NI Holdings, Inc.
Description
NI Holdings, Inc. underwrites property and casualty insurance products in the United States. Its 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. operates as a subsidiary of Nodak Mutual Group, Inc.
About
CEO
Mr. Seth Christopher Daggett CPA
Employees
219
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
MIC code
XNCM
Address
1101 First Avenue North, Fargo, ND 58102, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Mar 13, 2025 | — | — | — | — |
| May 8, 2023 | — | -0.20 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 365.70M | 324.44M | 323.97M | 306.36M | 270.78M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | — | — |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -4.26M | -69.03M | 11.31M | 52.82M | 33.81M |
| Tax provision | 963,000 | -15.25M | 2.97M | 11.47M | 7.31M |
| Net income | -5.23M | -53.78M | 8.33M | 41.34M | 26.50M |
| Basic EPS | -0.26 | -2.49 | 0.39 | 1.86 | 1.19 |
| Diluted EPS | -0.26 | -2.49 | 0.39 | 1.84 | 1.19 |
| Basic average shares | 21.16M | 21.33M | 21.42M | 21.77M | 22.18M |
| Diluted average shares | 21.16M | 21.33M | 21.42M | 21.77M | 22.18M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -5.23M | -53.78M | 8.33M | 41.34M | 26.50M |
| Minority interests | -250,000 | 679,000 | 84,000 | -955,000 | -99,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 56.69M | 47.00M | 70.62M | 101.08M | 62.13M |
| Other short term investments | 153.23M | 128.04M | 364.65M | 320.41M | 295.95M |
| Accounts receivable | 144.49M | 116.86M | 72.65M | 63.97M | 54.97M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | 12.67M | 26.63M | 27.11M | 27.58M | 5.54M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 7.41M | 7.87M | 8.34M | 8.81M | 284,000 |
| Investments and advances | 375.50M | 355.72M | 442.34M | 390.36M | 355.88M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | 326,000 | — | 170,000 |
| Accrued expenses | — | 22.05M | 13.10M | 14.82M | 9.43M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 88,000 | — | — | 754,000 | 1.65M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 5.51M | 8.76M | 4.59M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 230,000 | 230,000 | 230,000 | 230,000 | 230,000 |
| Retained earnings | 208.38M | 214.12M | 267.21M | 258.74M | 218.48M |
| Other shareholders equity | -21.38M | -29.29M | 5.24M | 12.84M | 5.61M |
| Total shareholders equity | 250.40M | 253.21M | 347.41M | 348.87M | 309.80M |
| Additional paid in capital | 96.29M | 95.67M | 98.17M | 97.91M | 95.96M |
| Treasury stock | 35.18M | 28.82M | 26.45M | 23.97M | 12.31M |
| Minority interest | 2.76M | 2.23M | 4.21M | 4.55M | 3.50M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | -5.23M | -53.78M | 8.33M | 41.34M | 26.50M | 31.24M | 15.61M | 4.64M | 17.59M | 13.81M |
| Depreciation | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | -1.88M | -3.97M | -1.31M | 638,000 | 1.87M | -692,000 | -2.07M | -82,000 | 378,000 | — |
| Stock-Based Compensation | 1.69M | 340,000 | 2.87M | 2.67M | 2.02M | 1.63M | 824,000 | — | — | — |
| Other Non-Cash Items | — | -71.62M | -65.55M | -60.04M | -48.72M | -4.58M | -27.67M | -20.92M | -19.83M | -17.02M |
| Accounts Receivable | -23.28M | -27.10M | -15.42M | -7.23M | -4.22M | -6.58M | 5.68M | -6.63M | 1.66M | -2.65M |
| Accounts Payable | — | — | — | -828,000 | 170,000 | -428,000 | 389,000 | -498,000 | 382,000 | -74,000 |
| Other Assets & Liabilities | 9.10M | -35.99M | 7.24M | 6.19M | 2.89M | -3.20M | 4.43M | -2.95M | -1.33M | 265,000 |
| Operating Cash Flow | -19.60M | -192.12M | -63.84M | -17.26M | -19.49M | 17.40M | -2.80M | -26.44M | -1.16M | -5.67M |
| Investing Activities | ||||||||||
| Capital Expenditures | -827,000 | -495,000 | -696,000 | -543,000 | -1.29M | -1.55M | -1.33M | -548,000 | -531,000 | -620,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | -703,000 | — | 27.49M | — | — | — | 336,000 |
| Purchase of Investments | -85.83M | -78.63M | -165.97M | -114.15M | -109.05M | -87.43M | -126.32M | -33.81M | -40.37M | -28.35M |
| Sale of Investments | 77.84M | 104.17M | 118.52M | 115.59M | 79.89M | 84.87M | 35.71M | 30.78M | 16.52M | 25.55M |
| Investing Cash Flow | -8.81M | 25.05M | -48.15M | -75,000 | -30.40M | 23.40M | -91.86M | -3.51M | -24.39M | -3.05M |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -16,000 | — | — | — | — | — | -2.40M | — | — | — |
| Other Financing Charges | — | -13.33M | -6.67M | — | — | — | -2.40M | — | — | — |
| Financing Cash Flow | -7.29M | -17.51M | -10.98M | -12.23M | -2.01M | -3.00M | 80.31M | — | — | — |
| Other Cash Details | ||||||||||
| End Cash Position | 56.69M | 47.00M | 70.62M | 101.08M | 62.13M | 68.95M | 27.59M | 18.32M | 14.52M | 21.73M |
| Income Tax Paid | — | 2.18M | 4.45M | 11.59M | 4.00M | 10.30M | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 25.00M | -31.55M | 28.43M | 50.39M | 24.38M | 19.40M | 17.09M | 6.76M | 16.65M | 9.79M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 226,932 | 3.38M | 1.10% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 157,884 | 2.35M | 0.76% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 81,347 | 1.21M | 0.39% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 76,211 | 1.14M | 0.37% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 56,328 | 839,287 | 0.27% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 37,168 | 553,803 | 0.18% |
| Vanguard Russell 2000 Index Fund | Nov 30, 2024 | 37,057 | 552,149 | 0.18% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 37,399 | 557,245 | 0.18% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 32,047 | 477,500 | 0.16% |
| DFA U.S. Core Equity 2 Portfolio | Oct 31, 2024 | 26,669 | 397,368 | 0.13% |
Article
NI Holdings, Inc. Announces Leadership Transition
FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the “Board”) search for a permanent CEO, as previously announced.
Nov 22, 2024
Article
NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2024
FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2024.
Nov 7, 2024
Article
A Deal For NI Holdings Where Everyone Wins
American Family Insurance is selling its non-standard auto insurance business to Sentry Insurance, signaling the potential for more mutual insurance deals. NI Holdings, Inc. is undervalued, trading at 75% of FCTBV, and has failed to justify its public existence with poor financial performance. The company should remutualize, potentially selling to a mutual insurance company for around $27.50 per share, benefiting all stakeholders.
Oct 28, 2024
