---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-26-000571"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:08:12.185752+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174947-26-000571
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494726000571/0001174947-26-000571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494726000571/form8k-35852_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-26-000571
- JSON: https://secwatch.observer/filing/0001174947-26-000571.json
- Plain text: https://secwatch.observer/filing/0001174947-26-000571.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494726000571/0001174947-26-000571-index.htm

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