NI Holdings reports Q3 2022 EPS loss of $0.47; combined ratio worsens to 114.4%

NI Holdings, Inc.

2022-Q3 EPS reported -$2.53 revenue$231,105,000

Direct written premiums grew 17.8% to $81.1M, driven by Non-Standard Auto and Commercial segments.
Combined ratio of 114.4% vs 110.8%, impacted by inflation, catastrophe losses, and adverse development.
Pre-tax catastrophe losses net of reinsurance were $19.6M for Q3, $68.7M YTD, adding 22.7 pts to combined ratio.
Net investment losses of $2.9M in Q3 due to unfavorable equity markets.
Repurchased 62,175 shares for $0.9M at avg price $15.11.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NI Holdings, Inc. reported quarter ended September 30, 2022 results: revenue $89.5 million, net income ($9,985), EPS ($0.47).

Period: quarter ended September 30, 2022
Revenue: $89.5 million
Net income: ($9,985)
EPS: ($0.47)
Result: reported results

Exact text from the filing

noted otherwise) · Direct written premiums increased 17.8% to $81.1 million, driven by our Non-Standard Auto and Commercial segments. · Net earned premiums increased 9.0% to $89.5 million. · Combined Ratio of 114.4% versus 110.8%, driven by elevated loss costs as a result of higher inflation, a catastrophe loss event in North Dakota during the current quarter, and

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

NI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001174947-22-001177

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.