NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024
“I am pleased to begin the year with a second consecutive quarter of underwriting profitability, as we continue to build upon the success we have experienced from our recent strategic rate and underwriting actions,” said Michael J. Alexander, President and Chief Executive Officer.
- “I am pleased to begin the year with a second consecutive quarter of underwriting profitability, as we continue to build upon the success we have experienced from our recent strategic rate and underwriting actions,” said Michael J. Alexander, President and Chief Executive Officer.
- “While we continue to face headwinds from elevated loss costs across our personal lines segments, we benefited from lower weather activity in the quarter, improved underwriting risk selection and continued top-line growth.
- From an investments perspective, we once again benefited from higher average rates earning in our fixed income portfolio and from favorable equity market conditions.