Overview

* NI Holdings ( NODK ) Q2 direct written premiums fall 7.6% yr/yr to $109.5 mln

* Combined ratio rises to 125.1% due to liability loss claims, catastrophe event

* Net investment income of the stock holding company of Nodak Insurance up 40.8%

Outlook

* Company expects positive returns from higher reinvestment rates

* NI Holdings ( NODK ) confident in core business strength

Result Drivers

* NON-STANDARD AUTO - Strategic reduction in Non-Standard Auto premiums led to a 56.4% decrease in this segment

* CATASTROPHE IMPACT - Significant catastrophe event in North Dakota adversely affected loss ratios by 30.2 percentage points

* INVESTMENT INCOME - Net investment income increased 40.8% due to higher reinvestment rates and realized gains

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $109.52

Direct mln

Written

Premiums

Q2 Net -$12.05

Income mln

Q2 Basic -$0.57

EPS

Q2 125.1%

Combined

Ratio

Q2 33.9%

Expense

Ratio

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)