Every 8-K that NI Holdings, Inc. (NODK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NODK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NODK filings page.
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 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.
NI Holdings, Inc. reported much stronger results for the quarter ended March 31, 2026, highlighted by significantly improved underwriting profitability. Net income rose to $12.5 million from $6.5 million a year earlier, and basic earnings per share increased to $0.60 from $0.31.
Gross premiums written were $57.5 million and net premiums earned were $55.1 million, both lower than the prior year as the company continued its exit from Non-Standard Auto. Profitability improved sharply, with the loss and LAE ratio moving to 42.4% from 57.1%, producing a combined ratio of 79.7% versus 94.4% in 2025. Return on average equity increased to 20.4%, while the expense ratio held steady at 37.3%. Management cited disciplined underwriting, favorable prior-year reserve development, and growth in North Dakota business as key drivers.
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 $289,784 thousand from $342,301 thousand, and the combined ratio worsened to 109.9% from 100.7%, indicating unprofitable underwriting.
Net income (loss) attributable to NI Holdings for 2025 was a loss of $10,413 thousand, compared with a loss of $6,060 thousand in 2024, while return on average equity declined to (4.3%) from 2.8%. Management cited disappointing 2025 financial results, ongoing unfavorable loss reserve development in Non-Standard Auto, and impacts from a historic catastrophe event, though it noted profitable core lines and solid investment portfolio returns.
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. furnished a press release announcing its financial results for the quarter ended September 30, 2025. The company issued the release on November 7, 2025, and attached it as Exhibit 99.1 to this report. The company states that the information is furnished and not deemed filed under the Securities Exchange Act of 1934, and it is not incorporated by reference into Securities Act filings unless specifically referenced.
NI Holdings (NODK) disclosed a Separation Agreement with former President and CEO Seth C. Daggett. The agreement provides a severance payment of $2,559,947 in exchange for a comprehensive release of claims and post‑employment covenants. The company will also pay $72,968.49 to cover the cost of health coverage for 24 months, consistent with the terms of his employment agreement.
Mr. Daggett may revoke the agreement for seven days after October 29, 2025, the date he signed it. The Separation Agreement becomes effective and enforceable only after that revocation period ends.
NI Holdings, Inc. (NODK) amended its disclosure to detail CEO compensation for Cindy L. Launer. Effective October 10, 2025 through year‑end, her pay includes a pro rata portion of a $750,000 annual base salary, a short‑term incentive with a $150,000 target payout, and $187,500 in restricted stock units with a standard 3‑year vesting schedule, to be granted after the next trading window opens.
Beginning January 1, 2026, compensation consists of a $750,000 annual base salary, an annual short‑term incentive targeted at 80% of base salary (payouts at 50% threshold, 80% target, 140% stretch), and an annual long‑term equity incentive equal to 100% of base salary with a 3‑year vesting schedule. The company will also reimburse moving expenses and provide short‑term housing during relocation.
NI Holdings, Inc. reported that President and Chief Executive Officer Seth C. Daggett left the company effective October 10, 2025, and also resigned from the Board and subsidiary roles. Because his departure is classified as a termination without cause under his employment agreement, the company expects to pay approximately $2.5 million in severance, subject to a mutually agreeable separation agreement, and to provide health benefits for 24 months or a cash amount equal to the cost of such coverage.
The company appointed director Cindy L. Launer as President and Chief Executive Officer, effective the same date. She will continue to serve on the Board but will not receive extra director pay. Her CEO compensation package is still being determined and will be disclosed in an amendment. The company also issued a press release describing these leadership changes.
NI Holdings, Inc. filed a current report to disclose that on August 25, 2025 it issued a press release announcing a share repurchase plan. This type of plan allows the company to buy back its own common stock, which can reduce the number of shares in the market and change how ownership is distributed.
The specific terms of the buyback, such as the total dollar amount, number of shares, or timing, are described in the referenced press release, which is attached as Exhibit 99.1 to the report.
NI Holdings reported results for the quarter ended June 30, 2025. Direct written premiums fell to $109.5 million from $118.5 million (down 7.6%), driven by a strategic reduction in Non-Standard Auto while Home and Farm grew 8.1% on higher rates and new business. Net earned premiums declined to $73.0 million (down 14.3%).
The underwriting combined ratio rose to 125.1% from 113.7%, largely due to unfavorable prior-year liability development in Non-Standard Auto and a significant North Dakota catastrophe that, after reinsurance effects, is reported as a $20.0 million net pre-tax catastrophe loss and increased the quarter loss and LAE ratio by 30.2 percentage points. Net investment income improved 40.8% to $2.7 million. Basic loss per share was ($0.57) on continuing operations versus ($0.36) a year earlier. Management highlighted favorable underwriting results in South Dakota and Nebraska and reiterated confidence in the company’s core operations.