---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-001357"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:05:23.602706+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174947-25-001357
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494725001357/0001174947-25-001357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494725001357/form8k-34845_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-001357
- JSON: https://secwatch.observer/filing/0001174947-25-001357.json
- Plain text: https://secwatch.observer/filing/0001174947-25-001357.txt

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