NI Holdings, Inc. (NODK)

NI Holdings, Inc. announced a leadership change on October 10, 2025. On August 25, 2025, the company announced a $5 million share repurchase plan. The company reported its second-quarter results on August 8, 2025. Kelly Dawson was appointed as Senior Vice President and Chief Human Resources Officer on July 17, 2025. AM Best downgraded the Long-Term Issuer Credit Ratings of Nodak Insurance Group members and NI Holdings, Inc. on May 20, 2025, due to volatile operating results.

Crop insurance, including multi-peril crop and crop hail insurance, is seasonal, aligning with planting, growing, and harvesting cycles. Other property and casualty insurance products may experience fluctuations related to weather patterns or seasonal driving habits.

NI Holdings, Inc. is a stock holding company that underwrites property and casualty insurance products in the United States, operating within the Finance sector. It offers diverse insurance coverages, including auto, homeowners, farm owners, commercial multi-peril, crop hail, and liability insurance policies. The company was formed in 2017 following the demutualization of Nodak Mutual Insurance Company.

NI Holdings, Inc. writes insurance coverages across five states and holds licenses in an additional seven states for potential future expansion. It markets its products through captive agents in North Dakota and independent agents in other operating areas. The company's footprint expanded with the acquisition of Direct Auto.

NI Holdings, Inc.'s brand reputation was negatively impacted by the AM Best credit rating downgrade on May 20, 2025. The downgrade was attributed to volatile operating results, including weather-related losses and inflationary pressures. Challenges with commercial habitational lines through Westminster American Insurance Company, which was sold on June 30, 2024, also contributed.

Approximately 21.89% of NI Holdings, Inc.'s stock is owned by institutional investors. M3F Inc. increased its holdings by 5.5%, Newtyn Management LLC by 4.5%, Nuveen LLC and AQR Capital Management LLC purchased new stakes, and Philadelphia Financial Management of San Francisco LLC lifted its position by 5.8% in Q1 2025. Nodak Mutual Group, Inc. holds 55% of the outstanding shares.