earnings
confidence high
sentiment positive
materiality 0.75
NI Holdings Q4 net income $6.6M ($0.32 EPS), full-year loss narrows to $0.26/sh
NI Holdings, Inc.
- Direct written premiums Q4 up 16.2% to $102.4M; full year up 7.4% to $418.4M.
- Q4 combined ratio improved 23.5 pts to 85.9%; full year improved 16.5 pts to 103.4%.
- Q4 net investment income $2.8M (Q4 2022: $2.5M); full year $10.5M vs $7.8M.
- Full-year net loss of $5.5M versus $53.1M in 2022, driven by improved underwriting.
- Repurchased 548,549 shares for $7.3M at avg price $13.15 in 2023.