NI Holdings, Inc. ( (NODK) ) has released its Q3 earnings. Here is a breakdown of the information NI Holdings, Inc. presented to its investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
NI Holdings, Inc. is an insurance holding company based in North Dakota, primarily involved in providing a range of insurance products through its subsidiaries, including Nodak Insurance Company. The company recently transitioned from a mutual to a stock form of organization.
In its latest earnings report for the third quarter of 2025, NI Holdings, Inc. announced a decrease in direct written premiums to $58.5 million, primarily due to a strategic decision to cease non-standard auto insurance in certain states. Despite this, the company saw a 10.1% increase in Home and Farm premiums, reflecting growth in new business and rate increases.
Key financial metrics revealed a combined ratio improvement to 109.1% from 111.0%, although the company still reported a net loss of $1.7 million. Net investment income rose by 8.1% to $3.0 million, while net investment gains fell by 43.5% due to lower unrealized gains on equity securities. The basic loss per share improved to ($0.08) compared to ($0.13) in the previous year.
Looking ahead, NI Holdings, Inc. is focusing on enhancing its underwriting performance and achieving greater stability by discontinuing its non-standard auto insurance in specific regions. The company’s management remains optimistic about its strategic direction and is committed to delivering value to its shareholders and customers.