NI Holdings Swings to $5.528 Million Third-Quarter Profit as Combined Ratio Falls to 93.6%
FARGO, N.D. — NI Holdings, Inc., the Fargo-based insurance holding company, on November 6 reported results for the third quarter of 2026 ended September 30, swinging to a net profit of $5.528 million from a net loss of $1.666 million a year earlier. Gross premiums written fell 7.2% to $54.346 million, mainly as the company continued to exit non-standard auto insurance and private passenger auto declined, while its home and farm business performed strongly.
The combined ratio improved sharply to 93.6% from 109.1% a year earlier. Basic earnings per share were $0.27, compared with a loss of $0.08 per share a year earlier. Net investment income fell 10.7% to $2.7 million. President and CEO Cindy Launer said underwriting results improved significantly in the quarter, the company's North Dakota home and farm business performed strongly, and the exit from non-standard auto is progressing steadily.
Source: Company
Published by GSM · USA (original Chinese edition)
Photo: 北达科他州法戈市中心（Wikimedia Commons，CC BY 4.0）
