---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-001143"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:40:07.430541+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NI Holdings Q2 net loss $12.1M; combined ratio 125.1% on catastrophic storm losses

## Summary
- Direct written premiums fell 7.6% to $109.5M; Non-Standard Auto down 56.4% per strategic pullback.
- Combined ratio worsened to 125.1% from 113.7%; $20M pre-tax catastrophe losses from ND storm.
- Net loss from continuing ops $12.1M ($0.57 basic loss per share) vs $7.5M loss a year ago.
- Net investment income rose 40.8% to $2.7M on higher reinvestment rates and realized gains.
- Home and Farm premiums up 8.1% on rate increases and new business in North Dakota.

## SEC filing metadata
- accession: 0001174947-25-001143
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494725001143/0001174947-25-001143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494725001143/ex99-1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-001143
- JSON: https://secwatch.observer/filing/0001174947-25-001143.json
- Plain text: https://secwatch.observer/filing/0001174947-25-001143.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.