AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to "a" (Excellent) from "a+" (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Nodak Insurance Group (Nodak). The outlook of the Long-Term ICRs has been revised to stable from negative, while the outlook of the FSR is stable. Concurrently, AM Best has downgraded the Long-Term ICR to "bbb" (Good) from "bbb+" (Good) of NI Holdings, Inc. (Fargo, ND) (NASDAQ:NODK), a publicly traded holding company. The outlook of this Credit Rating (rating) has been revised to stable from negative. (See below for a full listing of companies and ratings.) The ratings reflect Nodak's balance

FARGO, N.D., May 09, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended March 31, 2025. Summary of First Quarter 2025 Results – Continuing Operations(All comparisons vs. continuing operations for the first quarter of 2024, unless noted otherwise) Direct written premiums of $67.7 million compared to $83.0 million. This reduction was driven by Non-Standard Auto (-58.8%) due to strategic decisions to exit Nevada and significantly reduce written premium in the Chicago market to improve profitability, partially offset by Home and Farm (7.1%) driven by higher new business in North Dakota as well as rate and insured value incre

FARGO, N.D., March 07, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (("NI Holdings, " or the "Company, NASDAQ:NODK) announced today results for the year ended December 31, 2024. Summary of Year-End 2024 Results(All comparisons vs. continuing operations for the year-end 2023, unless noted otherwise) Strong fourth quarter net income of $9.9 million, with 16.2% return on average equity.Fourth quarter combined ratio of 80.0%, up 1.3 pts compared to the prior year quarter, reflecting excellent underwriting results in our Private Passenger Auto and Home and Farm segments, partially offset by unfavorable prior year reserve development and further current year reserve strengthening in Non-Standard

FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. ((the "Company", NASDAQ:NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the "Board") search for a permanent CEO, as previously announced. "It is an honor and privilege to have the opportunity to lead this outstanding organization," Mr. Daggett said. "I look forward to continue working alongside o

FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended September 30, 2024. Summary of Third Quarter 2024 Results – Continuing Operations(All comparisons vs. continuing operations for the third quarter of 2023, unless noted otherwise) Direct written premiums of $67.7 million compared to $67.9 million. This slight reduction was driven by Non-Standard Auto (-35.8%) due to lower new business and retention, partially offset by Home and Farm (11.6%) driven by higher rate and insured values along with new business growth in North Dakota.Net earned premiums of $83.3 million, up 9.0%.Combined ratio of 111.0% versus 100.8%, driv

FARGO, N.D., Aug. 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today announced that Michael J. Alexander has stepped down from his role as President and Chief Executive Officer of NI Holdings, along with his role as a board member of the company, effective August 13, 2024. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Cindy L. Launer as Interim Chief Executive Officer, effective August 13, 2024. Ms. Launer has served as an independent non-executive director on NI Holdings' board since November 2019 and brings 18 years of experience in the insurance industry with a proven track record of success as a global

FARGO, N.D., Aug. 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended June 30, 2024. Summary of Second Quarter 2024 Results – Continuing Operations(All comparisons vs. continuing operations for the second quarter of 2023, unless noted otherwise) Direct written premiums of $118.5 million compared to $121.6 million. This 2.6% reduction was driven by Crop as a result of lower commodity prices impacting multi-peril crop insurance premiums, partially offset by growth in Non-Standard Auto (26.4%) due to rate and new business increases, and Home and Farm (11.5%), driven by higher rate and insured values.Net earned premiums of $85.2 million,

FARGO, N.D., July 05, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) has completed the previously announced sale of its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale was $10.5 million in cash, subject to certain post-closing adjustments pursuant to the Purchase Agreement dated May 7, 2024. About the CompanyNI Holdings, Inc. is an insurance holding company. The company is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of orga

AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Westminster American Insurance Company (WAIC) (headquartered in Owings Mills, MD). These Credit Ratings (ratings) have been placed under review with negative implications following the recent announcement made by NI Holdings, Inc. (NASDAQ:NODK), its ultimate parent, that a definitive agreement has been signed to sell WAIC to a private party. The transaction has been approved by the board of directors and is currently pending regulatory approvals and subject to customary closing conditions. Once the agreement closes, WAIC wi

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" (Excellent) of the members of Nodak Insurance Group (Nodak). The outlook of the FSR is stable while the outlook of the Long-Term ICR is negative. Concurrently, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of NI Holdings, Inc. (Fargo, ND) (NASDAQ:NODK), a publicly traded holding company. The outlook of this Credit Rating (rating) is negative. (See below for a full listing of companies and ratings.) The ratings reflect Nodak's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral bus

8-K - NI Holdings, Inc. (0001681206) (Filer)

10-Q - NI Holdings, Inc. (0001681206) (Filer)

DEFA14A - NI Holdings, Inc. (0001681206) (Filer)

DEF 14A - NI Holdings, Inc. (0001681206) (Filer)

8-K - NI Holdings, Inc. (0001681206) (Filer)

8-K - NI Holdings, Inc. (0001681206) (Filer)

10-K - NI Holdings, Inc. (0001681206) (Filer)

8-K - NI Holdings, Inc. (0001681206) (Filer)

8-K - NI Holdings, Inc. (0001681206) (Filer)

SCHEDULE 13G/A - NI Holdings, Inc. (0001681206) (Subject)

3 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

3 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

4 - NI Holdings, Inc. (0001681206) (Issuer)

FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. ((the "Company", NASDAQ:NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the "Board") search for a permanent CEO, as previously announced. "It is an honor and privilege to have the opportunity to lead this outstanding organization," Mr. Daggett said. "I look forward to continue working alongside o

FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended September 30, 2024. Summary of Third Quarter 2024 Results – Continuing Operations(All comparisons vs. continuing operations for the third quarter of 2023, unless noted otherwise) Direct written premiums of $67.7 million compared to $67.9 million. This slight reduction was driven by Non-Standard Auto (-35.8%) due to lower new business and retention, partially offset by Home and Farm (11.6%) driven by higher rate and insured values along with new business growth in North Dakota.Net earned premiums of $83.3 million, up 9.0%.Combined ratio of 111.0% versus 100.8%, driv

FARGO, N.D., May 08, 2023 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended March 31, 2023. Summary of First Quarter 2023 Results(All comparisons vs. the first quarter of 2022, unless noted otherwise) Direct written premiums of $90.6 million, up 19.9%, driven by Non-Standard Auto up 52.0%, Commercial up 19.9% and Private Passenger Auto up 10.7%Net earned premiums of $77.6 million, up 11.6%Combined ratio of 112.2% versus 91.3%, driven by elevated loss severity and unfavorable prior year reserve development in Non-Standard Auto and CommercialNet investment gain of $1.4 million and net investment income of $2.2 million, driven by improved equi

FARGO, N.D., Aug. 04, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights: Net loss of $45.9 million, compared to $2.6 million in the prior year quarter.  Direct written premiums grew 15.5% from prior year quarter, driven by our Crop, Commercial and Non-Standard Auto segments.Underwriting loss of $50.3 million, compared to $10.2 million in the prior year quarter, driven by net pre-tax catastrophe losses of $49.1 million compared to $10.0 million in the prior year quarter.  Net investment losses of $11.1 million, compared to net investment gains of $4.7 millio

FARGO, N.D., July 22, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today pre-tax catastrophe losses of approximately $49 million, net of reinsurance, for the three months ended June 30, 2022. 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, stated, "Our companies have consistently provided best-in-class underwriting while also identifying and executing growth opportunities. However, similar to the industry, we cannot predict the frequency or severity of storms across our geographical footprint. While there is still some

FARGO, N.D., May 09, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today announced that its Board of Directors has approved an authorization for the repurchase of up to approximately $10 million of the company's outstanding common stock. This supports our planned approach to capital deployment to create long-term value for our shareholders – through share repurchases and future strategic acquisitions. This authorization is in addition to approximately $2.0 million remaining under the Board's previous repurchase authorization announced on August 16, 2021, for a total of approximately $12.0 million available for the repurchase of the company's outstanding common stock. The actual

FARGO, N.D., May 06, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net income attributable to NI Holdings of $1.9 million ($0.09 per share) and return on average equity of 2.3% for the quarter ended March 31, 2022, compared to net income of $9.7 million ($0.45 per share) and return on average equity of 11.2% in the prior year quarter. Direct written premiums grew 4.3%, driven by our commercial and home and farm segments.Total underwriting gain increased 20.9% to $6.1 million, driven by increased year-over-year profitability in our home and farm segment.The return on average equity was 2.3% compared to 11.2% in the prior year quarter, due to a significant reduct

FARGO, N.D., March 09, 2022 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net income attributable to NI Holdings of $6.1 million ($0.29 per share) and return on average equity of 7.2% for the quarter ended December 31, 2021, compared to net income of $21.6 million ($1.01 per share) and return on average equity of 25.9% in the prior year quarter. For the year ended December 31, 2021, NI Holdings reported net income of $8.4 million ($0.39 per share) and return on average equity of 2.4%, compared to net income of $40.4 million ($1.86 per share) and return on average equity of 12.4% in the prior year. The Company reported an increase of 7.4% in direct written premiums fo

FARGO, N.D., Nov. 05, 2021 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net loss attributable to NI Holdings of $4.7 million (-$0.22 per share) and return on average equity of -5.5% for the quarter ended September 30, 2021, compared to net income of $3.7 million ($0.17 per share) and return on average equity of 4.6% in the prior year quarter. For the nine months ended September 30, 2021, NI Holdings reported net income of $2.3 million ($0.11 per share) and return on average equity of 0.9%, compared to net income of $18.8 million ($0.86 per share) and return on average equity of 8.0% in the prior year nine months. The Company reported an increase of 0.9% in d

FARGO, N.D., Aug. 16, 2021 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today announced that its Board of Directors has approved an authorization for the repurchase of up to approximately $5 million of the company's outstanding common stock. This authorization, in addition to a previous authorization currently in place, supports our planned approach to capital deployment to create long-term value for our shareholders – through share repurchases and future strategic acquisitions. The actual timing, number, and value of common shares repurchased under the plan will be determined by management in its discretion and will depend on a number of factors, including, among others, general m

FARGO, N.D., Aug. 04, 2021 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net loss attributable to NI Holdings of $2.644 million (-$0.12 per share) and return on average equity of -3.0% for the quarter ended June 30, 2021, compared to net income of $18.733 million ($0.86 per share) and return on average equity of 24.2% in the prior year quarter. For the six months ended June 30, 2021, NI Holdings reported net income of $7.025 million ($0.33 per share) and return on average equity of 4.1%, compared to net income of $15.146 million ($0.69 per share) and return on average equity of 9.7% in the prior year six months. The Company reported an increase of 11.4% in direct wri

FARGO, N.D., May 05, 2021 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) today reported net income attributable to NI Holdings of $9,669 ($0.45 per share) and return on average equity of 11.2% for the quarter ended March 31, 2021, compared to a loss of $3,587 (-$0.16 per share) and return on average equity of -4.7% in the prior year quarter. The Company reported an increase of 15.0% in direct written premiums for the quarter ended March 31, 2021. Total equity increased 16.8% from the prior year and stood at $352,590 as of March 31, 2021. NI Holdings Q1 2021 Financial Highlights:Dollars in thousands, except earnings per share (unaudited)   Three Months Ended March 31,  20212020Change