NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's products include private passenger auto, non-standard auto, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc. operates as a subsidiary of Nodak Mutual Group, Inc.
IPO Year: 2017
Exchange: NASDAQ
Website: niholdingsinc.com
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)
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)
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
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 unf
FARGO, N.D., May 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) ("NI Holdings") announced today an agreement to sell its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale is $10.5 million in cash, with proceeds planned to be used for general corporate purposes. The transaction was unanimously approved by the Board of Directors and is expected to close in 2024, subject to regulatory approval and other closing conditions. "The decision to sell Westminster American Insurance Company was made in the best interest of NI Holdings and its shareholders," said Michael J. Alexander, President,
FARGO, N.D., March 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the year ended December 31, 2023. Summary of Year-End 2023 Results(All comparisons vs. year-end 2022, unless noted otherwise) Direct written premiums of $102.4 million, up 16.2% compared to the prior year quarter and full year direct written premiums of $418.4 million, up 7.4% compared to prior year. Growth in both periods was driven by Non-Standard Auto and Private Passenger Auto.Net earned premiums of $88.6 million, up 4.6% compared to prior year quarter and full year net earned premiums of $351.1 million, up 7.0% compared to prior year.Combined ratio of 85.9%, down 23.5 pts comp
FARGO, N.D., Nov. 07, 2023 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ:NODK) announced today results for the quarter ended September 30, 2023. Summary of Third Quarter 2023 Results(All comparisons vs. the third quarter of 2022, unless noted otherwise) Direct written premiums of $81.2 million, flat to prior year, driven by increases in Non-Standard Auto (17.9%), Private Passenger Auto (10.4%) and Home and Farm (7.1%), offset by a decrease in Crop.Net earned premiums of $90.8 million, up 1.4%.Combined Ratio of 102.0% versus 114.4%, driven by lower weather-related losses in Home and Farm, lower loss frequency in Private Passenger Auto, and favorable crop growing conditions, offset by
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
SC 13D/A - NI Holdings, Inc. (0001681206) (Subject)
SC 13G - NI Holdings, Inc. (0001681206) (Subject)
8-K - NI Holdings, Inc. (0001681206) (Filer)
10-Q - NI Holdings, Inc. (0001681206) (Filer)
10-Q/A - NI Holdings, Inc. (0001681206) (Filer)
8-K - NI Holdings, Inc. (0001681206) (Filer)
8-K - NI Holdings, Inc. (0001681206) (Filer)
8-K/A - NI Holdings, Inc. (0001681206) (Filer)
8-K - NI Holdings, Inc. (0001681206) (Filer)
10-Q - NI Holdings, Inc. (0001681206) (Filer)
8-K - NI Holdings, Inc. (0001681206) (Filer)
8-K - NI Holdings, Inc. (0001681206) (Filer)
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
NI Holdings (NASDAQ:NODK) reported quarterly earnings of $0.31 per share. This is a 255 percent increase over losses of $(0.20) per share from the same period last year. The company reported $85.56 million in sales this quarter. This is a 10.22 percent increase over sales of $77.63 million the same period last year.
NI Holdings, Inc. (NASDAQ:NODK) ("NI Holdings") announced today an agreement to sell its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale is $10.5 million in cash, with proceeds planned to be used for general corporate purposes. The transaction was unanimously approved by the Board of Directors and is expected to close in 2024, subject to regulatory approval and other closing conditions. "The decision to sell Westminster American Insurance Company was made in the best interest of NI Holdings and its shareholders," said Michael J. Alexander, President, and Chief Executive Officer. "The commercial hab
NI Holdings (NASDAQ:NODK) reported quarterly earnings of $0.32 per share. This is a 700 percent increase over earnings of $0.04 per share from the same period last year. The company reported $88.59 million in sales this quarter. This is a 4.63 percent increase over sales of $84.67 million the same period last year.
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Reliance Global Group (NASDAQ:RELI) stock increased by 18.56% to $0.59 during Friday's regular session. Trading volume for Reliance Global Group's stock is 373.8K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.9 million. Huize Holding (NASDAQ:HUIZ) stock rose 4.55% to $0.92. As of 12:40 EST, Huize Holding's stock is trading at a volume of 5.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $44.4 million. Mar
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Abacus Life (NASDAQ:ABL) shares moved upwards by 6.29% to $8.78 during Tuesday's regular session. As of 12:40 EST, this security is trading at a volume of 7.8K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $505.5 million. Maiden Hldgs (NASDAQ:MHLD) shares moved upwards by 5.65% to $2.43. Maiden Hldgs's stock is trading at a volume of 23.9K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $232.1 million. Cheche Group (NASDAQ:CCG)
NI Holdings (NASDAQ:NODK) reported quarterly earnings of $0.01 per share. This is a 102.13 percent increase over losses of $(0.47) per share from the same period last year. The company reported $90.77 million in sales this quarter. This is a 1.38 percent increase over sales of $89.53 million the same period last year.
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers eHealth (NASDAQ:EHTH) stock rose 5.49% to $8.64 during Monday's regular session. As of 13:40 EST, this security is trading at a volume of 50.3K shares, making up 22.6% of its average full-day volume over the last 100 days. The company's market cap stands at $230.0 million. Citizens (NYSE:CIA) shares rose 5.36% to $3.14. As of 13:40 EST, this security is trading at a volume of 31.5K shares, making up 77.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $148.3 million. FG Finl Gr (NASDAQ:FGF) shares moved upwar
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Marpai (NASDAQ:MRAI) stock moved upwards by 4.93% to $0.94 during Tuesday's regular session. As of 13:40 EST, Marpai's stock is trading at a volume of 8.1K, which is 6.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $6.9 million. Intl General Insurance (NASDAQ:IGIC) shares increased by 1.13% to $10.72. As of 13:40 EST, this security is trading at a volume of 164.6K shares, making up 211.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $500.8 million
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Abacus Life (NASDAQ:ABL) shares moved upwards by 8.84% to $7.51 during Tuesday's regular session. Trading volume for this security as of 13:40 EST is 24.8K, which is 38.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $475.7 million. As per the news, the Q2 earnings report came out yesterday. Heritage Insurance Hldgs (NYSE:HRTG) shares moved upwards by 2.75% to $5.97. The current volume of 309.7K shares is 209.7% of Heritage Insurance Hldgs's average full-day volume over the last 100 days (last updated at 13:
NI Holdings (NASDAQ:NODK) reported quarterly losses of $(0.38) per share. This is a 82.33 percent increase over losses of $(2.15) per share from the same period last year. The company reported $94.15 million in sales this quarter. This is a 11.42 percent increase over sales of $84.50 million the same period last year.