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NODK

NI Holdings, Inc.

https://www.niholdingsinc.com

Industry

Insurance - Property & Casualty

NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's products include private passenger auto, non-standard automobile, 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. is a subsidiary of Nodak Mutual Group, Inc.

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NI Holdings announced that Michael J. Alexander has stepped down as President and CEO, effective August 13. Cindy L. Launer has been named as Interim CEO. The Board of Directors is starting the search for a new CEO with no definitive timeline.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:33 pm

NI Holdings (NASDAQ:NODK) reported a significant improvement in Q1 earnings, posting EPS of $0.31, a 255% increase from a loss of $(0.20) per share YoY. Sales rose 10.22% to $85.56M from $77.63M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:38 pm

NI Holdings, Inc. (NASDAQ:NODK) has agreed to sell its commercial insurance subsidiary, Westminster American Insurance Company, for $10.5 million in cash to a private party. The sale, approved by the Board of Directors and pending regulatory approval, is expected to close in 2024. The proceeds are intended for general corporate purposes. This decision reflects a strategic shift for NI Holdings due to significant market changes, including impacts from the COVID-19 pandemic, inflation, tort liability rulings, and the reinsurance market. The company aims to refocus on its core businesses to improve returns.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:11 pm

NI Holdings (NASDAQ:NODK) reported a significant increase in Q4 earnings per share (EPS) to $0.32, up 700% from $0.04 YoY. Sales also rose by 4.63% to $88.59M from $84.67M YoY.

Portfolio Pulse from Happy Mohamed

March 15, 2024 | 8:17 pm

In Friday's intraday session, insurance stocks saw movement with Reliance Global Group, Huize Holding, Marpai, Kemper Corporation, American Financial Group, and NI Holdings experiencing gains, while GoHealth, Lemonade, SelectQuote, FG Finl Gr, American Coastal, and eHealth faced declines. The gains and losses are based on percentage changes in stock prices and are accompanied by trading volumes which are compared to their average full-day volumes over the last 100 days.