NI Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:01 pm EDT
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NI Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 96.98 million compared to USD 75.79 million a year ago. Net loss was USD 8.12 million compared to USD 45.91 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 2.15 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 2.15 a year ago.
For the six months, revenue was USD 178.53 million compared to USD 141.93 million a year ago. Net loss was USD 12.33 million compared to USD 44 million a year ago. Basic loss per share from continuing operations was USD 0.58 compared to USD 2.06 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to USD 2.06 a year ago.
NI Holdings, Inc. is an insurance holding company. The Company is the stock holding company of Nodak Insurance Company (Nodak Insurance). Nodak Insurance is a domestic property and casualty insurance company. The Companyâs segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and all other. The private passenger auto insurance segment writes private passenger auto insurance to provide protection against liability for bodily injury and property damage arising from automobile accidents as well as protection against loss from damage to automobiles owned by the insured. The non-standard auto insurance segment writes non-standard auto insurance. The home and farm insurance segment writes homeowners and farmowners policies. The crop insurance segment offers crop hail and multi-peril crop insurance policies. The commercial insurance segment writes commercial multi-peril policies.