NI Holdings Swings to $5.528 Million Third-Quarter Profit as Combined Ratio Falls to 93.6%
NI Holdings, Inc. (NASDAQ: NODK), the Fargo, North Dakota-based insurance holding company, reported on November 6 a return to profit in the third quarter of 2026, with net income of $5.528 million, compared with a net loss of $1.666 million a year earlier. Gross premiums written fell 7.2% to $54.346 million as the company continued exiting its non-standard auto business and private passenger auto declined, while its home and farm lines performed strongly.
The combined ratio improved sharply to 93.6% from 109.1% a year earlier, helped by favourable prior-year development in non-standard auto. Basic earnings per share were $0.27, against a loss of $0.08 a year earlier. For the first nine months of 2026, net income was $18.182 million, or $0.87 per share, compared with a net loss of $7.257 million a year earlier.
(Source: Company)
Source: Company
Published by GSM · USA (original Chinese edition)
Photo: 图：北达科他州法戈市中心。作者：P. Hughes，CC BY 4.0，取自 Wikimedia Commons。 / Photo: Downtown Fargo, North Dakota. By P. Hughes. CC BY 4.0, via Wikimedia Commons.
