NI Holdings Q1 net income more than doubled to $12.51 million; combined ratio narrows 14.7 pts to 79.7%

NI Holdings, Inc.

NI Holdings, Inc.

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  • NI Holdings posted net income of $12.51 million for first-quarter 2026, up 93.6%, with basic EPS rising to $0.60.
  • Gross premiums written fell 15.1% to $57.51 million, reflecting a strategic exit from Non-Standard Auto in Illinois, Arizona and South Dakota.
  • Combined ratio improved 14.7 percentage points to 79.7%, while net investment income slipped 6.4% to $2.66 million.
  • CEO Cindy Launer cited disciplined underwriting across Private Passenger Auto, Home and Farm, and All Other, with favorable prior-year reserve development supporting underwriting profitability.


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