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NI Holdings, Inc. balance sheet

At the end of fiscal 2025, NI Holdings, Inc. had total assets of $506m, total liabilities of $266m and shareholders' equity of $240m. It held $51.7m in cash against $2.4m of debt: net cash of $49.3m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents221518286962101714741515252
Goodwill—333539993———
Total assets—259279377458508618652614655527506543
Long-term debt—————————2222
Total debt333—000002222
Total liabilities—109125121183198269304361404282266294
Shareholders' equity136150153256276310349347253250245240249
Net debt (negative = net cash)−19−12−15−28−69−62−101−71−47−39−49−49−49
Shares outstanding———22m22m22m21m21m21m21m21m21m20m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from NI Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NI Holdings, Inc.