Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when NODK files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsNI Holdings swings to Q3 profit of $5.5M as combined ratio improves to 93.6%
Filed November 6, 2026 · Period ending November 6, 2026 · ~1 min read
Key Changes
-
high
Net income of $5.5M in Q3 2026 versus a $1.7M loss a year earlier, with basic EPS of $0.27 versus a loss of $0.08.
Exhibit 99.1 view on EDGAR → -
high
Combined ratio improved 15.5 points to 93.6%, driven by favorable prior-year reserve development in Non-Standard Auto and lower weather losses in Home and Farm.
Exhibit 99.1 view on EDGAR → -
medium
Gross premiums written fell 7.2% to $54.3M, reflecting the strategic exit from Non-Standard Auto and lower Private Passenger Auto premiums.
Exhibit 99.1 view on EDGAR → -
medium
Net investment income declined 10.7% to $2.7M due to a lower fixed income portfolio balance used to fund Non-Standard Auto operating cash needs.
Exhibit 99.1 view on EDGAR →
Summary
NI Holdings reported a strong third quarter, swinging to a net profit of $5.5 million from a $1.7 million loss a year ago. The improvement was driven by a 15.5-point improvement in the combined ratio to 93.6%, reflecting favorable prior-year reserve development in Non-Standard Auto and lower weather-related losses in Home and Farm. Basic earnings per share turned positive at $0.27 versus a loss of $0.08.
Gross premiums written declined 7.2% to $54.3 million, primarily due to the strategic exit from Non-Standard Auto and lower Private Passenger Auto premiums, partially offset by growth in All Other and Home and Farm. Net investment income fell 10.7% to $2.7 million as a lower fixed income portfolio balance funded operating cash needs in Non-Standard Auto.
The quarter shows a return to underwriting profitability and overall earnings, though the premium decline reflects ongoing portfolio repositioning. The filing contains no red flags or material concerns.
Section-by-Section Diff
Event · Exhibit 99.1
NI Holdings reports Q3 2026 net income of $5.5M vs a $1.7M loss a year ago, with combined ratio improving to 93.6%.
Added in current filing · view on EDGAR →
Gross premiums written | $54,346 | $58,586 | (7.2%)
Gross premiums written fell 7.2% year-over-year, primarily due to the strategic exit from the Non-Standard Auto segment and lower Private Passenger Auto premiums. These declines were partially offset by growth in All Other and Home and Farm.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify