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NI (NODK)

Market Price (6/22/2026): $15.85 | Market Cap: $330.9 MilSector: Financials | Industry: Property & Casualty Insurance

NI (NODK)

Market Price (6/22/2026): $15.85
Market Cap: $330.9 Mil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -57%

Low stock price volatility
Vol 12M is 24%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Digital Health & Telemedicine. Themes include Edge AI, Wearable Health Devices, Show more.

Trading close to highs
Dist 52W High is 0.0%

Weak multi-year price returns
2Y Excs Rtn is -34%, 3Y Excs Rtn is -64%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6%, Rev Chg QQuarterly Revenue Change % is -17%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10.0%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%

Key risks
NODK key risks include [1] unfavorable prior year loss reserve development in its Non-Standard Auto business, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -57%
1 Low stock price volatility
Vol 12M is 24%
2 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Digital Health & Telemedicine. Themes include Edge AI, Wearable Health Devices, Show more.
3 Trading close to highs
Dist 52W High is 0.0%
4 Weak multi-year price returns
2Y Excs Rtn is -34%, 3Y Excs Rtn is -64%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6%, Rev Chg QQuarterly Revenue Change % is -17%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10.0%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%
8 Key risks
NODK key risks include [1] unfavorable prior year loss reserve development in its Non-Standard Auto business, Show more.

NODK in ETFs

Weight = NODK's share of each fund

VTI0.00%
IWM0.00%
IWN0.01%
DFAS0.00%
VTWO0.00%
DFAC0.00%

Valuation & Metrics

null
NODKS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)0.3
Rev Chg Q-16.6%8.8%
Rev Chg LTM-15.2%7.5%
Rev Chg 3Y Avg-0.6%5.9%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)-0.0
Net Inc LTM ($ Bil)-0.0
CFO/Rev LTM-9.9%21.4%
Net Inc Mgn-1.6%13.0%
VALUATIONLOW
P/S1.23.2
P/CFO-12.214.9
P/FCF-12.119.1
P/E-75.824.2

AI Analysis | Feedback

MetricValueDateSource
Number of Customersapproximately 35,00012312022Link
Number of Employees700012312022Link
Market Share in Other Vertical Tech9.02%11082025Link
Number of Countries with Sales and Support Officesapproximately 402212023Link
Number of PatentsHundreds of patents covering various technologies9052023Link

Price Chart

Upcoming
8/07/2026Earnings ReleaseRev: -
EPS: -

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/12/2026

NI (NODK) stock has gained about 20% since 2/28/2026 because of the following key factors:

1. Improved Fiscal Q1 2026 Earnings Per Share: NI Holdings (NODK) reported strong financial results for fiscal Q1 2026, which ended March 31, 2026, announcing basic earnings per share (EPS) of $0.60. This represented a substantial increase from $0.31 EPS in the prior year's fiscal Q1 2025, signaling a significant turnaround in profitability.

2. Enhanced Underwriting Performance and Combined Ratio: The company achieved a significantly improved combined ratio of 79.7% in fiscal Q1 2026. This reflects robust underwriting performance across its core segments, including Home and Farm, Private Passenger Auto, and All Other, which drove meaningful underwriting profitability for the quarter.

Show more
Updated on 6/12/2026

NI (NODK) stock has gained about 20% since 2/28/2026 because of the following key factors:

1. Improved Fiscal Q1 2026 Earnings Per Share: NI Holdings (NODK) reported strong financial results for fiscal Q1 2026, which ended March 31, 2026, announcing basic earnings per share (EPS) of $0.60. This represented a substantial increase from $0.31 EPS in the prior year's fiscal Q1 2025, signaling a significant turnaround in profitability.

2. Enhanced Underwriting Performance and Combined Ratio: The company achieved a significantly improved combined ratio of 79.7% in fiscal Q1 2026. This reflects robust underwriting performance across its core segments, including Home and Farm, Private Passenger Auto, and All Other, which drove meaningful underwriting profitability for the quarter.

3. Strategic Divestiture of Unprofitable Non-Standard Auto Business: Management's strategic decision to exit the non-standard auto business in specific unprofitable states, such as Illinois, Arizona, and South Dakota, continued to positively impact financial results. This strategic shift, initially announced in conjunction with fiscal Q4 2025 results on March 6, 2026, contributed to the improved underwriting performance and overall profitability observed in fiscal Q1 2026, despite a decrease in gross premiums written from this segment.

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Stock Movement Drivers

Fundamental Drivers

The 19.8% change in NODK stock from 2/28/2026 to 6/21/2026 was primarily driven by a 29.9% change in the company's P/S Multiple.
(LTM values as of)22820266212026Change
Stock Price ($)13.2815.9119.8%
Change Contribution By: 
Total Revenues ($ Mil)298273-8.3%
P/S Multiple0.91.229.9%
Shares Outstanding (Mil)21210.6%
Cumulative Contribution19.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/21/2026
ReturnCorrelation
NODK19.8% 
Market (SPY)9.2%8.4%
Sector (XLF)4.7%33.1%

Fundamental Drivers

The 17.2% change in NODK stock from 11/30/2025 to 6/21/2026 was primarily driven by a 27.0% change in the company's P/S Multiple.
(LTM values as of)113020256212026Change
Stock Price ($)13.5815.9117.2%
Change Contribution By: 
Total Revenues ($ Mil)298273-8.3%
P/S Multiple1.01.227.0%
Shares Outstanding (Mil)21210.6%
Cumulative Contribution17.2%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/21/2026
ReturnCorrelation
NODK17.2% 
Market (SPY)9.9%5.6%
Sector (XLF)1.3%23.5%

Fundamental Drivers

The 19.8% change in NODK stock from 5/31/2025 to 6/21/2026 was primarily driven by a 40.3% change in the company's P/S Multiple.
(LTM values as of)53120256212026Change
Stock Price ($)13.2815.9119.8%
Change Contribution By: 
Total Revenues ($ Mil)322273-15.2%
P/S Multiple0.91.240.3%
Shares Outstanding (Mil)21210.7%
Cumulative Contribution19.8%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/21/2026
ReturnCorrelation
NODK19.8% 
Market (SPY)28.1%17.4%
Sector (XLF)6.7%28.6%

Fundamental Drivers

The 16.1% change in NODK stock from 5/31/2023 to 6/21/2026 was primarily driven by a 17.6% change in the company's P/S Multiple.
(LTM values as of)53120236212026Change
Stock Price ($)13.7015.9116.1%
Change Contribution By: 
Total Revenues ($ Mil)283273-3.5%
P/S Multiple1.01.217.6%
Shares Outstanding (Mil)21212.4%
Cumulative Contribution16.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/21/2026
ReturnCorrelation
NODK16.1% 
Market (SPY)85.7%28.3%
Sector (XLF)77.0%34.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NODK Return15%-30%-2%21%-15%18%-4%
Peers Return34%-21%7%4%20%46%106%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
NODK Win Rate58%33%50%67%42%50% 
Peers Win Rate69%44%54%54%60%58% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
NODK Max Drawdown-14%-34%-19%-17%-22%-9% 
Peers Max Drawdown-17%-38%-30%-26%-36%-20% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYS, A, TER, FTV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventNODKS&P 500
2025 US Tariff Shock
  % Loss-17.6%-18.8%
  % Gain to Breakeven21.4%23.1%
  Time to Breakeven357 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.0%-9.5%
  % Gain to Breakeven14.9%10.5%
  Time to Breakeven127 days24 days
2023 SVB Regional Banking Crisis
  % Loss-12.0%-6.7%
  % Gain to Breakeven13.6%7.1%
  Time to Breakeven35 days31 days
2020 COVID-19 Crash
  % Loss-30.7%-33.7%
  % Gain to Breakeven44.2%50.9%
  Time to Breakeven70 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.3%-19.2%
  % Gain to Breakeven12.7%23.8%
  Time to Breakeven140 days105 days

Compare to KEYS, A, TER, FTV

In The Past

NI's stock fell -17.6% during the 2025 US Tariff Shock. Such a loss loss requires a 21.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNODKS&P 500
2020 COVID-19 Crash
  % Loss-30.7%-33.7%
  % Gain to Breakeven44.2%50.9%
  Time to Breakeven70 days140 days

Compare to KEYS, A, TER, FTV

In The Past

NI's stock fell -17.6% during the 2025 US Tariff Shock. Such a loss loss requires a 21.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About NI (NODK)

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NI Holdings, Inc. (NODK) is a U.S.-based insurance company that underwrites a comprehensive range of property and casualty insurance products. Established in 1946 and headquartered in Fargo, North Dakota, the company plays a vital role in providing financial protection to individuals and agricultural operations against various risks, including property damage, liability, and agricultural losses.

The company's core offerings include a diverse portfolio of insurance policies. For personal lines, NODK provides private passenger auto, non-standard automobile, homeowners, and general liability insurance. Catering to the agricultural sector, it offers specialized farm owners, crop hail, and multi-peril crop insurance, designed to protect farmers from weather-related and other crop yield uncertainties.

NI Holdings primarily serves individual consumers seeking coverage for their personal assets like homes and vehicles, as well as farmers in need of specific insurance products for their agricultural businesses across the United States. As a subsidiary of Nodak Mutual Group, Inc., NODK leverages its deep roots and expertise to deliver these essential risk management solutions to its customer base.

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AI Analysis | Feedback

1. A regional State Farm or Allstate.

2. Like Travelers or Liberty Mutual, but with a stronger focus on agricultural and rural insurance.

3. A Property and Casualty insurer similar to Farmers Insurance, but with a more pronounced specialty in crop and farm policies.

AI Analysis | Feedback

  • Private Passenger Auto Insurance: Provides coverage for personal vehicles against risks such as collision, theft, and liability.
  • Non-Standard Automobile Insurance: Offers insurance coverage for drivers or vehicles that may not qualify for standard auto insurance due to various risk factors.
  • Homeowners Insurance: Protects homeowners against damage to their property and liability for accidents occurring on their property.
  • Farm Owners Insurance: Combines property and liability coverage specifically designed for farms and their operations.
  • Crop Hail Insurance: Covers agricultural crops against losses caused by hail, ensuring farmers are protected from specific weather-related damages.
  • Multi-Peril Crop Insurance: Provides comprehensive coverage for various perils that can affect crop yields, including adverse weather, disease, and insect infestation.
  • Liability Insurance: Offers financial protection against claims resulting from injuries or damages to other people or their property for which the insured is legally responsible.

AI Analysis | Feedback

NI Holdings, Inc. (NODK) primarily sells its property and casualty insurance products directly to individuals and businesses, rather than having a few major corporate customers. Based on its product offerings, the company serves the following categories of customers:

  • Individual Policyholders: This category includes individuals seeking personal lines of insurance such as private passenger auto, non-standard automobile, and homeowners' insurance for their personal assets.
  • Agricultural Policyholders/Farmers: This category encompasses farmers and agricultural businesses that require specialized insurance products like farm owners, crop hail, and multi-peril crop insurance to protect their farming operations and harvests.
  • Small Business/General Liability Policyholders: This category includes individuals and small businesses seeking general liability insurance policies to protect against various risks and potential lawsuits.

AI Analysis | Feedback

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AI Analysis | Feedback

Cindy Launer President and Chief Executive Officer Ms. Launer was appointed President and Chief Executive Officer of NI Holdings, Inc. in October 2025. She previously served as Interim CEO in the fall of 2024 and has been an independent non-executive director on the company's board since November 2019. Ms. Launer brings 18 years of experience in the insurance industry, including her role as Chief Operating Officer of AIG's Commercial Insurance Business until her retirement in 2018. Before joining AIG, she held various audit, finance, investor relations, and Chief of Staff roles at MetLife and Deloitte & Touche LLP. Matthew Maki Executive Vice President, Chief Financial Officer and Treasurer Mr. Maki was appointed full-time Chief Financial Officer, effective March 1, 2025, after serving as Interim CFO since December 1, 2024. He joined NI Holdings in August 2020 as Vice President of Financial Planning and Analysis. Prior to his tenure at NI Holdings, he was Vice President of Accounting and Treasurer at RAM Mutual Insurance Company from August 2019 to August 2020. He also held various finance and treasury roles at Travelers Companies, Inc. Mr. Maki began his career as an auditor at Ernst & Young and is a Certified Public Accountant. Kelly Dawson Senior Vice President and Chief Human Resources Officer Ms. Dawson manages all human resources functions for NI Holdings, Inc. She brings over 20 years of experience in leadership roles from various companies. Doug Duncan Senior Vice President and Chief Information Officer Mr. Duncan serves as Senior Vice President and Chief Information Officer. Kevin Elfstrand Senior Vice President and Chief Accounting Officer Mr. Elfstrand has been promoted to Senior Vice President and Chief Accounting Officer, overseeing the Accounting department and external financial reporting. He has over 20 years of experience in the property and casualty insurance industry, including 17 years at Travelers Companies, Inc., where he most recently served as Assistant Vice President of Corporate Audit. Mr. Elfstrand began his career at Deloitte and is a Certified Public Accountant.

AI Analysis | Feedback

Key Risks to NI Holdings, Inc. (NODK)

  1. Underwriting Losses and Profitability Pressure: NI Holdings, Inc. has been experiencing significant underwriting losses, with a combined ratio consistently above 100% throughout 2025, indicating that underwriting costs and claims have exceeded premium income. This has led to reported net losses for the company in 2025. The deterioration is attributed to factors such as unfavorable prior-year reserve development, increased liability claim severity in Private Passenger Auto, and catastrophe-related costs.
  2. Catastrophic or other significant natural or man-made losses: As a property and casualty insurer, NI Holdings, Inc. is inherently exposed to claims arising from catastrophes and other natural perils. Such events can have a significant negative impact on the company's financial condition and operating results.
  3. Adequacy of Loss and Loss Adjustment Expense Reserves: The company maintains reserves to cover its estimated unpaid losses and the expenses necessary to settle claims. The risk lies in the possibility that these established reserves, which are based on current facts and circumstances, may prove to be insufficient to cover actual claims, potentially leading to increased accruals for contingencies and negatively affecting financial performance.

AI Analysis | Feedback

  • Disruption by Technology-First Insurers (InsurTechs): Emerging companies are leveraging advanced technologies such as artificial intelligence, big data analytics, machine learning, and telematics to offer insurance products directly to consumers. These InsurTechs often provide a more streamlined, personalized, and digital-first experience, potentially at lower operating costs. This model innovation threatens traditional insurers like NODK, which may rely on established, less agile processes and agent networks, similar to how Netflix disrupted Blockbuster's brick-and-mortar model.
  • The Rise of Autonomous Vehicles: For NODK's significant private passenger auto and non-standard automobile insurance segments, the gradual but accelerating development and adoption of autonomous vehicles pose a fundamental long-term threat. As self-driving technology matures and becomes more prevalent, accident rates are projected to decrease significantly. This could drastically reduce the demand for traditional auto collision insurance and shift the liability paradigm from individual drivers to vehicle manufacturers or software providers, fundamentally altering the auto insurance market.
  • Increasing Frequency and Severity of Catastrophic Weather Events: The accelerating impacts of climate change are leading to more frequent and severe extreme weather events, including wildfires, floods, hurricanes, and intense storms. This directly threatens the underwriting profitability and long-term sustainability of property, farm owners, and crop insurers like NODK. Higher claims payouts, increased reinsurance costs, and the potential for certain regions to become uninsurable or prohibitively expensive pose a significant and growing threat to their core business model.

AI Analysis | Feedback

The addressable markets for NI Holdings, Inc.'s main products and services in the United States are as follows:
  • Private Passenger Auto Insurance: The U.S. private passenger auto insurance market recorded direct premiums written of approximately $359.51 billion in 2024. Another estimate indicates the U.S. car insurance market was valued at $386.2 billion in 2025, projected to grow to $409.87 billion in 2026 and reach $551.96 billion by 2031. The market size of Automobile Insurance in the US was also reported as $352.3 billion in 2024 and $352.9 billion in 2025.
  • Non-Standard Automobile Insurance: null
  • Homeowners Insurance: The United States homeowners insurance market size was estimated at $171.7 billion in 2024 and $175.1 billion in 2025. It is projected to increase from $184.59 billion in 2026 to $236.90 billion by 2031.
  • Farm Owners Insurance: The farmers insurance market in the United States is valued at approximately $13.16 billion. The North America Farm and Ranch Insurance Market was valued at about $5.88 billion in 2023.
  • Crop Hail and Multi-Peril Crop Insurance: The global crop insurance market was valued at $46.2 billion in 2024, with North America holding a significant share. North America accounted for 41.60% of the global market share in 2025, with the global market valued at $48.01 billion in 2025. Specifically, the Multi-Peril Crop Insurance Market size was estimated at $13.27 billion in 2025 and is expected to reach $14.54 billion in 2026.
  • Liability Insurance Policies: The U.S. liability insurance market size was $107.40 billion in 2024 and is projected to reach approximately $196.39 billion by 2034. North America's liability insurance market reached $134.26 billion in 2024.

AI Analysis | Feedback

NI Holdings, Inc. (NODK) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Strategic Repositioning and Focus on Core Profitable Markets: The company's disciplined capital allocation involves strategic exits from unprofitable non-standard auto segments in certain markets, such as Illinois, South Dakota, and Arizona. This repositioning is intended to improve future underwriting margins and stabilize underwriting performance, allowing for more sustainable premium revenue growth from its core, profitable lines of business. * Continued Growth in the Home and Farm Insurance Segment: NI Holdings has demonstrated strong premium growth in its Home and Farm segment, with a 10.1% increase in Q3 2025. This growth is anticipated to continue, driven by factors such as rate increases, higher insured values, and new business generation, particularly in North Dakota. * Increased Net Investment Income: A favorable interest rate environment and an increased average fixed-income securities balance have contributed to a rise in net investment income. This trend is expected to continue to contribute positively to the company's overall revenue. * Underwriting Improvements in Private Passenger Auto: Although the Private Passenger Auto segment faced challenges in 2025 due to increased liability claim severity and reserve strengthening, the strategic decision to cease writing non-standard auto business in unprofitable states aims to stabilize underwriting. This stabilization, coupled with ongoing management actions to strengthen reserves, is expected to position the company for improved underwriting performance and a return to profitability in this segment, supporting future premium growth.

AI Analysis | Feedback

Share Repurchases

  • NI Holdings, Inc. repurchased 548,549 shares of common stock for a total of $7.2 million during 2023.
  • As of August 25, 2025, the company's Board of Directors approved a new authorization to repurchase up to $5 million of its outstanding common stock.
  • This new authorization adds to approximately $1.3 million remaining under a previous repurchase plan announced in May 2022, bringing the total available for stock repurchases to approximately $6.3 million.

Share Issuance

  • NI Holdings, Inc. has not sold any unregistered securities within the past three years (as of a recent SEC filing context around 2024).
  • Historical data indicates a general decrease in shares outstanding from approximately 21.32 million in February 2021 to 20.61 million in October 2025, suggesting no significant share issuances during this period.

Outbound Investments

  • Battle Creek Mutual Insurance Company became a wholly-owned subsidiary of NI Holdings, Inc. on January 2, 2024.

Capital Expenditures

  • Capital expenditures for NI Holdings, Inc. were USD -217.0 thousand in 2025, which represents a 78.1% increase year-over-year.

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TitleDate
0DASHBOARDS 
1How Low Can NI Stock Really Go?10/17/2025
Title
0ARTICLES

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Peer Comparisons

Peers to compare with:

Financials

NODKKEYSATERFTVMedian
NameNI Keysight.Agilent .Teradyne Fortive  
Mkt Price15.91363.67127.06437.9261.03127.06
Mkt Cap0.362.235.868.518.935.8
Rev LTM2736,0887,2323,7874,7384,738
Op Inc LTM-1,1061,5551,0307991,068
FCF LTM-271,3571,0875531,0281,028
FCF 3Y Avg251,1981,2715241,2551,198
CFO LTM-271,4891,4527781,0761,076
CFO 3Y Avg261,3411,6447261,3411,341

Growth & Margins

NODKKEYSATERFTVMedian
NameNI Keysight.Agilent .Teradyne Fortive  
Rev Chg LTM-15.2%19.2%9.1%30.3%2.5%9.1%
Rev Chg 3Y Avg-0.6%3.5%1.1%9.2%-4.7%1.1%
Rev Chg Q-16.6%31.5%10.0%87.0%7.7%10.0%
QoQ Delta Rev Chg LTM-4.2%7.2%2.4%18.7%1.6%2.4%
Op Inc Chg LTM-28.6%9.7%70.1%-6.1%19.2%
Op Inc Chg 3Y Avg--5.1%-1.4%19.2%-0.7%-1.0%
Op Mgn LTM-18.2%21.5%27.2%16.9%19.8%
Op Mgn 3Y Avg-18.6%20.8%22.4%16.6%19.7%
QoQ Delta Op Mgn LTM-2.2%0.9%5.6%0.3%1.6%
CFO/Rev LTM-9.9%24.5%20.1%20.5%22.7%20.5%
CFO/Rev 3Y Avg7.7%24.6%24.3%23.5%30.5%24.3%
FCF/Rev LTM-10.0%22.3%15.0%14.6%21.7%15.0%
FCF/Rev 3Y Avg7.5%22.0%18.8%17.0%28.5%18.8%

Valuation

NODKKEYSATERFTVMedian
NameNI Keysight.Agilent .Teradyne Fortive  
Mkt Cap0.362.235.868.518.935.8
P/S1.210.25.018.14.05.0
P/Op Inc-56.223.066.523.639.9
P/EBIT-48.221.367.923.435.8
P/E-76.159.025.380.234.834.8
P/CFO-12.341.824.788.117.624.7
Total Yield-1.3%1.7%4.7%1.4%3.3%1.7%
Dividend Yield0.0%0.0%0.8%0.1%0.4%0.1%
FCF Yield 3Y Avg7.6%3.8%3.5%2.7%5.3%3.8%
D/E0.00.00.10.00.20.0
Net D/E-0.60.00.0-0.00.20.0

Returns

NODKKEYSATERFTVMedian
NameNI Keysight.Agilent .Teradyne Fortive  
1M Rtn14.2%4.9%10.5%22.2%3.2%10.5%
3M Rtn21.2%31.0%14.4%50.6%10.5%21.2%
6M Rtn14.3%79.6%-7.0%124.5%11.3%14.3%
12M Rtn28.0%128.2%10.9%408.8%14.8%28.0%
3Y Rtn12.0%127.5%9.5%310.9%13.6%13.6%
1M Excs Rtn11.6%3.7%12.9%34.3%2.9%11.6%
3M Excs Rtn8.7%11.8%0.4%31.3%-3.7%8.7%
6M Excs Rtn-0.6%67.2%-18.6%117.6%1.5%1.5%
12M Excs Rtn2.5%101.2%-15.0%382.6%-10.5%2.5%
3Y Excs Rtn-64.2%48.8%-62.9%226.0%-56.1%-56.1%

Comparison Analyses

null

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/8/20263/6/202611/7/20258/8/20255/9/20253/7/202511/7/20248/8/20245/9/20243/15/202411/7/20238/8/2023
Key Financials Quarterly            
Total Revenue606177767174898874797881
Net Income13-3-2-12610-3-20670-8
EPS0.60-0.15-0.08-0.570.310.47-0.13-0.940.310.310.01-0.38
Key Financials TTM            
Total Revenue TTM273285298310322325330319312319277288
Net Income TTM-4-1032-6-6-9-65-5-11-21
Growth Rates Quarterly            
Total Revenue Growth-16.6%-17.5%-14.0%-13.4%-4.1%-6.1%14.0%8.3%-8.7%114.5%-12.5%7.0%
Net Income Growth93.6%-132.0%38.4%38.6%0.6%48.6%-1271.0%-141.6%252.5%644.4%102.3%82.3%
Margins Quarterly            
Net Income Margin21.0%-5.2%-2.2%-15.8%9.0%13.3%-3.0%-22.3%8.6%8.4%0.3%-10.0%
Cash & Debt            
Total Cash189183161199200192177187225330360386
Total Debt000000000000
Net Debt / (Cash)-189-183-161-199-200-192-177-187-225-330-360-386
Cash Flows Quarterly            
FCF from Operations-213-4561022-18181742-1024
Cash Flows TTM            
FCF from Operations TTM-27-15-72032395866725119-9
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases11-0-0-0-0-0-0-0-043
Return on Invested Capital (ROIC) Quarterly            
ROIC------------
Return on Invested Capital (ROIC) TTM            
ROIC TTM------------

Segment Financials

Revenue by Segment
$ Mil2016
Other property and casualty coverages109
Home and Farm33
Non-Standard Auto11
Net investment gains (losses)6
Net investment income4
Fee and other income2
Total164


Price Behavior

Price Behavior
Market Price$15.91 
Market Cap ($ Bil)0.3 
First Trading Date03/16/2017 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$13.82$13.50
DMA Trendupup
Distance from DMA15.1%17.9%
 3M1YR
Volatility24.7%23.9%
Downside Capture-31.5811.43
Upside Capture47.3837.09
Correlation (SPY)7.0%16.5%
NODK Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-0.140.580.340.230.440.50
Up Beta-1.741.080.520.350.670.48
Down Beta1.960.691.100.900.660.66
Up Capture61%35%13%-1%18%12%
Bmk +ve Days13283667141432
Stock +ve Days12212954114349
Down Capture-122%-15%-7%-13%35%72%
Bmk -ve Days7132757109318
Stock -ve Days7183265128374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with NODK
NODK25.4%24.0%0.89-
Sector ETF (XLF)8.3%14.6%0.3327.5%
Equity (SPY)26.5%12.4%1.6117.2%
Gold (GLD)24.2%27.5%0.77-8.4%
Commodities (DBC)19.8%18.8%0.83-10.5%
Real Estate (VNQ)11.0%13.7%0.5223.8%
Bitcoin (BTCUSD)-40.0%42.4%-1.084.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with NODK
NODK-4.9%28.0%-0.17-
Sector ETF (XLF)9.3%18.6%0.3733.2%
Equity (SPY)13.5%17.1%0.6230.8%
Gold (GLD)17.1%18.3%0.76-0.9%
Commodities (DBC)7.5%19.4%0.294.4%
Real Estate (VNQ)1.9%18.9%0.0028.1%
Bitcoin (BTCUSD)11.0%54.2%0.4015.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with NODK
NODK0.5%30.0%0.07-
Sector ETF (XLF)13.0%22.2%0.5438.6%
Equity (SPY)15.3%18.0%0.7337.1%
Gold (GLD)12.3%16.1%0.631.4%
Commodities (DBC)5.9%18.0%0.2611.9%
Real Estate (VNQ)5.3%20.7%0.2235.4%
Bitcoin (BTCUSD)60.0%66.8%1.009.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 515202620.3%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity20.9 Mil
Short % of Basic Shares0.3%

Returns Analyses

Earnings Returns History

Updated 6/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/8/20264.4%7.7%18.7%
3/6/2026-1.4%1.0%-3.0%
11/7/2025-0.8%3.6%5.5%
8/8/2025-1.5%-3.0%3.3%
5/9/20252.4%1.1%1.8%
3/7/2025-5.7%-4.8%-11.4%
11/7/20240.0%-1.8%6.7%
8/8/2024-3.6%-10.1%-1.2%
...
SUMMARY STATS   
# Positive111114
# Negative131310
Median Positive2.6%6.2%4.4%
Median Negative-1.4%-3.0%-5.7%
Max Positive4.4%10.8%18.7%
Max Negative-5.7%-10.1%-12.3%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/8/20264.4%7.7%18.7%
3/6/2026-1.4%1.0%-3.0%
11/7/2025-0.8%3.6%5.5%
8/8/2025-1.5%-3.0%3.3%
5/9/20252.4%1.1%1.8%
3/7/2025-5.7%-4.8%-11.4%
11/7/20240.0%-1.8%6.7%
8/8/2024-3.6%-10.1%-1.2%
5/9/20242.6%10.2%3.2%
3/15/2024-2.2%-7.4%-8.9%
11/7/2023-1.2%3.5%3.7%
8/8/2023-1.6%-1.2%-7.4%
5/8/20230.5%0.9%10.0%
3/8/2023-0.9%-8.1%-5.9%
11/7/2022-0.6%-4.4%-1.9%
8/4/2022-1.4%-2.9%-12.3%
5/6/20224.2%10.8%12.5%
3/9/2022-2.9%-3.1%-5.6%
11/5/2021-0.5%-0.5%-2.4%
8/4/20213.2%-0.4%2.2%
5/5/20210.5%-0.2%3.9%
3/10/20213.2%7.0%1.9%
11/4/20200.7%7.3%5.4%
8/5/20204.0%6.2%5.0%
SUMMARY STATS   
# Positive111114
# Negative131310
Median Positive2.6%6.2%4.4%
Median Negative-1.4%-3.0%-5.7%
Max Positive4.4%10.8%18.7%
Max Negative-5.7%-10.1%-12.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/07/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/08/202310-Q
12/31/202203/08/202310-K
09/30/202211/07/202210-Q
06/30/202208/04/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/07/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/08/202310-Q
12/31/202203/08/202310-K
09/30/202211/07/202210-Q
06/30/202208/04/202210-Q
03/31/202205/06/202210-Q
12/31/202103/09/202210-K
09/30/202111/05/202110-Q
06/30/202108/04/202110-Q
03/31/202105/05/202110-Q
12/31/202003/10/202110-K
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201903/11/202010-K
09/30/201911/06/201910-Q
06/30/201908/07/201910-Q

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/21/2026