FARGO, N.D., May 09, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended March 31, 2024. Summary of First Quarter 2024 Results(All comparisons vs. the first quarter of 2023, unless noted otherwise) Direct written premiums of $102.7 million, up 13.4%, driven by increases in Non-Standard Auto (23.2%), Home and Farm (13.1%) and Private Passenger Auto (7.9%). Net earned premiums of $85.6 million, up 10.2%. Combined ratio of 97.2% versus 112.2%, driven by the earned impact of prior period rate increases across all segments (excluding Crop) and lower weather-related losses in Private Passenger Auto and Commercial, partially offset by unfavorable development in Non-Standard Auto. Net investment gain of $1.8 million and net investment income of $3.6 million, driven by improved equity market conditions and higher fixed income reinvestment rates, respectively. Basic earnings per share of $0.31, compared to loss per share of $0.20.   Three Months Ended March 31, Dollars in thousands, except per share data(unaudited) 2024 2023 Change Direct written premiums $102,657 $90,556 13.4% Net earned premiums $85,557 $77,627 10.2% Loss and LAE ratio