NI Holdings Reports Q2 Earnings: Net Investment Income Up 40.8%, Basic Loss per Share $0.57

NI Holdings reported Q2 results with a basic loss per share of $0.57. Net investment income increased 40.8% to $2.7 million. Direct written premiums were $109.5 million. The company's press release can be found on the NASDAQ website under the ticker symbol NODK.

NI Holdings, Inc. (NASDAQ: NODK) reported its second-quarter 2025 results, with a basic loss per share of $0.57. The company faced significant challenges, including a decline in direct written premiums to $109.5 million, down 7.6% from the same period last year. The decrease was primarily driven by a strategic reduction in the Non-Standard Auto segment, which fell by 56.4%. This was partially offset by growth in the Home and Farm segment, which increased by 8.1% [1].

The company's combined ratio deteriorated to 125.1%, up from 113.7% in Q2 2024, indicating that the company is paying out $1.25 in claims and expenses for every premium dollar. This was exacerbated by catastrophic losses of $20.0 million from severe storms in North Dakota [1].

Despite these challenges, NI Holdings reported a net loss of ($12.1 million) for the quarter, which was primarily driven by the increased expenses and losses. However, the company's net investment income showed strength, increasing 40.8% to $2.7 million, due to higher reinvestment rates in the fixed income portfolio [1].

The company's press release can be found on the NASDAQ website under the ticker symbol NODK.

References:
[1] https://www.marketscreener.com/news/ni-holdings-q2-premiums-fall-ce7c5edddc80f224
[2] https://www.marketscreener.com/quote/stock/NI-HOLDINGS-INC-34294516/
[3] https://www.stocktitan.net/news/NODK/ni-holdings-inc-reports-results-for-second-quarter-ended-june-30-zlbb51s7b068.html