NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024
NI Holdings, Inc. (NODK)
US:NASDAQ Investor Relations:
niholdingsinc.com
Company Research
Source: GlobeNewswire
FARGO, N.D., May 09, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2024. Summary of First Quarter 2024 Results(All comparisons vs. the first quarter of 2023, unless noted otherwise) Direct written premiums of $102.7 million, up 13.4%, driven by increases in Non-Standard Auto (23.2%), Home and Farm (13.1%) and Private Passenger Auto (7.9%).Net earned premiums of $85.6 million, up 10.2%.Combined ratio of 97.2% versus 112.2%, driven by the earned impact of prior period rate increases across all segments (excluding Crop) and lower weather-related losses in Private Passenger Auto and Commercial, partially offset by unfavorable development in Non-Standard Auto.Net investment gain of $1.8 million and net investment income of $3.6 million, driven by improved equity market conditions and higher fixed income reinvestment rates, respectively.Basic earnings per share of $0.31, compared to loss per share of $0.20. T
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- NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Agrees to Sell Westminster American Insurance Company [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Agrees to Sell Westminster American Insurance CompanyGlobeNewswire
NODK
Sec Filings
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- NODK's page on the SEC website