NI Holdings, Inc. (NODK)

Over the past six months, NI Holdings, Inc. reported a net loss of $(16.2) million for the second quarter ended June 30, 2025. The company's Board of Directors approved an authorization for the repurchase of up to approximately $5 million of its outstanding common stock. Seth Daggett stepped down as President and CEO, and Cindy Launer was appointed to take over the role. The company reported a basic loss per share of ($0.08) for the third quarter ended September 30, 2025. The share price was $13.31 on January 12, 2026, and $13.78 on February 5, 2026.

The Crop Insurance segment inherently suggests seasonality, with demand typically peaking before planting seasons and during periods when crops are most vulnerable to weather events. For other insurance products like auto and home, demand seasonality is generally less pronounced but can be influenced by factors such as weather-related claims or economic cycles.

NI Holdings, Inc. is a U.S. insurance holding company specializing in property and casualty insurance coverages, primarily operating in the Upper Midwest. The company operates through five segments: Private Passenger Auto Insurance, Non-Standard Auto Insurance, Home and Farm Insurance, Crop Insurance, and Commercial Insurance.

NI Holdings, Inc. primarily focuses its operations in the Upper Midwest of the United States, writing insurance coverages in five states and holding licenses in an additional seven states. Its core markets include North Dakota, South Dakota, Minnesota, and Nebraska. In the third quarter of 2025, NI Holdings made a strategic decision to stop writing non-standard auto business in Illinois, Arizona, and South Dakota.

NI Holdings has faced some financial challenges that could impact its brand reputation, including a stock decline and weak gross profit margin. Events that have affected the company's reputation include a leadership change, strategic business decisions, and mixed financial performance. Despite these challenges, the company's board stated that NI Holdings remains financially strong.

NI Holdings, Inc. has a diverse ownership structure, with private companies holding a substantial stake of 56.59%. Institutional ownership stands at 19.61%, and the general public holds 23.46% of the ownership. Insiders hold approximately 1.22% of the stock. Nodak Mutual Group, Inc. contributed 55% of the outstanding shares of common stock of NI Holdings.