15.52
+1.24%
Close of 9 Nov 2026, in USD
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About NI Holdings
From its filings with the US Securities and Exchange Commission
NI Holdings is based in Fargo, North Dakota. Its shares trade on Nasdaq under the ticker NODK. The SEC classifies its business as fire, marine & casualty insurance. In the fiscal year to 31 December 2025, it reported revenue of $285.1m and a net loss of $10.4m. At that date it held total assets of $506.0m and shareholders' equity of $240.3m.
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 16 Mar 2017
- Employees
- 166
- Head office
- 1101 FIRST AVENUE NORTH, FARGO, ND, 58102
- Classification
- Fire, Marine & Casualty Insurance
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Eric AasmundstadIndependent Chairman of the Board$159,020
- Ms. Cindy LaunerPresident, Chief Executive Officer, Director, since 2019$460,835
- Mr. Matthew MakiChief Financial Officer, Executive Vice President, Treasurer$737,617
- Mr. Jeffrey MisslingDirector$112,020
- Mr. William DevlinIndependent Director$151,020
- Mr. Duaine EspegardIndependent Director$136,020
- Mr. Prakash MathewIndependent Director$136,020
- Mr. Dave StendeIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 30
- Environment
- 6
- Social
- 20
- Governance
- 65
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- NI Holdings Inc has a strong market presence and a well-established brand reputation in the insurance industry. With over [X] years of experience, the company has built a loyal customer base and has maintained long-term relationships with clients.
- The company has a diverse portfolio of products and services, offering various types of insurance coverage including auto, home, commercial, and specialty lines. This allows NI Holdings Inc to cater to a wide range of customer needs, enabling them to capture a larger market share.
Weaknesses
- One of the weaknesses of NI Holdings Inc is its limited geographical presence. The company primarily operates in [X] states, which may restrict its growth potential compared to national competitors. Expanding into new markets could be a challenge due to unfamiliar market dynamics and regulatory requirements.
- Moreover, being a mid-sized company, NI Holdings Inc may face difficulty in competing with larger industry players who have significantly higher financial resources and wider distribution channels. This might impact the company's ability to attract and retain customers, especially in highly competitive markets.
Opportunities
- NI Holdings Inc can leverage the increasing demand for insurance products in the digital age. The company should focus on adopting innovative technologies and online platforms to enhance customer experience, streamline processes, and offer personalized insurance solutions.
- Additionally, there are opportunities for geographical expansion into new states or regions. By entering untapped markets, NI Holdings Inc can tap into new customer segments and diversify its revenue streams, potentially increasing market share and profitability.
Threats
- One major threat faced by NI Holdings Inc is intense competition within the insurance industry. With the presence of large national and regional players, the company may experience price pressure and loss of market share. Staying competitive requires continuous investment in product development and marketing strategies.
- Regulatory changes and compliance requirements also pose a threat to NI Holdings Inc. Adapting to evolving regulations and ensuring compliance can be time-consuming and costly, impacting the company's profitability and operational efficiency.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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