---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-000314"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:33:24.684220+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NI Holdings reports 2022 net loss of $53.1M; combined ratio 119.9%

## Summary
- Full year net loss of $53.1M ($2.49 loss per share) vs. $8.4M income ($0.39 EPS) in 2021.
- Combined ratio of 119.9% for 2022, up from 104.3% in 2021, driven by elevated loss costs and $68.5M in catastrophe losses.
- Direct written premiums grew 13.9% to $389.7M; Non-Standard Auto led with 26.8% increase.
- Q4 net income of $0.9M ($0.04 EPS) compared to $6.1M ($0.29 EPS) a year ago; Q4 combined ratio 109.4% vs 98.6%.
- Management cites improved trends in Personal Auto and Home/Farm segments from rate and underwriting actions.

## SEC filing metadata
- accession: 0001174947-23-000314
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494723000314/0001174947-23-000314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494723000314/form8k-29462_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-000314
- JSON: https://secwatch.observer/filing/0001174947-23-000314.json
- Plain text: https://secwatch.observer/filing/0001174947-23-000314.txt

## Key facts
- Earnings Releases
  NI Holdings, Inc. reported financial results for quarter and year ended December 31, 2022.
  - Period: quarter and year ended December 31, 2022
  - Result: reported results
  source text: On March 8, 2023, the Company issued a press release announcing its financial results for the quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494723000314/0001174947-23-000314-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.