NI Holdings Inc (OQ:NODK)

Sector:  Financials Industry:  Property & Casualty Insurance
 
See Regulatory Filings on SEC
Company Contact
Address: 1101 1st Ave N
FARGO ND 58102-4651
Tel: 1-701-2984348
Website: N/A
IR: N/A
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Key People
Michael J. Alexander
President, Chief Executive Officer, Director
Seth C. Daggett
Chief Financial Officer, Executive Vice President, Treasurer
Patrick W. Duncan
Senior Vice President - Operations
Timothy J. Milius
Vice President - Corporation Administration, Company Secretary
   
Business Overview
NI Holdings, Inc. is an insurance holding company. The Company is the stock holding company of Nodak Insurance Company (Nodak Insurance). Nodak Insurance is a domestic property and casualty insurance company. The Company's segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and all other. The private passenger auto insurance segment writes private passenger auto insurance to provide protection against liability for bodily injury and property damage arising from automobile accidents as well as protection against loss from damage to automobiles owned by the insured. The non-standard auto insurance segment writes non-standard auto insurance. The home and farm insurance segment writes homeowners and farmowners policies. The crop insurance segment offers crop hail and multi-peril crop insurance policies. The commercial insurance segment writes commercial multi-peril policies.
Financial Overview
For the fiscal year ended 31 December 2023, NI Holdings Inc revenues increased 16% to $375.6M. Net loss decreased 90% to $5.5M. Revenues reflect Gross investment income increase of 22% to $13.8M, Investment expenses increase of 4% to -$3.4M. Basic Earnings per Share excluding Extraordinary Items increased from -$2.49 to -$0.26.
Employees: 219 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $250.06M as of Dec 31, 2023
Annual revenue (TTM): $375.62M as of Dec 31, 2023
EBITDA (TTM): $96.69M as of Dec 31, 2023
Net annual income (TTM): -$5.48M as of Dec 31, 2023
Free cash flow (TTM): $25.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 20,615,384 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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