Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
16 March 2017Website:
http://www.niholdingsinc.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 32 min agoDividend
Analysts recommendations
Institutional Ownership
NODK Latest News
FARGO, N.D., July 05, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) has completed the previously announced sale of its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale was $10.5 million in cash, subject to certain post-closing adjustments pursuant to the Purchase Agreement dated May 7, 2024.
NI Holdings had its IPO in March 2017 as the first step in a potential two-step demutualization process for Nodak Mutual Group Inc. Anti-dilution provisions in the prospectus for the IPO will likely result in windfall gains for existing NI Holdings shareholders, whenever a secondary offering takes place. Recent changes to the company's Articles of Incorporation could make full demutualization more readily achievable.
What type of business is NI Holdings?
NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc. is a subsidiary of Nodak Mutual Group, Inc.
What sector is NI Holdings in?
NI Holdings is in the Financial Services sector
What industry is NI Holdings in?
NI Holdings is in the Insurance - Property & Casualty industry
What country is NI Holdings from?
NI Holdings is headquartered in United States
When did NI Holdings go public?
NI Holdings initial public offering (IPO) was on 16 March 2017
What is NI Holdings website?
https://www.niholdingsinc.com
Is NI Holdings in the S&P 500?
No, NI Holdings is not included in the S&P 500 index
Is NI Holdings in the NASDAQ 100?
No, NI Holdings is not included in the NASDAQ 100 index
Is NI Holdings in the Dow Jones?
No, NI Holdings is not included in the Dow Jones index
When does NI Holdings report earnings?
The next expected earnings date for NI Holdings is 08 August 2024