Welcome to our dedicated page for NI Holdings 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. filings document a North Dakota insurance holding company's Nasdaq-listed common stock, operating results, governance, and executive-compensation matters. Recent Form 8-K reports furnish quarterly and annual earnings releases and disclose leadership transitions, director election matters, and compensatory arrangements under Item 5.02.
Proxy materials describe board and shareholder-vote matters, named executive officer compensation, equity award adjustments, and pay-versus-performance disclosures. The filing record also identifies the company's common stock, par value, and exchange listing, while formal disclosures tie financial results to segment underwriting, reserves, and investment-portfolio performance.
NI Holdings, Inc. reported results for the quarter ended June 30, 2026. Second-quarter gross premiums written were $107,191, down 4.1% from 2025, and net premiums earned were $65,017, down 10.9%. The loss and LAE ratio improved to 74.5% from 91.2%, and the combined ratio improved to 107.7% from 125.1%. Net investment income was $2,810 versus $3,146, while net investment gains (losses) shifted to a gain of $2,063 from a loss of $(410). Net income was $146 compared with a net loss of $(12,051), and basic earnings per share were $0.01 versus $(0.57).
For the first six months of 2026, the combined ratio improved to 94.8% from 110.3%, and net income rose to $12,654 from a net loss of $(5,591), with basic earnings per share of $0.61. Management highlighted improved year-over-year results despite catastrophe events and increased non-catastrophe weather, citing favorable prior-year reserve development and lower losses from reduced exposure in Non-Standard Auto, as well as momentum in North Dakota, new assumed reinsurance business, and growth in the Crop segment.
NI Holdings, Inc. reported net income of 12,654 for the six months ended June 30, 2026, versus a net loss of 5,591 a year earlier, on total revenues of 129,836 (dollar amounts in thousands). Second‑quarter net income was 146 compared with a loss of 12,051 in 2025.
Underwriting results improved, with a consolidated first‑half combined ratio of 94.8% as losses and loss adjustment expenses fell to 71,773 from 105,132 and prior‑year reserves developed favorably by 10,125. Home and Farm remained in underwriting loss, while Private Passenger Auto and All Other were profitable.
Cash flow from operations was an outflow of 955, cash and investments totaled 376,475, and shareholders’ equity was 249,376, up from 240,337 at December 31, 2025. The company repurchased 169,757 shares during the period, ending June 30, 2026 with 20,431,819 common shares outstanding.
NI Holdings, Inc. reported results from its Annual Meeting of Shareholders and confirmed changes to its board. The board had previously expanded to eight members and nominated Dana J. Kaldor and Callie J. Thomas as independent directors, to serve on key committees including the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
At the Annual Meeting, shareholders elected eight directors, ratified Forvis Mazars, LLP as independent auditor for the fiscal year ending December 31, 2026, and approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. On May 20, 2026, Kaldor and Thomas each received 5,015 restricted stock units under the standard non-employee director compensation program. A total of 19,263,812 shares of common stock were represented at the meeting.
Devlin William Russell reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. director Devlin William Russell received a grant of 5,015 shares of Common Stock on May 20, 2026, reported as a grant or award at no purchase price. These shares are represented by restricted stock units with time-based vesting.
After this award, he directly holds 36,739 shares of Common Stock, a figure that includes restricted stock units. The holdings include 1,500 restricted stock units that will be deferred until after separation from service, indicating part of his equity compensation is designed for longer-term retention.
Stende Dave L. reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. director Dave L. Stende received an equity compensation award of 5,015 shares of Common Stock in the form of restricted stock units. The RSUs have time-based vesting and will be deferred until after separation from service. Following this grant, he holds 8,939 shares directly, including restricted stock units.
Aasmundstad Eric K. reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. director Eric K. Aasmundstad reported an award of 5,015 shares of Common Stock on 2026-05-20. These shares are represented by restricted stock units with time-based vesting and will be deferred until after separation from service, with a stated grant price of $0.00 per share.
Following this award, Aasmundstad directly holds 41,153 shares of Common Stock, which includes restricted stock units. Footnote disclosure indicates that 17,639 of these shares are restricted stock units that will be deferred until after separation from service.
Kaldor Dana John reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. director Dana John Kaldor reported an equity award of 5,015 shares of Common Stock in the form of restricted stock units. The grant was recorded at $0.0000 per share, indicating a compensation award rather than a market purchase. After this award, Kaldor directly holds 10,767 shares, which include restricted stock units with time-based vesting.
NI Holdings, Inc. director Jeffrey R. Missling reported an equity compensation grant in the form of restricted stock units. He acquired 5,015 shares of common stock at no cash cost, described as restricted stock units with time-based vesting.
After this award, Missling directly owns 32,739 shares of NI Holdings common stock, which includes restricted stock units. The filing notes that this total includes 1,500 restricted stock units that will be deferred until after his separation from service.
Mathew Prakash reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. director Mathew Prakash received an equity grant tied to his board service. On May 20, 2026, he was awarded 5,015 shares of Common Stock, represented by restricted stock units with time-based vesting and no cash paid per share. After this award, Prakash directly holds 16,139 shares, which include 12,339 restricted stock units that will be deferred and settled only after his separation from service. This filing reflects routine, compensation-related equity awards rather than open-market trading.
Thomas Callie Jean reported acquisition or exercise transactions in this Form 4 filing.
NI Holdings, Inc. director Thomas Callie Jean received an equity grant of 5,015 shares of Common Stock. These shares are represented by restricted stock units with time-based vesting and bring the director’s directly held and awarded total to 5,015 shares following the transaction.