Earnings ·
NI Holdings, Inc. reported financial results for the quarter ended June 30, 2026
NODKNI Holdings, Inc.
NI Holdings, Inc. reported financial results for the quarter ended June 30, 2026. Gross premiums written decreased to $107.2 million from $111.8 million in the prior year period, driven by a strategic exit from Non-Standard Auto and declines in Private Passenger Auto, partially offset by growth in Crop and assumed reinsurance business. The combined ratio improved significantly to 107.7% from 125.1%, aided by lower catastrophe losses and favorable prior-year reserve development. Total pre-tax catastrophe losses were $15.0 million. Net income was $146,000, resulting in basic earnings per share of $0.01 compared to a loss of $(0.57) per share previously. NI Holdings operates as an insurance holding company providing property and casualty insurance products.