---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-22-000354"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2022-03-09T23:59:59+00:00"
generated_at: "2026-06-27T00:26:45.898177+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NI Holdings Q4 net income falls 72% to $6.1M; full-year combined ratio above 100%

## Summary
- Q4 net income $6.1M ($0.29 EPS) vs $21.6M ($1.01 EPS) prior year; full-year $8.4M ($0.39 EPS) vs $40.4M ($1.86 EPS).
- Direct written premiums +7.4% in Q4, +8.9% for year, driven by commercial and non-standard auto segments.
- Combined ratio: Q4 98.6% vs 79.1%; full-year 104.4% vs 89.4% – weather, inflation, drought impacted.
- Repurchased 56,812 shares ($19.44 avg) in Q4 for $1.1M; full-year 225,205 shares for $4.3M.
- No earnings conference call to be held for Q4 2021.

## SEC filing metadata
- accession: 0001174947-22-000354
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2022-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494722000354/0001174947-22-000354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494722000354/form8k-27497_ni.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-22-000354
- JSON: https://secwatch.observer/filing/0001174947-22-000354.json
- Plain text: https://secwatch.observer/filing/0001174947-22-000354.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.