Financial Services -
Insurance - Property & Casualty - NASDAQ - US
$ 13.19
-0.459 %
$ 273 M
Market Cap
42.0
P/E
1. INTRINSIC VALUE
Balance Sheet
NI Holdings, Inc.
| Current Assets | 3.34 M |
| Cash & Short-Term Investments | 3.34 M |
| Receivables | 86.5 M |
| Other Current Assets | -86.5 M |
| Non-Current Assets | 332 M |
| Long-Term Investments | 332 M |
| PP&E | 7.55 M |
| Other Non-Current Assets | -7.45 M |
| Current Liabilities | 7.13 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 7.13 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
NI Holdings, Inc.
| Revenue | 325 M |
| Cost Of Revenue | 0 |
| Gross Profit | 325 M |
| Operating Expenses | 315 M |
| Operating Income | 10.1 M |
| Other Expenses | 16.2 M |
| Net Income | -6.06 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
NI Holdings, Inc.
| Net Income | -6.06 M |
| Depreciation & Amortization | 681 K |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | 13.5 M |
| Free Cash Flow | -5.91 M |
Wall Street Analysts Price Targets
NI Holdings, Inc.
NODK has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
NODK does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
NI Holdings, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
NI Holdings, Inc. Announces Leadership Transition
FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the “Board”) search for a permanent CEO, as previously announced.
globenewswire.com
- 5 months ago
NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2024
FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2024.
globenewswire.com
- 5 months ago
A Deal For NI Holdings Where Everyone Wins
American Family Insurance is selling its non-standard auto insurance business to Sentry Insurance, signaling the potential for more mutual insurance deals. NI Holdings, Inc. is undervalued, trading at 75% of FCTBV, and has failed to justify its public existence with poor financial performance. The company should remutualize, potentially selling to a mutual insurance company for around $27.50 per share, benefiting all stakeholders.
seekingalpha.com
- 6 months ago
NI Holdings, Inc. Announces Leadership Change
FARGO, N.D., Aug. 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) today announced that Michael J. Alexander has stepped down from his role as President and Chief Executive Officer of NI Holdings, along with his role as a board member of the company, effective August 13, 2024. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Cindy L. Launer as Interim Chief Executive Officer, effective August 13, 2024.
globenewswire.com
- 8 months ago
NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2024
FARGO, N.D., Aug. 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2024.
globenewswire.com
- 8 months ago
NI Holdings, Inc. Completes the Sale of Westminster American Insurance Company
FARGO, N.D., July 05, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) has completed the previously announced sale of its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale was $10.5 million in cash, subject to certain post-closing adjustments pursuant to the Purchase Agreement dated May 7, 2024.
globenewswire.com
- 9 months ago
AM Best Places Credit Ratings of Westminster American Insurance Company Under Review With Negative Implications
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Westminster American Insurance Company (WAIC) (headquartered in Owings Mills, MD). These Credit Ratings (ratings) have been placed under review with negative implications following the recent announcement made by NI Holdings, Inc. [NASDAQ: NODK], its ultimate parent, that a definitive agreement has.
businesswire.com
- 11 months ago
NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024
FARGO, N.D., May 09, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2024.
globenewswire.com
- 11 months ago
NI Holdings, Inc. Agrees to Sell Westminster American Insurance Company
FARGO, N.D., May 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) (“NI Holdings”) announced today an agreement to sell its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale is $10.5 million in cash, with proceeds planned to be used for general corporate purposes. The transaction was unanimously approved by the Board of Directors and is expected to close in 2024, subject to regulatory approval and other closing conditions.
globenewswire.com
- 11 months ago
NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2023
FARGO, N.D., March 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the year ended December 31, 2023.
globenewswire.com
- 1 year ago
NI Holdings: Interesting Developments - Windfall Gains Opportunity
NI Holdings had its IPO in March 2017 as the first step in a potential two-step demutualization process for Nodak Mutual Group Inc. Anti-dilution provisions in the prospectus for the IPO will likely result in windfall gains for existing NI Holdings shareholders, whenever a secondary offering takes place. Recent changes to the company's Articles of Incorporation could make full demutualization more readily achievable.
seekingalpha.com
- 1 year ago
NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2023
FARGO, N.D., Nov. 07, 2023 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2023.
globenewswire.com
- 1 year ago
8. Profile
Summary
NI Holdings, Inc. NODK
COUNTRY
US
INDUSTRY
Insurance - Property & Casualty
MARKET CAP
$ 273 M
Dividend Yield
0.00%
Description
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.
Contact
1101 First Avenue North, Fargo, ND, 58102
https://www.niholdingsinc.com
IPO
Date
March 16, 2017
Employees
202
Officers
Mr. Matthew James Maki CPA, C.P.C.U.
Executive Vice President, Chief Financial Officer & Treasurer
Mr. Seth Christopher Daggett CPA
President, Chief Executive Officer & Director