secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001174947-22-000639
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NI Holdings Q1 net income drops 80% to $1.9M ($0.09/sh) on investment losses
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- Net income of $1.9M ($0.09/sh) vs $9.7M ($0.45/sh) prior-year, down 80.3%.
- Combined ratio improved to 91.3% from 92.1%; underwriting gain up 20.9% to $6.1M.
- ROE fell to 2.3% from 11.2% due to unrealized investment losses from rising rates and equity markets.
- Direct written premiums grew 4.3% to $75.5M; shareholders' equity down 4.4% to $332.3M.
- Repurchased 54,872 shares at avg $18.17 for $1.0M during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722000639/0001174947-22-000639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722000639/form8k-27983_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-000639

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