NI Holdings is a North Dakota business corporation that is the stock holding company of Nodak Insurance and became such in connection with the conversion of Nodak Mutual from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance were issued to Nodak Mutual Group, which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance then became a wholly-owned stock subsidiary of NI Holdings. Prior to completion of the conversion, NI Holdings conducted no business and had no assets or liabilities. As a result of the conversion, NI Holdings became the holding company for Nodak Insurance and its existing subsidiaries.
Company profile
Ticker
NODK
Exchange
CEO
Michael Jim Alexander
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Nodak Insurance Company • American West Insurance Company • Tri-State Ltd. • Primero Insurance Company • Nodak Agency, Inc. • Battle Creek Mutual Insurance Company • Direct Auto Insurance Company • Westminster American Insurance Company ...
NODK stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
10 Apr 24
DEFA14A
Additional proxy soliciting materials
10 Apr 24
DEF 14A
Definitive proxy
10 Apr 24
8-K
Summary of Year-End 2023 Results
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Summary of Third Quarter 2023 Results
7 Nov 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Summary of Second Quarter 2023 Results
8 Aug 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Amendments to Articles of Incorporation or Bylaws
25 May 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 34.51 mm | 34.51 mm | 34.51 mm | 34.51 mm | 34.51 mm | 34.51 mm |
Cash burn (monthly) | 6.04 mm | 1.65 mm | (no burn) | 19.47 mm | 3.65 mm | 727.42 k |
Cash used (since last report) | 40.17 mm | 10.95 mm | n/a | 129.44 mm | 24.23 mm | 4.84 mm |
Cash remaining | -5.67 mm | 23.55 mm | n/a | -94.93 mm | 10.27 mm | 29.67 mm |
Runway (months of cash) | -0.9 | 14.3 | n/a | -4.9 | 2.8 | 40.8 |
Institutional ownership, Q3 2023
21.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 48 |
Opened positions | 1 |
Closed positions | 5 |
Increased positions | 14 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 48.75 bn |
Total shares | 4.48 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 514.33 k | $6.62 bn |
BLK Blackrock | 504.25 k | $6.49 bn |
TCW | 486.94 k | $6.27 bn |
M3F | 483.96 k | $6.23 mm |
Newtyn Management | 470.00 k | $6.05 bn |
Orchard Capital Managment | 334.35 k | $4.30 bn |
J. Goldman & Co | 233.14 k | $3.00 bn |
Price Jennifer C. | 206.10 k | $2.65 bn |
Dimensional Fund Advisors | 205.40 k | $2.64 bn |
AWH Capital | 186.50 k | $2.40 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Michael J. Alexander | Common Stock | Grant | Acquire A | No | No | 0 | 30,600 | 0.00 | 261,962 |
1 Mar 24 | Patrick W. Duncan | Common Stock | Grant | Acquire A | No | No | 0 | 5,100 | 0.00 | 44,003 |
1 Mar 24 | Seth C. Daggett | Common Stock | Grant | Acquire A | No | No | 0 | 11,100 | 0.00 | 29,667 |
1 Mar 24 | Seth C. Daggett | Common Stock | Payment of exercise | Acquire F | No | No | 0 | 1,161 | 0.00 | 18,567 |
12 Dec 23 | Patrick W. Duncan | Common Stock | Buy | Acquire P | No | No | 12.95 | 808 | 10.46 k | 38,154 |
24 May 23 | Aasmundstad Eric K. | Common Stock | Grant | Acquire A | No | No | 0 | 3,800 | 0.00 | 28,814 |