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NI Holdings (NI Holdings) Gross-Profit-to-Asset % : 57.57% (As of Dec. 2023)


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What is NI Holdings Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. NI Holdings's annualized Gross Profit for the quarter that ended in Dec. 2023 was $377.7 Mil. NI Holdings's average Total Assets over the quarter that ended in Dec. 2023 was $656.0 Mil. Therefore, NI Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 57.57%.


NI Holdings Gross-Profit-to-Asset % Historical Data

The historical data trend for NI Holdings's Gross-Profit-to-Asset % 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.

NI Holdings Gross-Profit-to-Asset % Chart

NI Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.02 54.43 51.04 51.25 57.63

NI Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.70 52.52 58.99 55.20 57.57

Competitive Comparison of NI Holdings's Gross-Profit-to-Asset %

For the Insurance - Property & Casualty subindustry, NI Holdings's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NI Holdings's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, NI Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where NI Holdings's Gross-Profit-to-Asset % falls into.



NI Holdings Gross-Profit-to-Asset % Calculation

NI Holdings's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=365.695/( (614.232+654.886)/ 2 )
=365.695/634.559
=57.63 %

NI Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=377.656/( (657.094+654.886)/ 2 )
=377.656/655.99
=57.57 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


NI Holdings Gross-Profit-to-Asset % Related Terms

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NI Holdings (NI Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1101 First Avenue North, Fargo, ND, USA, 58102
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