2023-03-08 18:11:12 ET
- NI Holdings press release ( NASDAQ: NODK ): Q4 GAAP EPS of $0.04.
- Direct written premiums of $88.1 million, up 16.9% compared to prior year quarter and full year direct written premiums of $389.7 million, up 13.9% compared to prior year
- Direct written premium growth across all segments compared to prior year, led by Non-Standard Auto up 26.8%, Crop up 22.2% and Commercial up 15.3%
- Net earned premiums of $84.7 million, up 8.6% compared to prior year quarter and full year net earned premiums of $328.3 million up 9.6% compared to prior year
- Combined Ratio of 119.9% for full year 2022 versus 104.3% for prior year, driven by elevated loss costs as a result of higher inflation and an increase in catastrophe events in the current year.
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NI Holdings GAAP EPS of $0.04