NI Holdings swings to Q3 net profit of $5.53 million
NODK•NI Holdings reported third-quarter 2026 net income of $5.53 million, compared with a loss a year earlier. Its combined ratio improved 15.5 percentage points to 93.6%, while gross premiums written fell 7% to $54.35 million.
1. Quarterly results
NI Holdings swung to net income of $5.53 million in the third quarter of 2026 from a year-earlier loss. Its combined ratio improved 15.5 percentage points to 93.6%, primarily helped by favorable Non-Standard Auto reserve development.
2. Premiums and investments
Gross premiums written fell 7% year over year to $54.35 million, driven by the Non-Standard Auto exit. Net investment income dropped 11% to $2.72 million, primarily due to a lower average fixed-income portfolio balance.
