NI Holdings Inc (OQ:NODK)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1101 1st Ave N FARGO ND 58102-4651 |
| Tel: | 1-701-2984348 |
| Website: | www.niholdingsinc.com |
| IR: | See website |
| Key People | ||
| Michael J. Alexander President, Chief Executive Officer, Director | Seth C. Daggett Chief Financial Officer, Executive Vice President, Treasurer | Patrick W. Duncan Senior Vice President - Operations | Timothy J. Milius Vice President - Corporation Administration, Company Secretary |
| Business Overview |
| NI Holdings, Inc. is an insurance holding company. The Company is the stock holding company of Nodak Insurance Company (Nodak Insurance). Nodak Insurance is a domestic property and casualty insurance company. The Company's segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and all other. The private passenger auto insurance segment writes private passenger auto insurance to provide protection against liability for bodily injury and property damage arising from automobile accidents as well as protection against loss from damage to automobiles owned by the insured. The non-standard auto insurance segment writes non-standard auto insurance. The home and farm insurance segment writes homeowners and farmowners policies. The crop insurance segment offers crop hail and multi-peril crop insurance policies. The commercial insurance segment writes commercial multi-peril policies. |
| Financial Overview |
| For the three months ended 31 March 2024, NI Holdings Inc revenues decreased 3% to $89.4M. Net income totaled $6.4M vs. loss of $4.2M. Revenues reflect Investment expenses decrease of 5% to -$958K. Net Income reflects GAAP Expense Ratio - % -Commercial decrease of 7% to 35.5%, GAAP Loss Ratio - % -All Other increase from 5.6 to 35.7%, Change in net unrealized gain on equity increase from $10.2M (expense) to $2M (income). |
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