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NI Holdings is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company ( Nodak Mutual ) from a mutual to stock form of organization and the creation of a mutual holding company. Immediately following the conversion, all of the outstanding shares of common stock of Nodak I…
The institution is unprofitable. This typically signals severe credit losses or a business in transition.
Revenue declined 12.3% YoY. For a bank, this often signals contracting loan book or reduced fee income.
Traditional FCF and operating-margin metrics are not meaningful for financial institutions. Evaluate using net interest margin, credit quality, and capital ratios instead.
Profitability & Returns
Revenue (TTM)
$273M
▼ -12.3% YoY
Net Income (TTM)
-$4M
▼ -71.8% YoY
Net Margin
-1.60%
P/E
—
Balance Sheet
Total Assets
$492M
Equity
$250M
Total Debt
$2M
Cash & Equiv.
$58M
5Y CAGR: -1.4%
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