NI Holdings estimates $49M pre-tax catastrophe losses for Q2 2022 from storms in SD/NE

NI Holdings, Inc.

Pre-tax catastrophe losses of ~$49 million net of reinsurance for Q2 2022.
Losses concentrated in Home/Farm and Private Passenger Auto segments.
Multiple severe storms in South Dakota and Nebraska driving losses.
CEO cites industry-wide unpredictability of storm frequency/severity.
Full Q2 2022 results to be released on August 4, 2022.

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