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AI brief of an SEC Form 8-K · NI Holdings, Inc. (NODK)

NI Holdings Q1 net income rises 93.6% to $12.5 million as premiums fall 15.1%

Mixed Impact 3 of 5 earnings Written later

NI Holdings reported first-quarter 2026 results, with net income of $12.5 million and basic earnings per share of $0.60, up from $6.5 million and $0.31 a year earlier. Gross premiums written fell 15.1% to $57.5 million as the company exited Non-Standard Auto, so profit rose while the top line shrank.

Key points

  • Net income was $12.5 million, up 93.6% from $6.5 million in the first quarter of 2025.
  • Basic earnings per share were $0.60, compared with $0.31 a year earlier.
  • Gross premiums written fell 15.1% to $57.5 million, driven by a 99.8% drop in Non-Standard Auto.
  • Combined ratio improved to 79.7% from 94.4%, and net investment income fell 6.4% to $2.7 million.

The filing

CompanyNI Holdings, Inc. (NODK)
Form8-K, current report
Filed with the SECMay 8, 2026, 4:07 PM ET
Accession number0001174947-26-000571

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.