NI Holdings (NI Holdings) Retained Earnings

: $208.4 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NI Holdings's retained earnings for the quarter that ended in Dec. 2023 was $208.4 Mil.

NI Holdings's quarterly retained earnings increased from Jun. 2023 ($201.5 Mil) to Sep. 2023 ($201.7 Mil) and increased from Sep. 2023 ($201.7 Mil) to Dec. 2023 ($208.4 Mil).

NI Holdings's annual retained earnings declined from Dec. 2021 ($267.2 Mil) to Dec. 2022 ($214.1 Mil) and declined from Dec. 2022 ($214.1 Mil) to Dec. 2023 ($208.4 Mil).

NI Holdings Retained Earnings Historical Data

The historical data trend for NI Holdings's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 218.48 [6] => 258.74 [7] => 267.21 [8] => 214.12 [9] => 208.38 )

NI Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

218.48

258.74

267.21

214.12

208.38

NI Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																214.12	209.71	201.52	201.75	208.38

NI Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

NI Holdings (NAS:NODK) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

NI Holdings (NI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NI Holdings Inc (NAS:NODK) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 First Avenue North, Fargo, ND, USA, 58102

Website

http://www.niholdingsinc.com

NI Holdings Inc is a stockholding company. The company's operating segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and others. It generates maximum revenue from the home and farm insurance segment.

Executives

Patrick W. Duncan	officer: Vice President of Operations	1101 FIRST AVENUE NORTH, FARGO ND 58102
Prakash Mathew	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Duaine Espegard	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Stephen V. Marlow	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Jeffrey R. Missling	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Eric K. Aasmundstad	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
William Russell Devlin	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Cindy Launer	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Michael J. Alexander	director, officer: President & CEO	1101 FIRST AVENUE NORTH, FARGO ND 58102
Seth C. Daggett	officer: EVP of Strategy	1101 FIRST AVENUE NORTH, FARGO ND 58102
Timothy J. Milius	officer: Vice President of Finance	1101 FIRST AVENUE NORTH, FARGO ND 58102
Brian R. Doom	officer: Executive Vice President & CFO	1101 FIRST AVENUE NORTH, FARGO ND 58102
Brad J. Larson	officer: Regional Sales Director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Nodak Mutual Group, Inc.	10 percent owner	1101 FIRST AVENUE NORTH, FARGO ND 58102