← NI Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $4.6m |
$16.0m
+251.37%
|
$31.1m
+94.37%
|
$26.4m
-15.06%
|
$40.4m
+52.98%
|
$8.4m
-79.16%
|
($53.1m)
-730.89%
|
($5.5m)
+89.69%
|
($6.1m)
-10.66%
|
($10.4m)
-71.83%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $4.6m | $15.6m | $31.2m | $26.5m | $41.3m | $8.3m | ($53.8m) | ($5.2m) | $6.6m | ($10.4m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $87k | ($379k) | $163k | $99k | $955k | ($84k) | ($679k) | $250k | — | — | — | |
| Depreciation, Depletion and Amortization | $441k | $500k | $492k | $538k | $709k | $694k | $708k | $826k | $681k | $694k | $740k | |
| Amortization of Deferred Charges | — | — | — | — | — | — | $66.8m | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | $1.6m | — | — | — | — | |
| Amortization of Intangible Assets | $57k | — | — | — | $5.2m | $472k | $472k | $455k | — | $100k | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $20.4m | $27.8m | $31.9m | $46.2m | $51.5m | $64.6m | $66.8m | $83.0m | $71.3m | $60.0m | — | |
| Deferred Income Tax Expense (Benefit) | ($85k) | ($2.1m) | ($692k) | $1.9m | $638k | ($1.3m) | ($4.0m) | ($1.9m) | $1.9m | ($1.4m) | $635k | |
| Share-based Payment Arrangement, Noncash Expense | — | $423k | $1.2m | $1.6m | $2.3m | $2.4m | ($40k) | $1.4m | $238k | $828k | $1.1m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $6.8m | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $6.8m | $2.6m | — | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $118.5m | $122.7m | $119.1m | $169.7m | $168.5m | $216.4m | $294.4m | $244.4m | $231.0m | $200.8m | — | |
| Increase (Decrease) in Other Operating Assets | $902k | ($506k) | $1.5m | $109k | ($186k) | $3.7m | ($9k) | $600k | $231k | $1.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $7.3m |
$18.4m
+152.16%
|
$21.0m
+13.73%
|
$25.7m
+22.48%
|
$51.0m
+98.75%
|
$29.2m
-42.82%
|
($30.4m)
-204.18%
|
$26.0m
+185.46%
|
$38.5m
+48.27%
|
($15.3m)
-139.66%
|
($32.5m)
-112.91%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $548k | $1.3m | $1.6m | $1.3m | $543k | $696k | $1.2m | $974k | $991k | $217k | ($96k) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $11k | ($37k) | ($6k) | ($31k) | $186k | $55k | $64k | $64k | ($2.6m) | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | $12.1m | $551k | $1.3m | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | $15.5m | ($13.1m) | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $6.6m | $6.4m | $1.7m | $390k | ($2.5m) | |
| Gain (Loss) on Investments | — | — | — | — | $7.8m | $17.8m | $1.9m | $2.1m | $2.3m | $1.7m | ($2.5m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $703k | — | — | — | — | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($74k) | ($83k) | ($18k) | ($63k) | $275k | ($901k) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($3.5m) | ($91.9m) | $23.4m | ($30.5m) | $200k | ($48.2m) | $25.0m | ($8.8m) | ($4.5m) | $18.8m | $32.4m | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | ($2.3m) | ($15.1m) | ($9.9m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $4.2m | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $93.1m | — | — | — | — | — | — | — | — | — | |
| Dividends paid | — | — | — | — | — | — | — | — | $8.3m | $6.7m | — | |
| Net Cash Provided by (Used in) Financing Activities | — | $82.7m |
($3.0m)
-103.62%
|
($2.0m)
+32.41%
|
($12.3m)
-505.68%
|
($11.5m)
+6.47%
|
($18.3m)
-59.37%
|
($7.5m)
+59.16%
|
($3.6m)
+51.21%
|
($2.8m)
+23.63%
|
($5.1m)
-83.54%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($6.8m) | $38.9m | — | ($23.6m) | $9.7m | ($20.4m) | — | $51.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $70.6m | $47.0m | $56.7m | $50.9m | $51.7m | $51.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $3.8m | — | $10.3m | $4.0m | $11.6m | $5.4m | $2.4m | ($11.1m) | $2.9m | $3.9m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | ($15.1m) | ($25.1m) | $6.3m | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | ($17.5m) | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $11.5m | $5.9m | — | — | — | — | — | — | |
| Goodwill | $2.6m | $2.6m | $4.6m | $2.9m | $9.4m | $9.4m | $9.4m | $2.6m | — | — | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($15.1m) | ($25.1m) | $6.6m | ($10.4m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($15.1m) | ($25.1m) | ($6.1m) | ($10.4m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($15.1m) | ($25.1m) | ($1.5m) | — | — | |
| Income Tax Expense (Benefit) | $1.5m | $6.4m | $7.3m | $7.3m | $11.5m | $3.0m | ($15.3m) | $963k | $3.5m | ($1.9m) | — | |
| Operating Expenses | $158.2m | $167.1m | $173.8m | $237.0m | $253.5m | $312.7m | $393.5m | $370.0m | $315.1m | $297.4m | — | |
| Realized Investment Gains (Losses) | $5.7m | $3.0m | $4.0m | $14.8m | $13.6m | $15.5m | ($13.1m) | $2.1m | $2.2m | $1.7m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $6.5m | $2.1m | $1.8m | $1.8m | $1.5m | — | — | — | — |