Earnings ·
NI Holdings reports Q3 EPS of $0.27 as combined ratio improves to 93.6%
NODKNI Holdings, Inc.
NI Holdings, Inc. reported net income of $5.5 million for the quarter ended September 30, 2026, translating to basic earnings per share of $0.27 compared to a loss of $(0.08) in the prior year period. Gross premiums written decreased 7.2% to $54.3 million, driven by the exit from the Non-Standard Auto segment and declines in Private Passenger Auto, partially offset by growth in assumed catastrophe reinsurance premiums. The combined ratio improved significantly to 93.6% from 109.1%, primarily due to favorable prior year loss reserve development and lower weather-related losses. Net investment income fell 10.7% to $2.7 million as proceeds were used to fund operating cash needs. NI Holdings, Inc. is an insurance holding company that provides property and casualty insurance products.