NI Holdings Q1 EPS $0.60 vs $0.31; combined ratio improves to 79.7%

NI Holdings, Inc.

2026-Q1 EPS reported $0.60 revenue$59,602,000

Gross premiums written $57.5M, down 15.1% YoY, driven by exit from Non-Standard Auto.
Combined ratio improved to 79.7% from 94.4%, driven by Home & Farm and Private Passenger Auto.
Net income $12.5M, up 93.6%; basic EPS $0.60 vs $0.31 in prior year quarter.
Net investment income $2.7M, down 6.4% on lower average fixed income portfolio.
Growth in Home & Farm (+7.3%) and All Other (+60.0%) partially offset auto declines.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NI Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $57,512, net income $12,508, EPS $0.60.

Period: the quarter ended March 31, 2026
Revenue: $57,512
Net income: $12,508
EPS: $0.60
Result: reported results

Exact text from the filing

profitability and overall operating performance. Three Months Ended March 31, Dollars in thousands, except per share data (unaudited) 2026 2025 Change Gross premiums written $57,512 $67,766 (15.1%) Net premiums earned $55,113 $67,497 (18.3%) Loss and LAE ratio 42.4% 57.1% (14.7 pts) Expense ratio 37.3% 37.3% 0.0 pts Combined ratio 79.7% 94.4% (14.7 pts) Net

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Source: SEC EDGAR

accession 0001174947-26-000571

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