[8-K] NI Holdings, Inc. Reports Material Event
NI Holdings reported results for the quarter ended June 30, 2025. Direct written premiums fell to $109.5 million from $118.5 million (down 7.6%), driven by a strategic reduction in Non-Standard Auto while Home and Farm grew 8.1% on higher rates and new business. Net earned premiums declined to $73.0 million (down 14.3%).
The underwriting combined ratio rose to 125.1% from 113.7%, largely due to unfavorable prior-year liability development in Non-Standard Auto and a significant North Dakota catastrophe that, after reinsurance effects, is reported as a $20.0 million net pre-tax catastrophe loss and increased the quarter loss and LAE ratio by 30.2 percentage points. Net investment income improved 40.8% to $2.7 million. Basic loss per share was ($0.57) on continuing operations versus ($0.36) a year earlier. Management highlighted favorable underwriting results in South Dakota and Nebraska and reiterated confidence in the company鈥檚 core operations.
NI Holdings ha comunicato i risultati del trimestre chiuso il 30 giugno 2025. I premi diretti contabilizzati sono scesi a $109.5 million da $118.5 million (down 7.6%), a seguito di una riduzione strategica del segmento Auto non standard, mentre i rami Abitazione e Agricoltura sono cresciuti dell'8.1% grazie a tariffe pi霉 alte e nuovo portafoglio. I premi netti guadagnati sono diminuiti a $73.0 million (down 14.3%).
Il combined ratio di sottoscrizione 猫 salito a 125.1% da 113.7%, principalmente per uno sviluppo sfavorevole delle passivit脿 relative ad anni precedenti nel segmento Auto non standard e per una significativa catastrofe nel North Dakota che, dopo effetti di riassicurazione, 猫 stata riportata come una perdita catastrofale netta ante imposte di $20.0 million e ha aumentato il rapporto perdite e spese per sinistri del trimestre di 30.2 punti percentuali. Il reddito netto da investimenti 猫 migliorato del 40.8%, a $2.7 million. La perdita base per azione 猫 stata di ($0.57) sulle operazioni continue rispetto a ($0.36) dell'anno precedente. La direzione ha sottolineato risultati di sottoscrizione favorevoli in South Dakota e Nebraska e ha ribadito fiducia nelle attivit脿 core della societ脿.
NI Holdings inform贸 resultados del trimestre cerrado el 30 de junio de 2025. Las primas directas suscritas cayeron a $109.5 million desde $118.5 million (down 7.6%), impulsadas por una reducci贸n estrat茅gica en el segmento de Auto no est谩ndar, mientras que Hogar y Agr铆cola crecieron un 8.1% por mayores tarifas y nuevo negocio. Las primas netas devengadas disminuyeron a $73.0 million (down 14.3%).
El ratio combinado de suscripci贸n subi贸 a 125.1% desde 113.7%, principalmente debido a una evoluci贸n desfavorable de pasivos de a帽os anteriores en Auto no est谩ndar y a una importante cat谩strofe en Dakota del Norte que, tras efectos de reaseguro, se reporta como una p茅rdida catastr贸fica neta antes de impuestos de $20.0 million y aument贸 el ratio de p茅rdidas y gastos por siniestros del trimestre en 30.2 puntos porcentuales. El ingreso neto por inversiones mejor贸 un 40.8%, hasta $2.7 million. La p茅rdida b谩sica por acci贸n fue de ($0.57) en operaciones continuas frente a ($0.36) un a帽o antes. La direcci贸n destac贸 resultados de suscripci贸n favorables en South Dakota y Nebraska y reafirm贸 su confianza en las operaciones principales de la compa帽铆a.
NI Holdings電� 2025雲� 6鞗� 30鞚茧 雭濍倶電� 攵勱赴鞚� 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 歆侅爲 鞚胳垬 氤错棙耄岆姅 $109.5 million搿� $118.5 million鞐愳劀(down 7.6%) 臧愳唽頄堨溂氅�, 鞚措姅 牍勴憸欷� 鞛愲彊彀炒項�(Non-Standard Auto)鞚� 鞝勲灥鞝� 於曥唽鞐� 霐半ジ 瓴冹瀰雼堧嫟. 氚橂┐ 欤柬儩 氚� 雴嶌梾 攵�氍胳潃 鞖旍湪 鞚胳儊瓿� 鞁犼窚 瓿勳暯鞙茧 8.1% 靹膘灔頄堨姷雼堧嫟. 靾� 旆笁氤错棙耄岆姅 $73.0 million(down 14.3%)搿� 欷勳棃鞀惦媹雼�.
鞚胳垬 甏�霠� 頃╈偘牍勳湪(Combined Ratio)鞚� 125.1%搿� 113.7%鞐愳劀 靸侅姽頄堧姅雿�, 欤茧 牍勴憸欷� 鞛愲彊彀炒項橃潣 鞝勲厔 靻愳嫟鞝勱皽 鞎呿檾鞕� 雲胳姢雼れ綌韮�鞚� 雽�順� 鞛暣 霑岆鞛呺媹雼�. 鞚� 鞛暣電� 鞛炒項� 須臣 頉� 靹胳爠 靾� 鞛暣靻愳嫟 $20.0 million鞙茧 瓿勳儊霅橃棃鞙茧┌, 攵勱赴 靻愴暣 氚� 靻愴暣臁办爼牍�(LAE) 牍勳湪鞚� 30.2 韻检劶韸疙彫鞚疙姼 雴掛榾鞀惦媹雼�. 靾滍埇鞛愳垬鞚奠潃 40.8% 歃濌皜顷橃棳 $2.7 million鞚挫棃鞀惦媹雼�. 瓿勳啀靷梾 旮办 旮半掣 欤茧嫻靻愳嫟鞚� ($0.57)鞙茧 鞝勲厔鞚� ($0.36)氤措嫟 鞎呿檾霅橃棃鞀惦媹雼�. 瓴届榿歆勳潃 South Dakota鞕� Nebraska鞐愳劀鞚� 鞖绊樃鞝� 鞏鸽崝霛检澊韺� 鞁れ爜鞚� 臧曥“頃橂┌ 須岇偓 頃奠嫭 靷梾鞐� 雽�頃� 鞁犽毳� 鞛檿鞚疙枅鞀惦媹雼�.
NI Holdings a publi茅 ses r茅sultats pour le trimestre clos le 30 juin 2025. Les primes directes souscrites ont diminu茅 脿 $109.5 million contre $118.5 million (down 7.6%), en raison d'une r茅duction strat茅gique de l'activit茅 Auto non standard, tandis que les segments Habitation et Exploitation agricole ont progress茅 de 8.1% gr芒ce 脿 des tarifs plus 茅lev茅s et de nouvelles affaires. Les primes nettes acquises ont recul茅 脿 $73.0 million (down 14.3%).
Le ratio combin茅 a augment茅 脿 125.1% contre 113.7%, principalement en raison d'une 茅volution d茅favorable des passifs d'exercices ant茅rieurs dans l'Auto non standard et d'une catastrophe importante dans le Dakota du Nord qui, apr猫s effets de r茅assurance, est comptabilis茅e comme une perte catastrophique nette avant imp么ts de $20.0 million et a augment茅 le ratio sinistres et frais du trimestre de 30.2 points de pourcentage. Les produits nets de placements ont progress茅 de 40.8%, 脿 $2.7 million. La perte de base par action s'茅tablit 脿 ($0.57) sur les activit茅s poursuivies contre ($0.36) un an plus t么t. La direction a soulign茅 des r茅sultats de souscription favorables dans le South Dakota et le Nebraska et a r茅affirm茅 sa confiance dans les activit茅s principales du groupe.
NI Holdings meldete Ergebnisse f眉r das Quartal zum 30. Juni 2025. Die direkt gezeichneten Pr盲mien sanken auf $109.5 million von $118.5 million (down 7.6%), bedingt durch eine strategische Reduzierung im Bereich Non鈥慡tandard鈥慉uto, w盲hrend Haus鈥� und Landwirtschaftssparten um 8.1% zulegten aufgrund h枚herer Tarife und Neugesch盲ft. Die netto verdienten Pr盲mien fielen auf $73.0 million (down 14.3%).
Die Combined Ratio stieg auf 125.1% von 113.7%, haupts盲chlich aufgrund ung眉nstiger Vorjahresentwicklungen bei R眉ckstellungen im Bereich Non鈥慡tandard鈥慉uto und einer erheblichen Katastrophe in North Dakota, die nach R眉ckversicherungswirkungen als vor Steuern ausgewiesener Netto鈥慘atastrophenverlust von $20.0 million verbucht wird und die Schadens鈥� und LAE鈥慟uote des Quartals um 30.2 Prozentpunkte erh枚hte. Das Nettoanlageergebnis verbesserte sich um 40.8% auf $2.7 million. Der grundlegende Verlust je Aktie aus fortgef眉hrten Gesch盲ftsbereichen betrug ($0.57) 驳别驳别苍眉产别谤 ($0.36) ein Jahr zuvor. Das Management hob g眉nstige Underwriting鈥慐rgebnisse in South Dakota und Nebraska hervor und bekr盲ftigte sein Vertrauen in das Kerngesch盲ft des Unternehmens.
- Net investment income increased 40.8% to $2.7 million, driven by higher reinvestment rates and higher net realized gains.
- Net loss attributable to NI Holdings improved to $(12,051) thousand from $(19,622) thousand (38.6% improvement) for the three-month period.
- Underwriting changes and geographic diversification produced favorable results in South Dakota and Nebraska, according to management commentary.
- Combined ratio deteriorated to 125.1% from 113.7%, a worsening of 11.4 percentage points, indicating underwriting losses.
- Total pre-tax catastrophe losses, net of reinsurance, were $20.0 million, which increased the quarter loss and LAE ratio by 30.2 percentage points and exceeded the company鈥檚 $20M reinsurance retention.
- Direct written premiums declined 7.6% to $109.5 million, driven by a 56.4% reduction in Non-Standard Auto, reducing scale in that line and lowering net earned premiums.
Insights
TL;DR: Q2 showed meaningful underwriting stress from a $20M net catastrophe and reserve deterioration; investment income helped but did not offset losses.
The quarter reflects acute underwriting pressure: direct written premiums fell 7.6% as management deliberately scaled back Non-Standard Auto, while the combined ratio widened to 125.1% driven by prior-year liability development and a material North Dakota catastrophe. Although net loss attributable improved year-over-year in absolute terms, continuing operations worsened and basic loss per share on continuing operations increased to ($0.57). The 40.8% jump in investment income to $2.7 million partially offset underwriting weakness but is insufficient to restore underwriting profitability. This is a materially negative operating quarter for insurers focused on underwriting discipline.
TL;DR: A severe regional catastrophe and adverse reserve development in Non-Standard Auto produced a large spike in loss ratios, revealing product and geographic risk concentration.
The reported $20.0 million net pre-tax catastrophe loss, which exceeded the company鈥檚 $20M reinsurance retention, and the substantial unfavorable development in Non-Standard Auto liability reserves drove a 30.2 point quarterly increase in the loss and LAE ratio. Management鈥檚 prior actions to shrink Non-Standard Auto reduced premium volume (Non-Standard Auto down 56.4%), which lowers near-term growth but can improve long-term risk selection if executed carefully. Reinsurance exhaustion on the event and elevated combined ratio indicate the need to reassess reinsurance pricing and retention strategy.
NI Holdings ha comunicato i risultati del trimestre chiuso il 30 giugno 2025. I premi diretti contabilizzati sono scesi a $109.5 million da $118.5 million (down 7.6%), a seguito di una riduzione strategica del segmento Auto non standard, mentre i rami Abitazione e Agricoltura sono cresciuti dell'8.1% grazie a tariffe pi霉 alte e nuovo portafoglio. I premi netti guadagnati sono diminuiti a $73.0 million (down 14.3%).
Il combined ratio di sottoscrizione 猫 salito a 125.1% da 113.7%, principalmente per uno sviluppo sfavorevole delle passivit脿 relative ad anni precedenti nel segmento Auto non standard e per una significativa catastrofe nel North Dakota che, dopo effetti di riassicurazione, 猫 stata riportata come una perdita catastrofale netta ante imposte di $20.0 million e ha aumentato il rapporto perdite e spese per sinistri del trimestre di 30.2 punti percentuali. Il reddito netto da investimenti 猫 migliorato del 40.8%, a $2.7 million. La perdita base per azione 猫 stata di ($0.57) sulle operazioni continue rispetto a ($0.36) dell'anno precedente. La direzione ha sottolineato risultati di sottoscrizione favorevoli in South Dakota e Nebraska e ha ribadito fiducia nelle attivit脿 core della societ脿.
NI Holdings inform贸 resultados del trimestre cerrado el 30 de junio de 2025. Las primas directas suscritas cayeron a $109.5 million desde $118.5 million (down 7.6%), impulsadas por una reducci贸n estrat茅gica en el segmento de Auto no est谩ndar, mientras que Hogar y Agr铆cola crecieron un 8.1% por mayores tarifas y nuevo negocio. Las primas netas devengadas disminuyeron a $73.0 million (down 14.3%).
El ratio combinado de suscripci贸n subi贸 a 125.1% desde 113.7%, principalmente debido a una evoluci贸n desfavorable de pasivos de a帽os anteriores en Auto no est谩ndar y a una importante cat谩strofe en Dakota del Norte que, tras efectos de reaseguro, se reporta como una p茅rdida catastr贸fica neta antes de impuestos de $20.0 million y aument贸 el ratio de p茅rdidas y gastos por siniestros del trimestre en 30.2 puntos porcentuales. El ingreso neto por inversiones mejor贸 un 40.8%, hasta $2.7 million. La p茅rdida b谩sica por acci贸n fue de ($0.57) en operaciones continuas frente a ($0.36) un a帽o antes. La direcci贸n destac贸 resultados de suscripci贸n favorables en South Dakota y Nebraska y reafirm贸 su confianza en las operaciones principales de la compa帽铆a.
NI Holdings電� 2025雲� 6鞗� 30鞚茧 雭濍倶電� 攵勱赴鞚� 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 歆侅爲 鞚胳垬 氤错棙耄岆姅 $109.5 million搿� $118.5 million鞐愳劀(down 7.6%) 臧愳唽頄堨溂氅�, 鞚措姅 牍勴憸欷� 鞛愲彊彀炒項�(Non-Standard Auto)鞚� 鞝勲灥鞝� 於曥唽鞐� 霐半ジ 瓴冹瀰雼堧嫟. 氚橂┐ 欤柬儩 氚� 雴嶌梾 攵�氍胳潃 鞖旍湪 鞚胳儊瓿� 鞁犼窚 瓿勳暯鞙茧 8.1% 靹膘灔頄堨姷雼堧嫟. 靾� 旆笁氤错棙耄岆姅 $73.0 million(down 14.3%)搿� 欷勳棃鞀惦媹雼�.
鞚胳垬 甏�霠� 頃╈偘牍勳湪(Combined Ratio)鞚� 125.1%搿� 113.7%鞐愳劀 靸侅姽頄堧姅雿�, 欤茧 牍勴憸欷� 鞛愲彊彀炒項橃潣 鞝勲厔 靻愳嫟鞝勱皽 鞎呿檾鞕� 雲胳姢雼れ綌韮�鞚� 雽�順� 鞛暣 霑岆鞛呺媹雼�. 鞚� 鞛暣電� 鞛炒項� 須臣 頉� 靹胳爠 靾� 鞛暣靻愳嫟 $20.0 million鞙茧 瓿勳儊霅橃棃鞙茧┌, 攵勱赴 靻愴暣 氚� 靻愴暣臁办爼牍�(LAE) 牍勳湪鞚� 30.2 韻检劶韸疙彫鞚疙姼 雴掛榾鞀惦媹雼�. 靾滍埇鞛愳垬鞚奠潃 40.8% 歃濌皜顷橃棳 $2.7 million鞚挫棃鞀惦媹雼�. 瓿勳啀靷梾 旮办 旮半掣 欤茧嫻靻愳嫟鞚� ($0.57)鞙茧 鞝勲厔鞚� ($0.36)氤措嫟 鞎呿檾霅橃棃鞀惦媹雼�. 瓴届榿歆勳潃 South Dakota鞕� Nebraska鞐愳劀鞚� 鞖绊樃鞝� 鞏鸽崝霛检澊韺� 鞁れ爜鞚� 臧曥“頃橂┌ 須岇偓 頃奠嫭 靷梾鞐� 雽�頃� 鞁犽毳� 鞛檿鞚疙枅鞀惦媹雼�.
NI Holdings a publi茅 ses r茅sultats pour le trimestre clos le 30 juin 2025. Les primes directes souscrites ont diminu茅 脿 $109.5 million contre $118.5 million (down 7.6%), en raison d'une r茅duction strat茅gique de l'activit茅 Auto non standard, tandis que les segments Habitation et Exploitation agricole ont progress茅 de 8.1% gr芒ce 脿 des tarifs plus 茅lev茅s et de nouvelles affaires. Les primes nettes acquises ont recul茅 脿 $73.0 million (down 14.3%).
Le ratio combin茅 a augment茅 脿 125.1% contre 113.7%, principalement en raison d'une 茅volution d茅favorable des passifs d'exercices ant茅rieurs dans l'Auto non standard et d'une catastrophe importante dans le Dakota du Nord qui, apr猫s effets de r茅assurance, est comptabilis茅e comme une perte catastrophique nette avant imp么ts de $20.0 million et a augment茅 le ratio sinistres et frais du trimestre de 30.2 points de pourcentage. Les produits nets de placements ont progress茅 de 40.8%, 脿 $2.7 million. La perte de base par action s'茅tablit 脿 ($0.57) sur les activit茅s poursuivies contre ($0.36) un an plus t么t. La direction a soulign茅 des r茅sultats de souscription favorables dans le South Dakota et le Nebraska et a r茅affirm茅 sa confiance dans les activit茅s principales du groupe.
NI Holdings meldete Ergebnisse f眉r das Quartal zum 30. Juni 2025. Die direkt gezeichneten Pr盲mien sanken auf $109.5 million von $118.5 million (down 7.6%), bedingt durch eine strategische Reduzierung im Bereich Non鈥慡tandard鈥慉uto, w盲hrend Haus鈥� und Landwirtschaftssparten um 8.1% zulegten aufgrund h枚herer Tarife und Neugesch盲ft. Die netto verdienten Pr盲mien fielen auf $73.0 million (down 14.3%).
Die Combined Ratio stieg auf 125.1% von 113.7%, haupts盲chlich aufgrund ung眉nstiger Vorjahresentwicklungen bei R眉ckstellungen im Bereich Non鈥慡tandard鈥慉uto und einer erheblichen Katastrophe in North Dakota, die nach R眉ckversicherungswirkungen als vor Steuern ausgewiesener Netto鈥慘atastrophenverlust von $20.0 million verbucht wird und die Schadens鈥� und LAE鈥慟uote des Quartals um 30.2 Prozentpunkte erh枚hte. Das Nettoanlageergebnis verbesserte sich um 40.8% auf $2.7 million. Der grundlegende Verlust je Aktie aus fortgef眉hrten Gesch盲ftsbereichen betrug ($0.57) 驳别驳别苍眉产别谤 ($0.36) ein Jahr zuvor. Das Management hob g眉nstige Underwriting鈥慐rgebnisse in South Dakota und Nebraska hervor und bekr盲ftigte sein Vertrauen in das Kerngesch盲ft des Unternehmens.
NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2025
FARGO, North Dakota, August 8, 2025 – NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2025.
Summary of Second Quarter 2025 Results – Continuing Operations
(All comparisons vs. continuing operations for the second quarter of 2024, unless noted otherwise)
| · | Direct written premiums of $109.5 million compared to $118.5 million. This reduction was driven by Non-Standard Auto (-56.4%) due to the continued impact of the strategic decision to significantly decrease our Non-Standard Auto premiums, partially offset by Home and Farm (8.1%) driven by higher rate and insured values along with new business growth in North Dakota. |
| · | Combined ratio of 125.1% versus 113.7%, primarily driven by higher unfavorable development of liability loss claims in Non-Standard Auto, decreased net earned premiums in Non-Standard Auto and a significant catastrophe event in North Dakota that exceeded the Company’s $20M reinsurance retention. |
| · | Total pre-tax catastrophe losses, net of reinsurance, of $20.0 million for the quarter and year-to-date, which adversely impacted the second quarter and year-to-date loss and loss adjustment expense ratios by 30.2 and 15.7 percentage points, respectively. |
| · | Net investment income increased 40.8% to $2.7 million, primarily driven by higher reinvestment rates in our fixed income portfolio and higher net realized gains. |
| · | Basic loss per share of ($0.57) compared to ($0.36). |
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||
|
Dollars in thousands, except per share data (unaudited) |
2025 | 2024 | Change | 2025 | 2024 | Change | ||
| Direct written premiums | $109,519 | $118,472 | (7.6%) | $177,247 | $201.513 | (12.0%) | ||
| Net earned premiums | $73,005 | $85,169 | (14.3%) | $140,502 | $155,053 | (9.4%) | ||
| Loss and LAE ratio | 91.2% | 81.4% | 9.8 pts | 74.8% | 70.6% | 4.2 pts | ||
| Expense ratio | 33.9% | 32.3% | 1.6 pts | 35.5% | 34.2% | 1.3 pts | ||
| Combined ratio | 125.1% | 113.7% | 11.4 pts | 110.3% | 104.8% | 5.5 pts | ||
| Net loss attributable to NI Holdings | $(12,051) | $(19,622) | (38.6%) | $(5,591) | $(13,203) | (57.7%) | ||
| Continuing operations | $(12,051) | $(7,478) | 61.2% | $(5,591) | $(543) | NM | ||
| Discontinued operations | - | $(996) | NM | - | $(1,512) | NM | ||
| Loss on sale of discontinued operations | - | $(11,148) | NM | - | $(11,148) | NM | ||
| Return on average equity | (19.4%) | (12.8%) | (6.6) pts | (4.6%) | (0.5%) | (4.1) pts | ||
| Basic loss per share | $(0.57) | $(0.94) | (39.4%) | $(0.27) | $(0.63) | (57.1%) | ||
| Continuing operations | $(0.57) | $(0.36) | 58.3% | $(0.27) | $(0.03) | NM | ||
| NM = not meaningful | ||||||||
Management Commentary
“I want to begin by acknowledging the impact the recent historic storms have had on our North Dakota communities,” said Seth Daggett, President and Chief Executive Officer. “We are committed to continuing to provide support to help our insureds navigate these difficult times, and together, we will rebuild stronger and move forward. Turning to results, the second quarter was negatively impacted by the catastrophe event in North Dakota, primarily in Home and Farm, offset by favorable weather conditions in South Dakota and Nebraska. The favorable results in South Dakota and Nebraska demonstrate the impact of underwriting changes and geographic diversification we have undertaken in recent years, and we continue to be pleased with the results of those actions.
Our high-quality investment portfolio continued to provide positive returns, benefiting from the higher reinvestment rates in our fixed income portfolio. Although we faced a challenging quarter, including further unfavorable prior year reserve development in Non-Standard Auto, we remain confident in the strength of our core business and our ability to provide appropriate returns over time.”
Securities and Exchange Commission (SEC) Filings
The Company’s Quarterly Report on Form 10-Q and latest financial supplement can be found on the Company’s website at www.niholdingsinc.com. The Company’s filings with the SEC can also be found at www.sec.gov.
About the Company
NI Holdings, Inc. is an insurance holding company. The Company is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance Company were issued to Nodak Mutual Group, Inc., which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance Company then became a wholly-owned stock subsidiary of NI Holdings. NI Holdings’ financial statements are the consolidated financial results of NI Holdings; Nodak Insurance, including Nodak’s wholly-owned subsidiaries American West Insurance Company, Primero Insurance Company, and Battle Creek Insurance Company; Direct Auto Insurance Company; and Westminster Insurance Company until the date of sale.
Safe Harbor Statement
Some of the statements included in this news release, particularly those anticipating future financial performance, including investment performance and yields, business prospects, growth and operating strategies, the impact of underwriting changes and other strategic actions on operating results, our plans to increase investments in people and technology, enhance distribution management efforts, and focus on expense management initiatives, our ability to generate consistent profitable growth and create lasting value for our shareholders, and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual results could vary materially. Factors that could cause actual results to vary materially include: our ability to maintain profitable operations, the adequacy of the loss and loss adjustment expense reserves, business and economic conditions, the changes in the international trade policies and the potential impact of such changes, interest rates, competition from various insurance and other financial businesses, terrorism, the availability and cost of reinsurance, adverse and catastrophic weather events, including the impacts of climate change, legal and judicial developments, changes in regulatory requirements, our ability to integrate and manage successfully the insurance companies we may acquire from time to time, the impact of inflation on our operating results, and other risks we describe in the periodic reports we file with the SEC. You should not place undue reliance on any such forward-looking statements. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to our Annual Report on Form 10-K, as filed with the SEC.
Investor Relations Contact:
Matt Maki
Executive Vice President, Treasurer and Chief Financial Officer
701-212-5976
[email protected]
Source:
FAQ
What were NI Holdings (NODK) direct written premiums in Q2 2025?
Why did NI Holdings' combined ratio worsen in Q2 2025?
How large was the catastrophe loss and what was the impact?
Did NI Holdings report investment income growth in Q2 2025?
What was NI Holdings' basic loss per share for the quarter?
How did management describe regional performance and strategy?
