NODK Research | Milton Maxwell

NODK

NI Holdings, Inc.

14.51

+0.13+0.9%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

300.00M

P/E (TTM)

131.91

Basic EPS (TTM)

0.11

Dividend Yield

Recent Filings

10-Q

11/7/25Nov 7, 2025

8-K

11/7/25Nov 7, 2025

8-K

CEO transition at NI Holdings

10/10/25Oct 10, 2025

NI Holdings abruptly parted ways with CEO Seth Daggett on October 10, 2025, triggering a $2.5 million severance payout while appointing board member Cindy Launer as his replacement, effective immediately. Launer, with prior interim CEO experience and 18 years at AIG, steps in amid the company's financial strength to steer long-term growth. The board eyes her as the steady hand for strategy. Forward-looking plans hinge on execution risks outlined in SEC filings.

8-K

NI Holdings launches $5M buyback

8/25/25Aug 25, 2025

NI Holdings announced on August 25, 2025, a $5 million share repurchase authorization, adding to $1.3 million left from its prior plan for a total of $6.3 million available. This move bolsters capital deployment to build shareholder value amid market conditions. Management holds discretion on timing and volume. Repurchases may halt anytime.

8-K

Q2 hit by catastrophe losses

8/8/25Aug 8, 2025

NI Holdings reported Q2 2025 results hammered by a North Dakota catastrophe, posting $20 million in net losses and a 125.1% combined ratio, up from 113.7% last year. Direct written premiums fell 7.6% to $109.5 million, mainly from slashing non-standard auto exposure, though home and farm grew 8.1% on rates and new business. Net investment income jumped 40.8% to $2.7 million amid higher rates. Underwriting shifts and diversification cushioned some blows, yet storms exposed reinsurance limits.

About

NI Holdings, Inc., together with its subsidiaries, underwrites property and casualty insurance products in the United States. Its products include private passenger auto, homeowners, farm owners, commercial multi-peril, crop hail, and federal multi-peril crop insurance policies, as well as non-standard automobile insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc. is a subsidiary of Nodak Mutual Group, Inc.

CEO

Ms. Cindy L. Launer

IPO

3/16/2017

Website

https://www.niholdingsinc.com

Employees

202

Sector

Financial Services

Industry

Insurance - Property & Casualty