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NI Holdings, Inc. revenue

NI Holdings, Inc.'s revenue was $285m in fiscal 2025, down 12.3% on the year before. Since fiscal 2014 ($138m) it has grown at a compound 6.8% a year. Over the last twelve months it was $267m.

Revenue history

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
Revenue138146164189212271306324268304325285267
Growth on the year before—+5.8%+12.4%+15.5%+12.3%+27.5%+13.1%+5.8%−17.3%+13.5%+7.0%−12.3%—
Gross profit—563457777711583301061037083
Gross margin—38.2%20.9%30.0%36.1%28.3%37.6%25.7%11.2%34.7%31.6%24.5%31.0%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Property & Casualty Insurance: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
NI Holdings, Inc. $267m -13.9% -2.5%
Investors Title Co $293m 8.7% 5.0%
Kingstone Companies, Inc. $238m 28.0% 17.6%
Octave Specialty Group Inc $321m 26.8% —
American Coastal Insurance Corp $331m 3.3% 25.5%
Amerisafe Inc $333m 7.7% 2.9%

Compare with peers

Head to head: ITIC vs NODKKINS vs NODKNODK vs OSG

More: Property & Casualty Insurance stocks compared, Financials sector, rankings of US companies

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.