secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001174947-22-000354
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722000354/0001174947-22-000354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722000354/form8k-27497_ni.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-000354

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer