← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $164.3m |
$189.1m
+15.08%
|
$212.4m
+12.28%
|
$270.8m
+27.50%
|
$306.4m
+13.14%
|
$324.0m
+5.75%
|
$324.4m
+0.14%
|
$365.7m
+12.72%
|
$325.2m
-11.07%
|
$285.1m
-12.35%
|
$267.4m
-6.19%
|
|
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $6.5m | $2.1m | $1.8m | $1.8m | $1.5m | — | — | — | — | |
| Cost of Revenue | $129.5m |
$132.4m
+2.23%
|
$135.7m
+2.53%
|
$194.1m
+42.96%
|
$191.2m
-1.49%
|
$240.8m
+25.94%
|
$290.6m
+20.69%
|
$259.0m
-10.88%
|
$222.6m
-14.06%
|
$215.2m
-3.31%
|
— | |
| Gross Profit | $34.9m |
$56.8m
+62.85%
|
$76.6m
+35.03%
|
$76.7m
+0.13%
|
$115.2m
+50.13%
|
$83.2m
-27.76%
|
$33.9m
-59.31%
|
$106.7m
+215.21%
|
$102.6m
-3.82%
|
$69.9m
-31.93%
|
— | |
| Amortization of Intangible Assets | $57k | — | — | — | $5.2m | $472k | $472k | $455k | — | $100k | — | |
| Operating Expenses | $158.2m | $167.1m | $173.8m | $237.0m | $253.5m | $312.7m | $393.5m | $370.0m | $315.1m | $297.4m | $256.2m | |
| Net Investment Income | $6.1m | $7.1m | $8.4m | $9.8m | $10.5m | $10.3m | $11.3m | $10.5m | $12.4m | $11.7m | $13.6m | |
| Investment Income, Net | $4.2m | $5.0m | $6.2m | $7.4m | $7.3m | $7.1m | $7.8m | $10.5m | $10.9m | $11.7m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | ($2.3m) | ($15.1m) | ($9.9m) | — | — | — | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | $12.1m | $551k | $1.3m | — | |
| Gain (Loss) on Investments | — | — | — | — | $7.8m | $17.8m | $1.9m | $2.1m | $2.3m | $1.7m | — | |
| Other Income | $36k | — | — | — | — | — | — | $2.0m | $1.9m | $997k | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $6.1m | $22.0m | $38.6m | $33.8m | $52.8m | $11.3m | ($69.0m) | ($4.3m) | $10.1m | ($12.3m) | $11.2m | |
| Current Income Tax Expense (Benefit) | $1.6m | $8.5m | $8.0m | $7.3m | $11.5m | $3.0m | $15.3m | $963k | $3.5m | ($551k) | $3.4m | |
| Income Tax Expense (Benefit) | $1.5m | $6.4m | $7.3m | $7.3m | $11.5m | $3.0m | ($15.3m) | $963k | $3.5m | ($1.9m) | $3.4m | |
| 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%
|
$7.8m
+175.21%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $87k | ($379k) | $163k | $99k | $955k | ($84k) | ($679k) | $250k | — | — | $7.8m | |
| Earnings Per Share, Basic | — | $0.71 | $1.39 | $1.19 | $1.86 | $0.39 | ($2.49) | ($0.26) | ($0.29) | ($0.50) | $0.38 | |
| Earnings Per Share, Diluted | — | $0.71 | $1.39 | $1.19 | $1.84 | $0.39 | ($2.49) | ($0.26) | ($0.29) | ($0.50) | $0.38 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $4.6m | $15.6m | $31.2m | $26.5m | $41.3m | $8.3m | ($53.8m) | ($5.2m) | $0 | ($0) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $4.6m | $15.6m | $31.2m | $26.5m | $41.3m | $8.3m | ($53.8m) | ($5.2m) | $0 | ($0) | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | 22.5m | 22.4m | 22.2m | 21.8m | 21.4m | 21.3m | 21.2m | 21.0m | 21.0m | 20.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 22.5m | 22.4m | 22.3m | 21.9m | 21.7m | 21.3m | 21.2m | 21.1m | 21.0m | 20.9m | |
| Expenses | ||||||||||||
| Additional Financial Items | ||||||||||||
| 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 | — | |
| Realized Investment Gains (Losses) | $5.7m | $3.0m | $4.0m | $14.8m | $13.6m | $15.5m | ($13.1m) | $2.1m | $2.2m | $1.7m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $6.8m | $2.6m | — | $0 | |
| 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 | — | |
| Policyholder Benefits and Claims Incurred, Net | $118.5m | $122.7m | $119.1m | $169.7m | $168.5m | $216.4m | $294.4m | $244.4m | $207.5m | $200.8m | — | |
| Premiums Earned, Net | $152.8m | $179.5m | $195.7m | $246.4m | $283.7m | $299.6m | $328.3m | $351.1m | $310.1m | $270.7m | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | $15.1m | $25.1m | $6.3m | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $4.6m | $15.6m | $31.2m | $26.5m | $41.3m | $8.3m | $53.8m | $5.2m | $6.6m | ($10.4m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.6m | $15.6m | $31.2m | $26.5m | $41.3m | $8.3m | $53.8m | $5.2m | ($6.1m) | ($10.4m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $87k | $379k | $163k | $99k | $955k | $84k | $679k | $250k | ($1.5m) | — | — |