NODK
NI Holdings, Inc.14.51
+0.13+0.9%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
300.00MP/E (TTM)
131.91Basic EPS (TTM)
0.11Dividend Yield
0%Recent Filings
8-K
2025 losses widen on exits, cat
NI Holdings reported Q4 and full-year 2025 results, with direct written premiums down 15.3% to $289.8M amid strategic Non-Standard Auto exits in Illinois, Arizona, and South Dakota. Combined ratio worsened to 109.9%, hit by prior-year reserve development, liability severity, and a historic North Dakota catastrophe exceeding $20M retention. Net loss hit $(0.50) per share. Core lines held firm.
10-K
FY2025 results
NI Holdings posted a $10.4M net loss for FY2025 ended December 31, 2025, with net premiums earned down 12.7% y/y to $270.7M on $289.8M direct premiums written (15.4% y/y decline), driven by strategic non-standard auto exits slashing that segment's earned premiums 47.5% y/y to $50M. Underwriting loss widened to $26.7M (109.9% combined ratio), hammered by $30.3M unfavorable prior-year reserve development (derived), chiefly non-standard auto liability, yet private passenger auto stayed profitable at 93.4% combined while crop delivered 72.9%. Q4 share repurchases tallied 101K shares for $1.35M average; $378.7M year-end cash/investments fund $10.7M unpaid losses. Catastrophic weather losses threaten quarterly momentum.
8-K
Director declines re-election
8-K
Q3 premiums drop on auto exit
NI Holdings reported Q3 direct written premiums down 13.7% to $58.5 million, mainly from halting Non-Standard Auto in Illinois, Arizona, and South Dakota amid persistent adverse reserve development. Combined ratio improved to 109.1% from 111.0%, with net investment income up 8.1% to $3.0 million. Basic loss per share narrowed to ($0.08). Cindy Launer rejoined as CEO. Exit sacrifices premiums but eyes underwriting stability.
10-Q
Q3 FY2025 results
NI Holdings narrowed its Q3 net loss to $1.7M ($0.08/share) from $2.7M ($0.13/share) y/y, as net premiums earned fell 13.6% to $71.9M (derived) on Non-Standard Auto exits in Nevada, Illinois, Arizona, and South Dakota, yet loss ratio held steady at 78.2% while expense ratio improved to 30.9%. Combined ratio eased to 109.1%. Crop shone with 68.3% ratio; Private Passenger Auto hit 89.1%. Net investment income rose to $3.0M. Cash dropped to $24.7M amid $28.5M operating outflow; $3M revolver undrawn. Non-Standard Auto weighs on profitability.
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