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Stock impact report

NI Holdings, Inc. Files First Quarter 2018 Results

NI Holdings, Inc. (NODK) 
US:NASDAQ Investor Relations: niholdingsinc.com
Company Research Source: GlobeNewswire
FARGO, N.D., May 04, 2018 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported its financial results for the quarter ended March 31, 2018. First quarter ended March 31, 2018 compared to first quarter 2017: Net income attributable to NI Holdings of $6.1 million compared to $4.7 million for 2017.Net premiums earned of $36.1 million, a 10.1% increase from 2017.Loss and LAE ratio of 52.2%, compared to 54.0% for 2017.Expense ratio of 32.9%, compared to 30.5% for 2017.Earnings per share of $0.27, compared to $0.21 a year ago.Combined ratio of 85.1%, compared to 84.5% for 2017.Effective tax rate of 19.1%, compared to 32.5% for 2017.Total equity of $258.6 million as of March 31, 2018. “We are pleased with our results for first quarter 2018.  Our earned premiums grew 10% while producing profitable underwriting results for the quarter,” said Michael J. Alexander, President and CEO.  “A strong first quarter for both growth and profit is critical as we normally experience a hig Show less Read more
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