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NI Holdings announces cat losses of $49m

July 25, 2022

NI Holdings has announced pre-tax catastrophe losses of approximately $49m, net of reinsurance, for the three months ended June 30, 2022.

According to the firm, losses were primarily in the Home/Farm and Private Passenger Auto segments driven by multiple severe storms in South Dakota and Nebraska.

Michael J. Alexander, president and chief executive officer of NI Holdings, said: “Our companies have consistently provided best-in-class underwriting while also identifying and executing growth opportunities.”

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