NI NODK

Insurance - Property & Casualty, Financial Services

$14.90

−0.13%

Market cap: $304M
PE: 39.2×; 9y median 15.3×
Forward PE: n/m; not a meaningful number
Price to sales: 1.1×
Revenue, 12 months: $267.4M; −14% on a year ago
Net margin: 2.9%

NI trades at 39.2× trailing earnings, pricier than 77% of the last ten years. Revenue was $267.4M over the last twelve months, down 14% on a year earlier with a 3% net margin.

Charts

Financials

Income statement for NODK, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$78M−13%	$94.4M+1%	$74.5M−9%	$87.8M+8%	$89M+14%	$73.9M−22%	$71.4M−4%	$76.1M−13%	$76.6M−14%	$61M−18%	$59.6M−17%	$70.2M−8%
Pre-tax income	$1M	$11.5M+1652%	$8.8M	−$9.1M+178%	−$3.5M	$13.8M+20%	$7.7M−12%	−$15.3M+69%	−$1.9M−46%	−$2.9M	$15.7M+103%	$230K
	$214K	$705K	$1.9M	−$1.6M+132%	−$751K	$4M+466%	$1.3M−32%	−$3.3M+106%	−$192K−74%	$260K−94%	$3.2M+148%	$84K
Net income	$231K	$6.6M+644%	$6.4M	−$19.6M+142%	−$2.7M	$9.8M+49%	$6.5M+1%	−$12.1M−39%	−$1.7M−38%	−$3.2M	$12.5M+94%	$146K
	$0.01	$0.32+700%	$0.30	−$0.94+147%	−$0.13	$0.47+47%	$0.31+3%	−$0.57−39%	−$0.08−39%	−$0.15	$0.60+94%	$0.01
	21.2M−1%	21M−1%	21M−2%	21M−2%	21M−1%	21.1M+1%	21.1M+0%	21M+0%	21M+0%	20.9M−1%	20.9M−1%	20.9M−1%

EPS, diluted: 9 periods, Q1 FY17 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY17 and Q4 FY24: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 6 periods, Q4 FY18 to Q4 FY23: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Insurance - Property & Casualty nearest NI's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
NODKNI	$304M	39.2×	15.3×	1.1×	−14%	2.9%
KINSKingstone Companies	$290.1M	8.1×	13.7×	1.2×	+28%	14.8%
GBLIGlobal Indemnity Group, LLC	$372.1M	10.3×	14.6×	0.8×	+4%	7.5%
AMSFAmerisafe	$487.7M	10.6×	15.7×	1.5×	+10%	14.0%
GLREGreenlight Capital RE	$492.9M	10.3×	10.5×	0.8×	−3%	7.8%
JRVRJames River	$183.6M	26.5×	21.2×	0.3×	−2%	4.7%
ACICAMERICAN COASTAL INSURANCE	$537M	5.5×	8.0×	1.6×	+3%	30.3%
AIIAmerican Integrity Insurance	$564.9M	6.4×	4.7×	1.7×	+29%	26.2%
DGICADonegal	$698.6M	9.8×	12.7×	0.7×	−3%	7.4%
ROOTRoot	$819.3M	15.0×	19.3×	0.5×	+15%	3.9%
EIGEmployers	$935.4M	76.6×	11.2×	1.1×	−6%	0.9%
Peer median	$514.9M	10.3×	13.2×	1.0×	+4%	7.7%