NI HoldingsNODK -3.47%66 Pretax Margin % is 26.36% as of Mar. 2026, which is 402% above its 10-year median of 5.25. GuruFocus rates NODK with a GF Score™ of 66/100 and a GF Value™ of $14.13 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 506 Insurance companies, NI Holdings ranks worse than 92.09% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. NI Holdings's Pre-Tax Income for the
three
months ended in Mar. 2026 was $15.7 Mil. NI Holdings's Revenue for the
three
months ended in Mar. 2026 was $59.6 Mil. Therefore, NI Holdings's pretax margin for the quarter that ended in Mar. 2026 was 26.36%.
The historical rank and industry rank for NI Holdings's Pretax Margin % or its related term are showing as below:
NODK'
s Pretax Margin % Range Over the Past 10 Years
Min: -19.75 Med: 5.25 Max: 18.44
Current: -1.6
NODK's Pretax Margin % is ranked worse than 92.09% of 506
companies
in the Insurance industry
Industry Median: 12.02
vs NODK: -1.60
NI Holdings (NAS:NODK) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
NI Holdings Pretax Margin % Related Terms
NI Holdings Pretax Margin % Historical Data
* Premium members only.
The historical data trend for NI Holdings's Pretax Margin % 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.
NODK vs GBLI, AII, KINS: Pretax Margin % Comparison
For the Insurance - Property & Casualty subindustry, NI Holdings's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, NI Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NI Holdings's Pretax Margin % falls into.
* 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.
NI Holdings (NODK) has a Pretax Margin % of 26.36% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NI Holdings and its competitors. This is 402% above median its historical median of 5.25. According to the industry distribution chart, NI Holdings ranks #466 out of 506 companies in the Insurance industry, placing it in the top 92.1%.
Is NI Holdings' Pretax Margin % too high?
NI Holdings' current Pretax Margin % of 26.36% is 402% above median its 10-year median of 5.25. The Insurance industry median Pretax Margin % is 12.02. NI Holdings' value of 26.36% is 119.3% above this industry median. Based on the distribution chart, NI Holdings ranks #466 out of 506 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, NI Holdings has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NI Holdings' Pretax Margin % compare to GBLI and AII?
According to the Insurance industry distribution chart, NI Holdings ranks #466 out of 506 companies for Pretax Margin %. This places NI Holdings in the lower half of its industry. The industry median Pretax Margin % is 12.02. NI Holdings' value of 26.36% is 119.3% above this benchmark. While the company's 10-year median is 5.25 vs. the industry median of 12.02, NI Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Insurance company?
The median Pretax Margin % among Insurance companies is 12.02, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NI Holdings's current Pretax Margin % of 26.36% is 119.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NI Holdings and its competitors. For the Insurance industry, the median Pretax Margin % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NI Holdings's current Pretax Margin % is 26.36%, which is 402% above median its own 10-year median of 5.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NI Holdings (NODK) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.13, compared to a current price of $15.85 — trading 12.2% above its estimated fair value. The current Pretax Margin % is 26.36%, which is 402% above median its 10-year median of 5.25 and 119.3% above the Insurance industry median of 12.02. NI Holdings' overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For NI Holdings (NODK), the current Pretax Margin % is 26.36% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NI Holdings (NODK) Overvalued in 2026?
Based on GuruFocus' analysis, NI Holdings stock appears to be overvalued.
The current stock price of $15.85 is trading 12.2% above its estimated GF Value™ of $14.13.
GuruFocus considers NI Holdings to be Modestly Overvalued.
Key valuation signals for NODK:
Pretax Margin %: 26.36% (402% above median its 10-year median of 5.25)
GF Value™: $14.13 vs. price of $15.85 (12.2% above fair value)
Industry Position: 119.3% above the Insurance median (#466 of 506)
No single metric tells the full story. See the NODK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NI Holdings Inc is a stockholding company. Through its subsidiaries, the company operates in the insurance industry, offering homeowners and farmowners insurance policies, crop insurance policies, home insurance policies, etc. These insurance products are distributed through a network of exclusive and independent agents across the United States. The group's reportable segments are: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which mainly consists of commercial, assumed reinsurance, and its excess liability business). Maximum revenue is generated from the Home and Farm segment.
66GF Score
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