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

NI Holdings swings to Q2 profit of $146,000 as combined ratio improves to 107.7%

Mixed Impact 3 of 5 earnings Written later

NI Holdings reported second-quarter 2026 net income of $146,000, or $0.01 per basic share, compared with a net loss of $12.1 million a year earlier. Gross premiums written fell 4.1% to $107.2 million, and net premiums earned dropped 10.9% to $65.0 million, as the company exits most of its Non-Standard Auto business. The combined ratio improved to 107.7% from 125.1%, mainly on lower catastrophe losses and favorable prior-year reserve development, so shareholders see a return to a small quarterly profit on lower premium volume.

Key points

  • Q2 2026 net income of $146,000 and basic EPS of $0.01, versus a net loss of $12.1 million and basic loss per share of $(0.57) in Q2 2025
  • Gross premiums written of $107.2 million, down 4.1%; Non-Standard Auto fell 98.9% as the company exits most of the segment
  • Combined ratio of 107.7% versus 125.1%; pre-tax catastrophe loss of $15.0 million for the quarter
  • Six-month net income of $12.7 million and basic EPS of $0.61 for the period ended June 30, 2026

The filing

CompanyNI Holdings, Inc. (NODK)
Form8-K, current report
Filed with the SECAug 7, 2026, 4:07 PM ET
Accession number0001174947-26-000778

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 August 07, 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.