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FARGO, N.D., May 08, 2023 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended March 31, 2023. Summary of First Quarter 2023 Results(All comparisons vs. the first quarter of 2022, unless noted otherwise) Direct written premiums of $90.6 million, up 19.9%, driven by Non-Standard Auto up 52.0%, Commercial up 19.9% and Private Passenger Auto up 10.7%Net earned premiums of $77.6 million, up 11.6%Combined ratio of 112.2% versus 91.3%, driven by elevated loss severity and unfavorable prior year reserve development in Non-Standard Auto and CommercialNet investment gain of $1.4 million and net investment income of $2.2 million, driven by improved equi
FARGO, N.D., Aug. 04, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights: Net loss of $45.9 million, compared to $2.6 million in the prior year quarter. Direct written premiums grew 15.5% from prior year quarter, driven by our Crop, Commercial and Non-Standard Auto segments.Underwriting loss of $50.3 million, compared to $10.2 million in the prior year quarter, driven by net pre-tax catastrophe losses of $49.1 million compared to $10.0 million in the prior year quarter. Net investment losses of $11.1 million, compared to net investment gains of $4.7 millio
FARGO, N.D., July 22, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today pre-tax catastrophe losses of approximately $49 million, net of reinsurance, for the three months ended June 30, 2022. Losses were primarily in the Home/Farm and Private Passenger Auto segments driven by multiple severe storms in South Dakota and Nebraska. Michael J. Alexander, President and Chief Executive Officer, stated, "Our companies have consistently provided best-in-class underwriting while also identifying and executing growth opportunities. However, similar to the industry, we cannot predict the frequency or severity of storms across our geographical footprint. While there is still some
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to "a" (Excellent) from "a+" (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Nodak Insurance Group (Nodak). The outlook of the Long-Term ICRs has been revised to stable from negative, while the outlook of the FSR is stable. Concurrently, AM Best has downgraded the Long-Term ICR to "bbb" (Good) from "bbb+" (Good) of NI Holdings, Inc. (Fargo, ND) (NASDAQ:NODK), a publicly traded holding company. The outlook of this Credit Rating (rating) has been revised to stable from negative. (See below for a full listing of companies and ratings.) The ratings reflect Nodak's balance
FARGO, N.D., May 09, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended March 31, 2025. Summary of First Quarter 2025 Results – Continuing Operations(All comparisons vs. continuing operations for the first quarter of 2024, unless noted otherwise) Direct written premiums of $67.7 million compared to $83.0 million. This reduction was driven by Non-Standard Auto (-58.8%) due to strategic decisions to exit Nevada and significantly reduce written premium in the Chicago market to improve profitability, partially offset by Home and Farm (7.1%) driven by higher new business in North Dakota as well as rate and insured value incre
FARGO, N.D., March 07, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (("NI Holdings, " or the "Company, NASDAQ:NODK) announced today results for the year ended December 31, 2024. Summary of Year-End 2024 Results(All comparisons vs. continuing operations for the year-end 2023, unless noted otherwise) Strong fourth quarter net income of $9.9 million, with 16.2% return on average equity.Fourth quarter combined ratio of 80.0%, up 1.3 pts compared to the prior year quarter, reflecting excellent underwriting results in our Private Passenger Auto and Home and Farm segments, partially offset by unfavorable prior year reserve development and further current year reserve strengthening in Non-Standard
4 - NI Holdings, Inc. (0001681206) (Issuer)
FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. ((the "Company", NASDAQ:NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the "Board") search for a permanent CEO, as previously announced. "It is an honor and privilege to have the opportunity to lead this outstanding organization," Mr. Daggett said. "I look forward to continue working alongside o
FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended September 30, 2024. Summary of Third Quarter 2024 Results – Continuing Operations(All comparisons vs. continuing operations for the third quarter of 2023, unless noted otherwise) Direct written premiums of $67.7 million compared to $67.9 million. This slight reduction was driven by Non-Standard Auto (-35.8%) due to lower new business and retention, partially offset by Home and Farm (11.6%) driven by higher rate and insured values along with new business growth in North Dakota.Net earned premiums of $83.3 million, up 9.0%.Combined ratio of 111.0% versus 100.8%, driv
8-K - NI Holdings, Inc. (0001681206) (Filer)
10-Q - NI Holdings, Inc. (0001681206) (Filer)
DEFA14A - NI Holdings, Inc. (0001681206) (Filer)
3 - NI Holdings, Inc. (0001681206) (Issuer)
4 - NI Holdings, Inc. (0001681206) (Issuer)
4 - NI Holdings, Inc. (0001681206) (Issuer)
SC 13D/A - NI Holdings, Inc. (0001681206) (Subject)
SC 13G - NI Holdings, Inc. (0001681206) (Subject)