 16, 2017

Ratios

P/E	21.37
Forward P/E	-
PEG	-
P/S	1.20
P/B	1.27
P/C	-
P/FCF	-
EV/EBITDA	-
EV/Sales	-
Quick Ratio	-
Current Ratio	1.22
Debt/Eq	0.00
LT Debt/Eq	0.00
Option/Short	No / Yes

Earnings

EPS (ttm)	0.72
EPS next Y	-
EPS next Q	-
EPS this Y	-
EPS next Y	-
EPS next 5Y	-
EPS past 3/5Y	41.59% -
Sales past 3/5Y	-4.22% -1.43%
EPS Y/Y TTM	446.58%
Sales Y/Y TTM	-12.94%
EPS Q/Q	434.93%
Sales Q/Q	-10.44%
Earnings	-
EPS/Sales Surpr.	- -

Ownership

Insider Own	63.29%
Insider Trans	0.00%
Inst Own	25.33%
Inst Trans	-0.01%
ROA	2.96%
ROE	6.15%
ROIC	6.15%
Gross Margin	-
Oper. Margin	7.73%
Profit Margin	5.79%
SMA20	1.84%
SMA50	2.05%
SMA200	6.21%
Trades	-

Technical

Shs Outstand	20.34M
Shs Float	7.46M
Short Float	1.16%
Short Ratio	3.64
Short Interest	0.09M
52W High	16.70 -8.32%
52W Low	12.37 23.77%
Volatility	3.18% 2.10%
ATR (14)	0.38
RSI (14)	56.87
Beta	0.24
Rel Volume	0.54
Avg Volume	23.77K
Volume	12,856

Performance

Perf Week	-0.97%
Perf Month	3.24%
Perf Quarter	-0.20%
Perf Half Y	11.59%
Perf YTD	15.11%
Perf Year	14.25%
Perf 3Y	20.65%
Perf 5Y	-23.07%
Perf 10Y	-
Recom	-
Target Price	-
Prev Close	15.20
Price	15.31
Change %	0.72%

Peers

Mkt cap

Ticker	Company	Mkt cap
DGICA	Donegal Group Inc	750.10M
KINS	Kingstone Cos. Inc	326.41M
SAFT	Safety Insurance Group Inc	1.53B
UFCS	United Fire Group Inc	1.32B
GBLI	Global Indemnity Group LLC	317.99M
HMN	Horace Mann Educators Corp	2.16B
HRTG	Heritage Insurance Holdings Inc	996.25M
MCY	Mercury General Corp	4.78B
ACIC	American Coastal Insurance Corp	481.41M
UVE	Universal Insurance Holdings Inc	1.33B

Ticker

Company

Mkt cap

DGICA

Donegal Group Inc

750.10M

KINS

Kingstone Cos. Inc

326.41M

SAFT

Safety Insurance Group Inc

1.53B

UFCS

United Fire Group Inc

1.32B

GBLI

Global Indemnity Group LLC

317.99M

HMN

Horace Mann Educators Corp

2.16B

HRTG

Heritage Insurance Holdings Inc

996.25M

MCY

Mercury General Corp

4.78B

ACIC

American Coastal Insurance Corp

481.41M

UVE

Universal Insurance Holdings Inc

1.33B

Held by

AUM

Ticker	Company	AUM
IWM	iShares Russell 2000 Index Fund	AUM: 77.38B
VTI	Vanguard Morningstar Total Stock Market ETF	AUM: 687.42B
DFAT	U.S. Targeted Value Portfolio-ETF Class Shares	AUM: 14.47B
VXF	Vanguard Extended Market Index ETF	AUM: 30.47B
DFAS	U.S. Small Cap Portfolio-ETF Class Shares	AUM: 15.51B
IWN	iShares Russell 2000 Value ETF	AUM: 14.10B
DFAC	U.S. Core Equity 2 Portfolio-ETF Class Shares	AUM: 49.14B
DFMC	U.S. Micro Cap Portfolio ETF Class Shares	AUM: 212.10M
VTWO	Vanguard Russell 2000 Index ETF	AUM: 16.75B
BSVO	EA Bridgeway Omni Small-Cap Value ETF	AUM: 2.44B

Ticker

Company

AUM

IWM

iShares Russell 2000 Index Fund

AUM: 77.38B

VTI

Vanguard Morningstar Total Stock Market ETF

AUM: 687.42B

DFAT

U.S. Targeted Value Portfolio-ETF Class Shares

AUM: 14.47B

VXF

Vanguard Extended Market Index ETF

AUM: 30.47B

DFAS

U.S. Small Cap Portfolio-ETF Class Shares

AUM: 15.51B

IWN

iShares Russell 2000 Value ETF

AUM: 14.10B

DFAC

U.S. Core Equity 2 Portfolio-ETF Class Shares

AUM: 49.14B

DFMC

U.S. Micro Cap Portfolio ETF Class Shares

AUM: 212.10M

VTWO

Vanguard Russell 2000 Index ETF

AUM: 16.75B

BSVO

EA Bridgeway Omni Small-Cap Value ETF

AUM: 2.44B

News

latest 14 of 200

Nov-06-26 04:15PMNI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2026 (GlobeNewswire)
Aug-07-26 04:15PMNI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2026 (GlobeNewswire)
May-08-26 04:15PMNI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2026 (GlobeNewswire)
Mar-06-26 04:15PMNI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2025 (GlobeNewswire)
Nov-07-25 04:15PMNI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2025 (GlobeNewswire)
Oct-10-25 05:33PMNI Holdings, Inc. Announces Leadership Change (GlobeNewswire)
Aug-25-25 04:15PMNI Holdings, Inc. Announces $5M Repurchase Plan (GlobeNewswire)
Aug-08-25 04:15PMNI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2025 (GlobeNewswire)
Jul-17-25 04:15PMNI Holdings, Inc. Announces Leadership Appointment (GlobeNewswire)
May-27-25 04:15PMNI Holdings, Inc. Announces Executive Leadership Appointments (GlobeNewswire)
May-20-25 03:28PMAM Best Downgrades Issuer Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc. (Business Wire)
May-09-25 04:15PMNI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2025 (GlobeNewswire)
Mar-07-25 04:15PMNI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2024 (GlobeNewswire) -5.72%
Nov-22-24 04:15PMNI Holdings, Inc. Announces Leadership Transition (GlobeNewswire)

Key figures

Revenue, TTM	259.40
Net income, TTM	15.03
EPS diluted, TTM	0.72
EBIT, TTM	-
Free cash flow, TTM	-3.05
Gross margin	-%
Operating margin	7.73%
Net margin	5.79%
Market cap	310.94
P/E	21.37
Sales Y/Y, TTM	-12.94%

USD millions. TTM from the statement feed.

Quarterly earnings

actual against estimate

Period	Reported	EPS act	EPS est	EPS rep	Sales act	Sales est	Analysts
No quarterly earnings.

Period

Reported

EPS act

EPS est

EPS rep

Sales act

Sales est

Analysts

No quarterly earnings.

Annual earnings

Period	EPS act	EPS est	EPS rep	Sales act	Sales est
No annual earnings.

Period

EPS act

EPS est

EPS rep

Sales act

Sales est

No annual earnings.

Estimate revisions

last 14 periods

Period	Type	Date	Estimates	Up	Down	Mean	Low	High
No estimate revisions.

Period

Type

Date

Estimates

Down

Mean

Low

High

No estimate revisions.

Estimate history

Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
EPS, annual	0.71	1.388	1.186	1.841	0.389	-2.489	-0.259	0.241	-0.496	0.7165
EPS, quarterly	-0.129	0.468	0.306	-0.573	-0.079	-0.154	0.598	0.007	0.266
Period	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Sales, annual	189.14	212.37	270.779	306.357	323.974	324.437	304.02	325.204	285.05	259.4
Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Sales, quarterly	88.984	73.914	71.434	76.057	76.568	60.991	59.602	70.234	68.577
Period	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Shares, annual	22.338	22.193	22.119	21.319	21.22	21.076	20.6	20.673	20.554	20.343
Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	MRQ
Shares, quarterly	20.649	20.673	20.699	20.713	20.63	20.554	20.52	20.432	20.343
Period	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26

Income statement, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY
Total Revenue	259.40	285.05	325.20	304.02	324.44	323.97	306.36	270.78	212.37
Losses, Claims & Reserves	153.37	200.79	207.47	186.52	294.43	216.38	168.47	169.71	119.09
Selling, General and Administrative Incl. Other	85.98	96.59	104.97	96.96	99.03	96.29	85.07	67.26	54.12
Operating Income before Interest Expense	20.06	-12.33	12.77	20.55	-69.03	11.31	52.82	33.81	39.16
Interest Expense	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Unusual Expense	-	0.00	2.63	0.00	-	-	-	-	-
Net Income Before Taxes	20.06	-12.33	10.14	20.55	-69.03	11.31	52.82	33.81	39.16
Income Taxes	5.03	-1.92	3.54	0.72	-15.25	2.97	11.47	7.31	7.92
Consolidated Net Income	15.03	-10.41	6.60	19.83	-53.77	8.33	41.34	26.50	31.24
Net Income From Continuing Operations	15.03	-10.41	6.60	19.58	-53.10	8.42	40.39	26.40	31.08
Net Income	15.03	-10.41	5.09	-5.48	-53.10	8.42	40.39	26.40	31.08
EPS (Recurring)	0.72	-0.50	0.33	-0.26	-2.49	0.39	1.84	1.19	1.39
EPS (Basic, Before Extraordinaries)	0.72	-0.50	0.24	-0.26	-2.49	0.39	1.85	1.19	1.39
EPS (Diluted)	0.72	-0.50	0.24	-0.26	-2.49	0.39	1.84	1.19	1.39
Non-Operating Income (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	0.67	0.65	0.18	0.69	-0.05	1.86	1.68	1.18	0.90
Price To Earnings Ratio	21.37	21.37	190.07	-	-	49.22	8.84	14.53	11.33
Price To Sales Ratio	1.20	0.98	1.02	0.90	0.87	1.26	1.18	1.41	1.66
Operating Margin	7.73	-4.33	3.93	6.76	-21.28	3.49	17.24	12.49	18.44
Net Margin	5.79	-3.65	1.56	-1.80	-16.37	2.60	13.18	9.75	14.64
Shares Outstanding	20.34	20.55	20.67	20.60	21.08	21.22	21.32	22.12	22.19
Market Capitalization	310.94	310.94	324.18	267.28	280.29	401.52	349.85	380.03	351.72
Operating Income after Interest Expense	-	-12.33	12.77	20.55	-	11.31	52.82	33.81	39.16
Reserves Increase (Decrease)	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Income statement, quarterly

Currency USD, millions
Metric	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4
Total Revenue	68.58	70.23	59.60	60.99	76.57	76.06	71.43	73.91
Losses, Claims & Reserves	42.14	48.42	23.36	39.46	56.20	66.61	38.52	32.86
Selling, General and Administrative Incl. Other	19.43	21.59	20.54	24.43	22.23	24.77	25.16	24.59
Operating Income before Interest Expense	7.01	0.23	15.71	-2.90	-1.86	-15.32	7.75	16.47
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income after Interest Expense	7.01	0.23	15.71	-2.90	-1.86	-15.32	7.75	16.47
Unusual Expense	-	-	-	-	-	-	-	2.63
Net Income Before Taxes	7.01	0.23	15.71	-2.90	-1.86	-15.32	7.75	13.84
Income Taxes	1.48	0.08	3.20	0.26	-0.19	-3.27	1.29	3.99
Consolidated Net Income	5.53	0.15	12.51	-3.16	-1.67	-12.05	6.46	9.85
Net Income From Continuing Operations	5.53	0.15	12.51	-3.16	-1.67	-12.05	6.46	9.85
Net Income	5.53	0.15	12.51	-3.16	-1.67	-12.05	6.46	9.85
EPS (Recurring)	0.27	0.01	0.60	-0.15	-0.08	-0.57	0.31	0.56
EPS (Basic, Before Extraordinaries)	0.27	0.01	0.60	-0.15	-0.08	-0.57	0.31	0.48
EPS (Diluted)	0.27	0.01	0.60	-0.15	-0.08	-0.57	0.31	0.47
Non-Operating Income (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	0.29	0.29	0.23	-0.14	0.23	0.19	0.37	-0.22
Price To Earnings Ratio	21.37	-	-	108.66	186.01	52.73	59.34	190.07
Price To Sales Ratio	1.20	1.23	0.99	0.96	0.96	0.86	0.93	0.97
Operating Margin	10.23	0.33	26.36	-4.75	-2.43	-20.15	10.85	22.28
Net Margin	8.06	0.21	20.99	-5.17	-2.18	-15.84	9.04	13.32
Shares Outstanding	20.34	20.43	20.52	20.55	20.63	20.71	20.70	20.67
Market Capitalization	310.94	321.76	264.73	274.06	280.36	263.70	294.92	324.18

Balance sheet, annual

Currency USD, millions
Metric	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY	2017FY
Total Cash	51.72	50.93	41.04	47.00	70.62	101.08	62.13	68.95	27.59
Investments	326.96	334.16	313.39	357.72	444.35	393.29	357.79	305.42	286.29
Premium Balance Receivables - Insurance	41.58	53.65	54.75	63.82	51.45	48.62	36.69	34.29	25.63
Net Property, Plant & Equipment	6.76	7.55	7.45	11.48	9.87	9.90	7.69	6.98	5.88
Investment in Unconsolidated Affiliates	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-
Deferred Tax Assets	12.68	15.95	9.23	17.90	10.07	8.60	6.29	5.74	3.65
Other Intangible Assets	60.89	60.37	222.57	87.63	54.29	56.02	39.81	40.62	27.47
Total Assets	500.58	522.61	648.43	585.55	640.65	617.50	510.41	462.00	376.51
Insurance Policy Liabilities - Insurance	232.40	251.22	238.82	301.40	246.25	216.40	178.48	169.66	105.02
Total Debt	1.39	1.82	0.00	1.84	0.00	0.00	0.00	0.00	0.00
Long Term Debt	0.89	1.31	0.00	1.48	0.00	0.00	0.00	0.00	0.00
Provision for Risks Charges	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	6.54	8.62	9.76	8.89	15.58	17.36	10.88	6.45	6.19
Other Liabilities	19.93	16.30	159.20	20.22	31.41	34.86	11.24	10.14	9.72
Total Liabilities	260.24	277.98	398.03	332.35	293.24	268.62	200.60	186.25	120.94
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	240.34	244.63	247.64	250.98	343.20	344.33	306.30	272.49	252.40
Total Shareholders Equity	240.34	244.63	247.64	250.98	343.20	344.33	306.30	272.49	252.40
Accumulated Minority Interest	0.00	0.00	2.76	2.23	4.21	4.54	3.50	3.26	3.18
Total Equity	240.34	244.63	250.40	253.21	347.41	348.87	309.80	275.75	255.57
Total Liabilities & Stockholders Equity	500.58	522.61	648.43	585.55	640.65	617.50	510.41	462.00	376.51
Book Value Per Share	11.69	11.83	12.02	11.91	16.17	16.15	13.85	12.28	11.30
Tangible Book Value Per Share	11.69	11.83	11.89	11.09	15.34	15.30	13.72	12.07	11.18
Full-Time Employees	172	216	234	233	207	205	186	178	136
Price to Book Ratio	1.27	1.34	1.17	1.13	1.17	1.02	1.24	1.28	1.60
Return on Assets	-2.04	1.16	3.17	-8.66	1.34	7.16	5.43	7.41	4.89
Return on Equity	-4.29	2.68	7.85	-17.87	2.45	12.42	9.12	11.84	7.95
Return on Invested Capital	-4.32	2.07	-2.21	-21.03	2.45	11.73	8.62	11.41	6.34
Current Ratio	0.90	0.93	0.88	0.87	1.06	1.57	1.34	1.41	1.52

Cash flow, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY
Funds from Operations	16.66	-4.10	28.06	27.81	-46.52	-3.29	29.86	16.50	24.76
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	-19.42	-11.17	10.45	23.22	16.13	32.46	21.15	9.16	-3.81
Cash from Operating Activities	-2.77	-15.27	38.51	51.03	-30.39	29.17	51.01	25.66	20.95
Capital Expenditures	-0.28	-0.22	-0.99	-0.66	-1.16	-0.70	-0.54	-1.29	-1.55
Net Assets From Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	-0.70	0.00	0.00
Sale of Fixed Assets and Businesses	0.52	0.37	12.55	0.15	0.67	0.00	0.00	0.00	27.48
Purchase or Sale of Investments	28.24	18.49	-19.17	4.85	25.54	-48.36	1.72	-29.23	-2.55
Purchase of Investments	-44.17	-34.84	-70.39	-68.06	-78.63	-165.97	-113.87	-109.05	-87.43
Sale Or Maturity of Investments	72.42	53.33	51.22	72.91	104.17	117.61	115.59	79.82	84.87
Other Uses	0.00	0.00	0.00	-13.15	0.00	0.00	-0.28	0.00	0.00
Other Sources	0.19	0.19	3.07	0.00	0.00	0.90	0.00	0.06	0.02
Cash from Investing Activities	28.67	18.84	-4.54	-8.81	25.05	-48.15	0.20	-30.46	23.40
Cash Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	-5.42	-2.67	-0.16	-7.45	-4.95	-4.80	-12.27	-2.02	-3.00
Repurchase of Common Pref Stock	-5.42	-2.67	-0.16	-7.45	-4.95	-4.80	-12.27	-2.02	-3.00
Sale of Common Pref Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceedsfrom Stock Options	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Issuance or Reduction of Debt, Net	-0.12	-0.11	-0.10	-0.02	0.00	0.00	0.00	0.00	0.00
Change in Long Term Debt	-0.12	-0.11	-0.10	-0.02	0.00	0.00	0.00	0.00	0.00
Issuance of Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Reduction of Long Term Debt	-0.12	-0.11	-0.10	-0.02	0.00	0.00	0.00	0.00	0.00
Net Financing Active Other Cash Flow	0.00	0.00	-3.39	0.00	-13.33	-6.67	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	-10.44	-28.11	-13.33	-6.67	0.00	0.00	0.00
Cash from Financing Activities	-5.53	-2.78	-3.64	-7.47	-18.28	-11.47	-12.27	-2.02	-3.00
Exchange Rate Effect	-	0.00	-20.43	-27.57	-	-	-	-	-
Net Change in Cash	20.38	0.79	9.89	7.17	-23.62	-30.45	38.95	-6.82	41.36
Free Cash Flow	-3.05	-15.49	37.52	50.37	-31.55	28.47	50.47	24.38	19.40
Preferred Dividends (Cash Flow)	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Free Cash Flow	-	-	8.83	5.46	-	14.38	7.14	15.71	18.15

Balance sheet, quarterly

Currency USD, millions
Metric	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2
Total Cash	45.03	51.61	57.72	51.72	24.65	56.78
Investments	302.86	324.87	317.19	326.96	340.58	349.31
Net Property, Plant & Equipment	6.51	6.49	6.62	6.76	7.23	7.38
Investment in Unconsolidated Affiliates	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	8.36	6.08	5.42	12.68	6.69	7.69
Other Intangible Assets	59.47	63.86	55.00	60.89	65.54	62.01
Total Assets	493.50	530.69	482.16	500.58	520.76	568.77
Insurance Policy Liabilities - Insurance	226.58	254.74	217.28	232.40	256.79	295.14
Total Debt	0.00	1.16	1.27	1.39	1.50	1.61
Long Term Debt	0.00	0.92	0.91	0.89	1.37	1.35
Provision for Risks Charges	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	-	-	-	6.54	-	-
Other Liabilities	22.39	25.42	13.41	19.93	18.67	28.70
Total Liabilities	248.97	281.32	231.96	260.24	276.96	325.45
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	244.52	249.38	250.20	240.34	243.80	243.32
Total Shareholders Equity	244.52	249.38	250.20	240.34	243.80	243.32
Accumulated Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity	244.52	249.38	250.20	240.34	243.80	243.32
Total Liabilities & Stockholders Equity	493.50	530.69	482.16	500.58	520.76	568.77
Book Value Per Share	12.02	12.21	12.19	11.69	11.82	11.75
Tangible Book Value Per Share	12.02	12.21	12.19	11.69	11.81	11.74
Full-Time Employees	-	-	-	172	-	-
Price to Book Ratio	1.27	1.29	1.10	1.13	1.15	1.04
Return on Assets	2.96	1.42	-0.87	-2.04	0.49	0.27
Return on Equity	6.15	3.18	-1.73	-4.29	1.07	0.65
Return on Invested Capital	2.26	0.06	4.98	-1.31	-0.68	-4.93
Current Ratio	1.22	1.19	1.07	0.90	0.92	0.96

Cash flow, quarterly

Currency USD, millions
Metric	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2
Funds from Operations	8.30	-4.78	12.70	0.44	1.75	-14.42
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	-23.35	5.70	-14.57	12.80	-46.55	20.82
Cash from Operating Activities	-15.05	0.91	-1.87	13.24	-44.80	6.40
Capital Expenditures	-0.22	-0.02	-0.04	0.00	-0.04	-0.16
Net Assets From Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00
Sale of Fixed Assets and Businesses	0.13	0.02	0.03	0.34	0.01	0.02
Purchase or Sale of Investments	10.18	-5.57	8.94	14.69	13.89	-6.64
Purchase of Investments	-6.09	-29.33	-6.13	-2.61	-5.33	-16.94
Sale Or Maturity of Investments	16.27	23.76	15.08	17.30	19.22	10.30
Other Uses	0.00	0.00	0.00	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00	0.19	0.00	0.00
Cash from Investing Activities	10.09	-5.57	8.93	15.22	13.87	-6.79
Cash Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Dividends (Cash Flow)	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	-1.56	-1.45	-1.04	-1.37	-1.17	-0.01
Repurchase of Common Pref Stock	-1.56	-1.45	-1.04	-1.37	-1.17	-0.01
Sale of Common Pref Stock	0.00	0.00	0.00	0.00	0.00	0.00
Proceedsfrom Stock Options	0.00	0.00	0.00	0.00	0.00	0.00
Issuance or Reduction of Debt, Net	-0.06	0.00	-0.03	-0.03	-0.03	-0.03
Change in Long Term Debt	-0.06	0.00	-0.03	-0.03	-0.03	-0.03
Issuance of Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Reduction of Long Term Debt	-0.06	0.00	-0.03	-0.03	-0.03	-0.03
Net Financing Active Other Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	-1.62	-1.45	-1.06	-1.40	-1.20	-0.03
Exchange Rate Effect	-	-	-	0.00	0.00	0.00
Net Change in Cash	-6.58	-6.11	6.00	27.06	-32.13	-0.42
Free Cash Flow	-15.27	0.89	-1.91	13.24	-44.84	6.24
Price to Free Cash Flow	-	-	-	-	-	13.75

Revenue breakdown

Fire, Marine & Casualty Insurance	2024: 325.20M 2025: 285.05M
United States	2024: 325.20M 2025: 285.05M

Short interest

shares short against float, oldest to newest

Settlement	Of float	Shares short	Float	Avg volume
2026-10-30	1.15%	0.1M	7.5M	24.81K
2026-10-15	1.32%	0.1M	7.5M	26.11K
2026-09-30	1.26%	0.1M	7.5M	25.23K
2026-09-15	1.19%	0.1M	7.5M	27.18K
2026-08-31	1.01%	0.1M	7.5M	24.90K
2026-08-14	1.01%	0.1M	7.5M	25.05K
2026-07-31	0.93%	0.1M	7.6M	24.45K
2026-07-15	0.84%	0.1M	7.6M	22.22K
2026-06-30	0.88%	0.1M	7.6M	21.90K
2026-06-15	0.68%	0.1M	7.6M	18.60K
2026-05-29	0.73%	0.1M	7.6M	18.63K
2026-05-15	0.61%	0.0M	7.6M	18.56K
2026-04-30	0.74%	0.0M	6.7M	16.99K
2026-04-15	0.77%	0.1M	6.7M	17.32K
2026-03-31	0.90%	0.1M	6.5M	16.11K
2026-03-13	0.88%	0.1M	6.5M	13.60K
2026-02-27	0.47%	0.0M	6.5M	12.65K
2026-02-13	0.52%	0.0M	6.5M	11.81K
2026-01-30	0.48%	0.0M	6.5M	12.03K
2026-01-15	0.56%	0.0M	6.5M	11.64K

Option chain

expiry 2026-11-11

Type	Strike	Bid	Ask	Last	IV	Open int	Volume	Delta	Theta	Vega
No option chain for this symbol.

Type

Strike

Bid

Ask

Last

Open int

Volume

Delta

Theta

Vega

No option chain for this symbol.

Latest SEC filings

Filed	Form	Description	Period	Link
2026-11-06	8-K	Current report	2026-11-06	SEC
2026-11-06	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-09-30	SEC
2026-08-07	8-K	Current report	2026-08-07	SEC
2026-08-07	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-06-30	SEC
2026-05-26	8-K	Current report	2026-05-19	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-21	4	Statement of changes in beneficial ownership of securities	2026-05-20	SEC
2026-05-20	3	Initial statement of beneficial ownership of securities	2026-05-19	SEC
2026-05-20	3	Initial statement of beneficial ownership of securities	2026-05-19	SEC
2026-05-08	8-K	Current report	2026-05-08	SEC
2026-05-08	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-03-31	SEC
2026-04-23	SCHEDULE 13G/A			SEC
2026-04-08	ARS	Annual report to security holders.	2025-12-31	SEC
2026-04-08	DEFA14A	Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934		SEC
2026-04-08	DEF 14A	Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934	2026-05-19	SEC
2026-03-06	8-K	Current report	2026-03-06	SEC
2026-03-06	10-K	Annual report pursuant to Section 13 or 15(d)	2025-12-31	SEC
2026-03-03	4	Statement of changes in beneficial ownership of securities	2026-02-28	SEC
2026-03-03	4	Statement of changes in beneficial ownership of securities	2026-03-02	SEC
2026-03-03	4	Statement of changes in beneficial ownership of securities	2026-02-28	SEC
2026-03-03	4	Statement of changes in beneficial ownership of securities	2026-03-02	SEC
2026-02-23	8-K	Current report	2026-02-17	SEC
2026-02-05	4	Statement of changes in beneficial ownership of securities	2026-02-03	SEC
2026-01-14	4	Statement of changes in beneficial ownership of securities	2025-12-01	SEC
2026-01-14	4	Statement of changes in beneficial ownership of securities	2026-01-02	SEC

Insider activity by month

Month	Bought	Buys	Sold	Sells
2026-11	0	0	0	0
2026-10	0	0	0	0
2026-09	0	0	0	0
2026-08	0	0	0	0
2026-07	0	0	0	0
2026-06	0	0	0	0
2026-05	0	0	0	0
2026-04	0	0	0	0
2026-03	0	0	0	0
2026-02	0	0	0	0
2026-01	0	0	0	0
2025-12	0	0	0	0
2025-11	0	0	0	0

Institutional holders

Manager	% owned
M3F, Inc.	7.86%
Newtyn Management, LLC	3.27%
BlackRock, Inc.	2.67%
DIMENSIONAL FUND ADVISORS LP	1.83%
VANGUARD CAPITAL MANAGEMENT LLC	1.41%
Arbiter Partners Capital Management LLC	0.92%
MORGAN STANLEY	0.89%
GEODE CAPITAL MANAGEMENT, LLC	0.83%
STATE STREET CORP	0.66%
Minerva Advisors LLC	0.63%

Funds

Fund	% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND	0.92%
iShares Russell 2000 ETF	0.90%
VANGUARD EXTENDED MARKET INDEX FUND	0.45%
iShares Russell 2000 Value ETF	0.40%
U.S. Targeted Value Portfolio	0.34%
Fidelity Small Cap Index Fund	0.33%
U.S. MICRO CAP PORTFOLIO	0.23%
VANGUARD RUSSELL 2000 INDEX FUND	0.19%
Dimensional U.S. Small Cap ETF	0.19%
Fidelity Extended Market Index Fund	0.18%

OakChart. NODK. Cached 15 minutes.

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