NI Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:09 pm EST
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NI Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 92.75 million compared to USD 89.18 million a year ago. Net income was USD 0.231 million compared to net loss of USD 9.99 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.47 a year ago.
For the nine months, revenue was USD 271.28 million compared to USD 231.11 million a year ago. Net loss was USD 12.1 million compared to USD 53.99 million a year ago. Basic loss per share from continuing operations was USD 0.57 compared to USD 2.53 a year ago. Diluted loss per share from continuing operations was USD 0.57 compared to USD 2.53 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.