NODK - Earnings announcements

FARGO, N.D., July 22, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today pre-tax catastrophe losses of approximately $49 million, net of reinsurance, for the three months ended June 30, 2022. Losses were primarily in the Home/Farm and Private Passenger Auto segments driven by multiple severe storms in South Dakota and Nebraska. Michael J. Alexander, President and Chief Executive Officer, stated, "Our companies have consistently provided best-in-class underwriting while also identifying and executing growth opportunities. However, similar to the industry, we cannot predict the frequency or severity of storms across our geographical footprint. While there is still some

FARGO, N.D., May 06, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net income attributable to NI Holdings of $1.9 million ($0.09 per share) and return on average equity of 2.3% for the quarter ended March 31, 2022, compared to net income of $9.7 million ($0.45 per share) and return on average equity of 11.2% in the prior year quarter. Direct written premiums grew 4.3%, driven by our commercial and home and farm segments.Total underwriting gain increased 20.9% to $6.1 million, driven by increased year-over-year profitability in our home and farm segment.The return on average equity was 2.3% compared to 11.2% in the prior year quarter, due to a significant reduct

FARGO, N.D., March 09, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net income attributable to NI Holdings of $6.1 million ($0.29 per share) and return on average equity of 7.2% for the quarter ended December 31, 2021, compared to net income of $21.6 million ($1.01 per share) and return on average equity of 25.9% in the prior year quarter. For the year ended December 31, 2021, NI Holdings reported net income of $8.4 million ($0.39 per share) and return on average equity of 2.4%, compared to net income of $40.4 million ($1.86 per share) and return on average equity of 12.4% in the prior year. The Company reported an increase of 7.4% in direct written premiums fo

FARGO, N.D., Nov. 05, 2021 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net loss attributable to NI Holdings of $4.7 million (-$0.22 per share) and return on average equity of -5.5% for the quarter ended September 30, 2021, compared to net income of $3.7 million ($0.17 per share) and return on average equity of 4.6% in the prior year quarter. For the nine months ended September 30, 2021, NI Holdings reported net income of $2.3 million ($0.11 per share) and return on average equity of 0.9%, compared to net income of $18.8 million ($0.86 per share) and return on average equity of 8.0% in the prior year nine months. The Company reported an increase of 0.9% in d

FARGO, N.D., Aug. 04, 2021 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net loss attributable to NI Holdings of $2.644 million (-$0.12 per share) and return on average equity of -3.0% for the quarter ended June 30, 2021, compared to net income of $18.733 million ($0.86 per share) and return on average equity of 24.2% in the prior year quarter. For the six months ended June 30, 2021, NI Holdings reported net income of $7.025 million ($0.33 per share) and return on average equity of 4.1%, compared to net income of $15.146 million ($0.69 per share) and return on average equity of 9.7% in the prior year six months. The Company reported an increase of 11.4% in direct wri