secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001174947-22-001177
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722001177/0001174947-22-001177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722001177/form8k-28909_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-001177

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