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.
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.
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 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 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.
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