secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001174947-26-000307
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NI Holdings reports Q4 loss $0.15/sh; combined ratio 109.6% on reserve strengthening
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- Direct written premiums fell 26% to $54.1M in Q4; full year down 15.3% to $289.8M.
- Combined ratio 109.6% in Q4 (+29.6 pts), 109.9% FY 2025, on non-standard auto reserve strengthening.
- Net loss of $3.2M in Q4 vs. income $9.8M prior year; full year net loss $10.4M, loss per share $0.50.
- Strategic exit of Non-Standard Auto in IL, AZ, SD; historic ND Q2 catastrophe impacted Home and Farm segment.
- Net investment income up 6.9% to $11.7M for full year; core lines remained solid per management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494726000307/0001174947-26-000307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494726000307/form8k-35374_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000307

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