Highest-materiality recent filing
NI Holdings Q1 EPS $0.60 vs $0.31; combined ratio improves to 79.7%
Gross premiums written $57.5M, down 15.1% YoY, driven by exit from Non-Standard Auto.
NI Holdings reports Q4 loss $0.15/sh; combined ratio 109.6% on reserve strengthening
Direct written premiums fell 26% to $54.1M in Q4; full year down 15.3% to $289.8M.
Director Duaine C. Espegard will not stand for re-election at NI Holdings 2026 annual meeting
Director Duaine C. Espegard notified the Board he will not stand for re-election at the 2026 annual meeting.
NI Holdings reports Q3 net loss $1.7M ($0.08/sh); direct premiums down 13.7% YoY
Direct written premiums $58.5M, down 13.7% YoY; Non-Standard Auto down 80% due to strategic exit in IL, AZ, SD.
CEO Seth Daggett terminated without cause; enters separation agreement for $2.56M severance
Former CEO Seth Daggett receives $2,559,947 severance plus $72,968 for 24 months of health coverage.
NI Holdings sets CEO Cindy Launer's compensation: $750k salary, STI, equity grants
Annual base salary of $750,000 effective Jan 1, 2026; pro rata for Oct-Dec 2025.
CEO Seth Daggett departs; Cindy Launer appointed President and CEO effective Oct 10, 2025
Seth Daggett stepped down as President and CEO and resigned from the board, effective October 10, 2025.
NI Holdings announces $5M share repurchase authorization, total $6.3M available
Board authorized up to $5M in new repurchases, plus $1.3M remaining from prior plan, for combined $6.3M capacity.
NI Holdings Q2 net loss $12.1M; combined ratio 125.1% on catastrophic storm losses
Direct written premiums fell 7.6% to $109.5M; Non-Standard Auto down 56.4% per strategic pullback.
NI Holdings shareholders elect all 8 director nominees, ratify auditor, approve say-on-pay
All eight director nominees elected; top vote-getter Cindy L. Launer with 18,421,522 votes for.
NI Holdings appoints five senior leaders including CAO, CUO, CCO, Chief Actuary, and CIO
Kevin Elfstrand promoted to SVP & Chief Accounting Officer effective June 1, 2025; base salary $310K plus STI and LTI.
NI Holdings adds Dave L. Stende to Compensation Committee
Dave L. Stende was appointed to the Board effective April 1, 2025.
On May 21, 2025, the Board of Directors (the “Board”) of NI Holdings, Inc. (the “Company”) determined to appoint Kevin Elfstrand as the Company’s Chief Accounting Officer, effective June 1, 2025.
Max materiality 0.75 · Median 0.57 · Most common event leadership