Welcome to our dedicated page for Ni Hldgs SEC filings (Ticker: NODK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NI Holdings, Inc. (NASDAQ: NODK) files a range of documents with the U.S. Securities and Exchange Commission as an insurance holding company in the direct property and casualty sector. As the North Dakota business corporation that is the stock holding company of Nodak Insurance Company, NI Holdings uses SEC filings to report on its consolidated financial results, material events, and governance matters across NI Holdings; Nodak Insurance Company and its wholly owned subsidiaries American West Insurance Company, Primero Insurance Company, and Battle Creek Insurance Company; and Direct Auto Insurance Company, with some disclosures also referencing Westminster Insurance Company until its sale.
On this page, you can review NI Holdings’ periodic reports, including Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, which the company references in its press releases. These filings provide detail on net earned premiums, loss and loss adjustment expense ratios, expense ratios, combined ratios, net investment income, and other metrics relevant to its property and casualty operations, as well as discussions of risk factors and segment performance. They also describe the company’s structure following the March 13, 2017 conversion of Nodak Mutual Insurance Company to stock form and the resulting ownership of Nodak Insurance Company.
Current reports on Form 8-K give timely disclosure of material events such as quarterly financial results, share repurchase authorizations, CEO transitions, compensation decisions for senior executives, and separation agreements. Several Form 8-K filings confirm that NI Holdings’ common stock, with a par value of $0.01 per share, is listed on the Nasdaq Capital Market under the symbol NODK. Users interested in executive arrangements can examine 8-K and 8-K/A filings that describe leadership changes and related compensation terms.
Stock Titan’s platform surfaces these SEC filings with AI-powered summaries that explain the key points of lengthy documents in plain language. Real-time updates from the EDGAR system allow you to see new 10-K, 10-Q, and 8-K filings as they are posted, while AI-generated highlights help identify important disclosures about underwriting performance, investment income, capital management actions, and governance changes. For those tracking insider and executive activity, related filings can be accessed alongside the company’s broader regulatory history.
NI Holdings, Inc. reported weaker results for the fourth quarter and full year ended December 31, 2025, highlighted by lower premiums and underwriting losses. For 2025, direct written premiums fell to
Net income (loss) attributable to NI Holdings for 2025 was a loss of
NI Holdings, Inc., a North Dakota-based insurance holding company, operates primarily through Nodak Insurance and several property and casualty subsidiaries. The group focuses on personal lines and farm-related coverage in the upper Midwest, with all insurance entities rated “A” (Excellent) by AM Best.
Continuing operations span five segments: private passenger auto, non-standard auto, home and farm, crop, and other commercial and assumed reinsurance. In 2025, direct premiums written were $289,784, led by home and farm and private passenger auto business in North Dakota, Nebraska, and South Dakota.
The company uses an intercompany reinsurance pool, extensive third-party reinsurance, and an enterprise risk management program to manage catastrophe, crop, and credit risks. It has been exiting non-standard auto in several states and sold Westminster American Insurance Company in 2024, which is now reported as discontinued operations.
NI Holdings, Inc. Chief Financial Officer Matthew James Maki reported equity compensation and related tax-withholding transactions involving the company’s common stock. On March 2, he acquired 22,700 shares at $0.00 per share in a grant classified as a grant, award, or other acquisition, which footnotes indicate is represented by time-based restricted stock units.
On February 28 and March 1, a total of 4,059 shares (2,471 and 1,588 shares, respectively) were disposed of at $13.28 per share to satisfy withholding obligations upon the vesting of restricted stock units. After these transactions, his directly held common stock positions, which include restricted stock units, were updated as reflected in the filing.
Launer Cindy reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. reported that Chief Executive Officer Cindy Launer received an award of 56,000 shares of common stock on March 2, 2026. These shares are represented by restricted stock units with time-based vesting. After this grant, she holds 90,800 shares, including 20,724 restricted stock units that will be deferred until after separation from service.
NI Holdings, Inc. reported that Chief Accounting Officer Kevin Douglas Elfstrand received a grant of 9,300 shares of common stock, recorded as a grant, award, or other acquisition at a price of
On earlier dates, 873 shares and 479 shares of common stock were disposed of at
NI Holdings, Inc. reported that Chief Information Officer Douglas Alan Duncan acquired 11,100 shares of common stock on March 2, 2026 through a grant or award. Footnotes clarify these shares are represented by restricted stock units with time-based vesting, and his directly owned holdings total 11,100 shares after the award.
NI Holdings, Inc. announced that director Duaine C. Espegard has informed the Board he will not stand for re-election at the company’s 2026 annual meeting of stockholders. The company states that his decision is not due to any disagreement regarding operations, policies, or practices.
Espegard will continue to serve as a director until the end of his current term, which concludes at the 2026 annual meeting. This represents a planned Board transition rather than a dispute-driven departure.
NI Holdings, Inc. Chief Financial Officer reports tax-related share withholding in a Form 4 insider transaction. On February 3, 2026, 119 shares of NI Holdings common stock were withheld at a price of $13.57 per share to cover withholding obligations tied to a restricted stock unit vesting.
Following this transaction, the CFO directly beneficially owned 43,082 shares of NI Holdings common stock. The filing reflects an administrative equity compensation and tax-settlement event rather than an open-market trade.
NI Holdings, Inc.$13.32 per share to satisfy withholding obligations tied to a restricted stock unit vesting on that date. After this tax-related share withholding, Maki directly beneficially owned 42,514 shares of NI Holdings common stock. This total includes 2,265 shares that were distributed from the company's Employee Stock Ownership Plan.
NI Holdings, Inc. Chief Financial Officer Matthew James Maki reported a small share withholding related to equity compensation. On January 2, 2026, 115 shares of NI Holdings common stock were withheld at a price of $13.27 per share to cover tax withholding obligations tied to a restricted stock unit vesting. After this transaction, he beneficially owned 43,201 shares of common stock, which include 3,067 shares distributed from the company's Employee Stock Ownership Plan.