NI Holdings, Inc.
NODKFinancial ServicesNASDAQInsurance - Property & Casualty
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Daily timeframeNI Holdings, Inc., together with its subsidiaries, underwrites property and casualty insurance products in the United States. The $325.2M market capitalization puts NODK squarely in small-cap range for its industry. Its products include private passenger auto, homeowners, farm owners, commercial multi-peril, crop hail, excess liability, dwelling, and federal multi-peril crop insurance policies, as well as non-standard automobile insurance policies.
Market Cap
$325.2M
Beta
0.35
P/E (TTM)
—
P/E (Fwd)
—
EPS (TTM)
$-0.21
EPS (Fwd)
—
ROE
-1.7%
ROA
-0.5%
Cash
$57.7M
Total Debt
$1.3M
Free CF
$27.9M
52W Change
19.7%
Annual Financials
Cash vs Debt
With $57.7M in cash and $1.3M in debt, NODK maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $27.9M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at -1.7%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been relatively flat, moving from $267.8M (2022) to $285.1M (2025).
With a beta below 0.7, NI Holdings, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. No single metric tells the full story. Reviewing NODK's risk profile alongside its fundamentals and technical indicators provides a more complete picture.