NI Holdings Q2 net loss narrows to $0.38/sh; combined ratio 114%

NI Holdings, Inc.

2023-Q2 EPS reported -$0.58 revenue$178,532,000

Net loss attributable to NI Holdings of $8.1M vs $45.9M loss in Q2 2022; loss per share $0.38 vs $2.15.
Combined ratio improved to 114.0% from 159.6% due to lower weather losses, partly offset by elevated loss costs and inflation.
Net earned premiums up 11.4% to $94.2M; direct written premiums flat at $144.3M.
Net investment income rose to $2.5M from $2.0M; net investment loss of $0.2M vs $11.1M loss.
Repurchased 192,065 shares at avg $13.55 for $2.6M.

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 0.9

NI Holdings, Inc. reported financial results for quarter ended June 30, 2023.

Period: quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, the Company issued a press release announcing its financial results for the quarter ended June 30, 2023.

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NI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001174947-23-000991

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