NI Holdings reports Q3 net loss $1.7M ($0.08/sh); direct premiums down 13.7% YoY

NI Holdings, Inc.

2025-Q3 EPS reported -$0.35 revenue$224,059,000

Direct written premiums $58.5M, down 13.7% YoY; Non-Standard Auto down 80% due to strategic exit in IL, AZ, SD.
Combined ratio improved slightly to 109.1% from 111.0%, but still elevated; adverse prior-year development contributed 11.2 pts.
Net loss attributable to NI Holdings of $1.7M vs $2.7M loss in Q3 2024; basic loss per share $(0.08).
Net investment income up 8.1% to $3.0M; net investment gains fell 43.5% to $1.4M.
CEO Cindy Launer noted strategic shift away from non-standard auto for stronger underwriting performance.

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