NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2024
NI Holdings, Inc. (NODK)
US:NASDAQ Investor Relations:
niholdingsinc.com
Company Research
Source: GlobeNewswire
FARGO, N.D., Aug. 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2024. Summary of Second Quarter 2024 Results – Continuing Operations(All comparisons vs. continuing operations for the second quarter of 2023, unless noted otherwise) Direct written premiums of $118.5 million compared to $121.6 million. This 2.6% reduction was driven by Crop as a result of lower commodity prices impacting multi-peril crop insurance premiums, partially offset by growth in Non-Standard Auto (26.4%) due to rate and new business increases, and Home and Farm (11.5%), driven by higher rate and insured values.Net earned premiums of $85.2 million, up 8.0%.Combined ratio of 113.7% versus 107.1%, driven by increased weather-related losses in Home and Farm and unfavorable prior year reserve development in Non-Standard Auto.Net investment loss of $0.6 million and net investment income of $2.5 million, up 31.2% driven by higher fixed income rei
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News
- NI Holdings, Inc. Announces Leadership ChangeGlobeNewswire
- NI Holdings Second Quarter 2024 Earnings: US$0.36 loss per share (vs US$0.38 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- AM Best Downgrades Credit Ratings of Westminster American Insurance Company; Maintains Under Review With Negative Implications Status [Yahoo! Finance]Yahoo! Finance
- AM Best Downgrades Credit Ratings of Westminster American Insurance Company; Maintains Under Review With Negative Implications StatusBusiness Wire
- NI Holdings closes sale of Westminster American Insurance [Yahoo! Finance]Yahoo! Finance
NODK
Sec Filings
- 9/19/24 - Form 8-K
- 8/26/24 - Form 8-K/A
- 8/15/24 - Form 8-K
- NODK's page on the SEC website