NI Holdings, Inc. (NODK) financial statements (2021 and earlier)

Company profile

Business Address 1101 FIRST AVENUE NORTH
FARGO, ND 58102
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments63692819
Cash and cash equivalents62692818
Short-term investments1111
Total current assets:63692819
Noncurrent Assets
Property, plant and equipment8765
Intangible assets, net (including goodwill)3533
Goodwill3533
Intangible assets, net (excluding goodwill)   (0)
Total noncurrent assets:111297
Other undisclosed assets435377340252
TOTAL ASSETS:508458377279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities201 
Taxes payable201 
Debt  33
Total current liabilities:2043
Noncurrent Liabilities
Liabilities, other than long-term debt4133
Deferred tax liabilities, net133
Deferred income tax liabilities4
Total noncurrent liabilities:4133
Other undisclosed liabilities193182115119
Total liabilities:198183121125
Stockholders' equity
Stockholders' equity attributable to parent, including:310276256153
Common stock000 
Treasury stock, value(12)(11)(8) 
Additional paid in capital969493 
Accumulated other comprehensive income661610
Retained earnings218184153140
Unearned esop shares(2)(2)(2) 
Other undisclosed stockholders' equity attributable to parent3334
Total stockholders' equity:310276256153
TOTAL LIABILITIES AND EQUITY:508458377279

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues271212189164
Premiums earned, net246196
Financial services revenue181154
Cost of revenue(216)(151)(150)(20)
Policyholder benefits and claims incurred, net(170)(119)
Deferred policy acquisition costs, amortization expense(46)(32)(28)(20)
Financial services costs(123) 
Other undisclosed gross profit221518 
Gross profit:777757144
Operating expenses(237)(174)(167)(158)
Operating loss:(160)(97)(110)(14)
Nonoperating income
(Investment Income, Nonoperating)
768 
Other undisclosed income from continuing operations before equity method investments, income taxes162113115 
Income (loss) from continuing operations before equity method investments, income taxes:92212(14)
Other undisclosed income from continuing operations before income taxes24171020
Income from continuing operations before income taxes:3439226
Income tax expense(7)(7)(6)(1)
Net income:2731165
Net income (loss) attributable to noncontrolling interest(0)(0)0(0)
Net income available to common stockholders, diluted:2631165

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:2731165
Other comprehensive income (loss)8(10)3(1)
Comprehensive income:3422194
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent00(0)0
Comprehensive income, net of tax, attributable to parent:3422194

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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