NI Holdings Q1 net income rises to $12.51 million; net premiums earned fall 18.3% to $55.11 million

• NI Holdings posted net income of $12.51 million, up from $6.46 million a year earlier, with earnings of $0.60 per share on both a basic and diluted basis.
• Net premiums earned fell 18.3% to $55.11 million, driven by an 85.7% drop in Non-Standard Auto to $2.6 million as the company ran off business after stopping new writings in Illinois, Arizona, and South Dakota.
• Underwriting gain climbed to $11.22 million from $3.81 million, while combined ratio improved 14.7 percentage points to 79.7%.
• Net favorable prior-year reserve development totaled $4.05 million, while net investment gains rose to $1.7 million from $869,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NI Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001174947-26-000570), on May 08, 2026, and is solely responsible for the information contained therein.