NI Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 04:10 pm EDT
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NI Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 75.79 million compared to USD 83.21 million a year ago. Net loss was USD 45.91 million compared to USD 2.64 million a year ago. Basic loss per share from continuing operations was USD 2.15 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 2.15 compared to USD 0.12 a year ago.
For the six months, revenue was USD 141.93 million compared to USD 154.01 million a year ago. Net loss was USD 44 million compared to net income of USD 7.03 million a year ago. Basic loss per share from continuing operations was USD 2.06 compared to basic earnings per share from continuing operations of USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 2.06 compared to diluted earnings per share from continuing operations of USD 0.32 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.