secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001174947-23-000314
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494723000314/0001174947-23-000314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494723000314/form8k-29462_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-000314

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