CEO Seth Daggett departs; Cindy Launer appointed President and CEO effective Oct 10, 2025

NI Holdings, Inc.

Seth Daggett stepped down as President and CEO and resigned from the board, effective October 10, 2025.
Cindy Launer, a board member since Nov 2019 and former interim CEO, appointed as President and CEO effective same date.
Company expects ~$2.5M severance payment to Daggett under termination without cause, subject to separation agreement.
Launer previously served as COO of AIG's Commercial Insurance business and brings 18 years of insurance industry experience.

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