{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000738","form_type":"8-K","ticker":"NODK","cik":"0001681206","company_name":"NI Holdings, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.020715+00:00","generated_at":"2026-06-15T13:36:50.689715+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NI Holdings reports Q1 net loss of $4.2M; combined ratio deteriorates to 112.2%","bullets":["Direct written premiums rose 19.9% to $90.6M, led by Non-Standard Auto (+52%).","Net loss per share of $0.20 vs EPS of $0.09 in prior year; combined ratio 112.2% vs 91.3%.","Elevated loss severity, winter storm impacts, and unfavorable prior-year reserve development drove underwriting loss.","Net investment income increased over 35% YoY to $2.2M; company repurchased $0.6M of stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000738","json":"https://secwatch.observer/filing/0001174947-23-000738.json","markdown":"https://secwatch.observer/filing/0001174947-23-000738.md","text":"https://secwatch.observer/filing/0001174947-23-000738.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1681206/000117494723000738/0001174947-23-000738-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1681206/000117494723000738/form8k-30060_nodk.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T13:36:50.689715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"91c4bf8574c654d9be5158ed3223ec7c50d2cce5","claim":"NI Holdings, Inc. reported the quarter ended March 31, 2023 results: revenue $77.6 million, net income ($4,210), EPS ($0.20).","evidence_excerpt":"· Direct written premiums of $90.6 million, up 19.9%, driven by Non-Standard Auto up 52.0%, Commercial up 19.9% and Private Passenger Auto up 10.7% · Net earned premiums of $77.6 million, up 11.6% · Combined ratio of 112.2% versus 91.3%, driven by elevated loss severity and unfavorable prior year reserve development in Non-Standard Auto and Commercial · Net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1681206/000117494723000738/0001174947-23-000738-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$77.6 million"},{"label":"Net income","value":"($4,210)"},{"label":"EPS","value":"($0.20)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}