The insurer also reported full-year direct written premiums of $289.8 million, down 15.3% from 2024. Fourth-quarter direct written premiums fell 26% year over year to $54.1 million. The declines in both periods were driven primarily by the company’s strategic decision to cut back in nonstandard auto, including exits from Illinois, South Dakota, and Arizona, partly offset by growth in its home and farm business in North Dakota, South Dakota, and Nebraska.
NI Holdings slips to 2025 loss as nonstandard auto exit and cat losses hit results
By Awais
