Ni Holdings, INC

Market Movers (8-K)

NASDAQ
NI Holdings reported a 93.6% increase in net income for Q1 2026, driven by disciplined underwriting and a strategic exit from non-standard auto insurance.
Better than expected
NASDAQ
NI Holdings, Inc. announced disappointing financial results for the fourth quarter and full year ended December 31, 2025, marked by significant declines in premiums and a higher combined ratio.
Worse than expected
NASDAQ
NI Holdings, Inc. announced that director Duaine C. Espegard will not stand for re-election at the company's 2026 annual meeting of stockholders.
NASDAQ
NI Holdings, Inc. announced a net loss for the third quarter of 2025, alongside a strategic decision to cease writing non-standard auto business in Illinois, Arizona, and South Dakota.
Worse than expected
NASDAQ
NI Holdings, Inc. announced the finalization of a separation agreement with former President and CEO Seth C. Daggett, including a severance package totaling over $2.6 million.
NASDAQ
NI Holdings, Inc. filed an amendment to disclose the detailed compensation package for its new President and CEO, Cindy L. Launer.

Quarterly Earnings (10-Q)

NASDAQ
NI Holdings, Inc. reported a significant increase in net income and improved underwriting profitability for the first quarter of 2026, driven by strategic exits and favorable loss development.
Better than expected
NASDAQ
NI Holdings, Inc. reported a net loss of $1.7 million for the third quarter of 2025, driven by strategic exits from non-standard auto markets and catastrophe losses, despite improved investment income.
Worse than expected
Capital raise
NASDAQ
NI Holdings, Inc. reported a net loss of $12.05 million for Q2 2025, driven by significant catastrophe losses in Home and Farm and unfavorable prior year reserve development in Non-Standard Auto.
Worse than expected
NASDAQ
NI Holdings reports a slight decrease in net income for Q1 2025, driven by strategic shifts in the non-standard auto segment and market conditions.
Worse than expected
NASDAQ
NI Holdings reported a net loss for the third quarter of 2024, primarily due to weather-related losses and unfavorable reserve development, despite growth in net premiums earned.
Worse than expected
NASDAQ
NI Holdings has restated its second quarter 2024 financial statements due to accounting errors related to the sale of its subsidiary, Westminster American Insurance Company.
Worse than expected

Annual Reports (10-K)

NASDAQ
NI Holdings, Inc. reported a net loss of $10.413 million for 2025, driven by unfavorable prior year reserve development and strategic exits from non-standard auto markets.
Worse than expected
NASDAQ
NI Holdings reports a net income of $6.6 million for 2024, impacted by unfavorable reserve development and the sale of Westminster.
Worse than expected
NASDAQ
NI Holdings Inc. reports a net loss of $5.2 million for 2023, a significant improvement compared to the $53.8 million loss in 2022, driven by reduced catastrophe losses and improved underwriting performance.
Better than expected

Insider Trading (Form 4)

NASDAQ
NI Holdings, Inc. director William R. Devlin has executed a Power of Attorney authorizing specific individuals to file Section 16 reports and other required documents with the SEC on his behalf.
NASDAQ
NI Holdings, Inc. director Dave Stende has executed a Power of Attorney, appointing legal representatives to manage his SEC filing obligations.
NASDAQ
NI Holdings, Inc. director Eric K. Aasmundstad has executed a Power of Attorney, authorizing specific individuals to file required Section 16 and Securities Act forms on his behalf.
NASDAQ
NI Holdings Director Dana John Kaldor reported transactions involving 5,015 shares of common stock, including restricted stock units.
NASDAQ
NI Holdings' Chief Financial Officer, Matthew J. Maki, increased his beneficial ownership to 61,723 shares following the vesting of restricted stock units.
NASDAQ
NI Holdings CEO Cindy L. Launer reported the acquisition of 56,000 shares of common stock through restricted stock units, increasing her beneficial ownership to 90,800 shares.

Proxy Statements (Def-14A)

NASDAQ
NI Holdings, Inc. has announced its 2026 Annual Meeting of Shareholders, scheduled for May 19, 2026, to elect directors, ratify auditor appointments, and vote on executive compensation.
Worse than expected
NASDAQ
NI Holdings, Inc. will hold its annual shareholder meeting on May 20, 2025, to vote on director elections, auditor ratification, and executive compensation.
NASDAQ
NI Holdings, Inc. will hold its 2025 Annual Meeting of Shareholders on May 20, 2025, to elect directors, ratify the appointment of its accounting firm, and vote on executive compensation.
NASDAQ
NI Holdings, Inc. will hold its annual meeting of shareholders on May 21, 2024, to vote on the election of directors, ratification of the accounting firm, and executive compensation.
NASDAQ
NI Holdings will hold its 2024 Annual Meeting of Shareholders on May 21, 2024, to vote on director elections, auditor ratification, executive compensation, and other business.
Worse than expected

Schedule 13G - Passive Investments

NASDAQ
M3 Funds, LLC, M3 Partners, LP, M3F, Inc., Jason A. Stock, and William C. Waller collectively report beneficial ownership of 1,652,020 shares, representing 8.04% of NI Holdings, Inc. common stock.
NASDAQ
M3 Funds, LLC and its affiliated entities have disclosed a beneficial ownership of 6.47% of NI Holdings, Inc.'s common stock as of December 31, 2024, in a routine Schedule 13G filing.