secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001174947-24-000979
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NI Holdings Q2 net loss of $16.2M; combined ratio 113.7%; closed sale of Westminster
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- Basic loss per share from continuing ops ($0.36) vs ($0.12) YoY; net loss $16.2M vs $8.1M.
- Combined ratio 113.7% (107.1% prior year) on weather losses and unfavorable reserve development.
- Direct written premiums down 2.6% to $118.5M; Non-Standard Auto grew 26.4%, Home & Farm up 11.5%.
- Closed sale of Westminster American Insurance, one-time after-tax loss of $7.8M.
- Net investment income rose 31.2% to $2.5M on higher reinvestment rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494724000979/0001174947-24-000979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494724000979/form8k-32669_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-000979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer