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NI Holdings, Inc. (NODK) today announced the signing of a definitive agreement to purchase 100 percent of the issued and outstanding stock of Westminster American Insurance Company from private shareholders. Westminster American is headquartered in Owings Mills, Maryland and underwrites commercial multi-peril insurance in the states of Delaware, Georgia, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia, and the District of Columbia through independent agents. John Scott, Jr., the President of Westminster American, will continue to manage the Westminster American insurance operations along with the current staff and management team. Closing the transaction is expected early next year subject to customary closing conditions, including regulatory approval.
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NI Holdings, Inc. (NODK) today announced that it has completed its previously announced acquisition of Westminster American Insurance Company (“Westminster”) from private shareholders on January 1, 2020. The acquisition of Westminster further diversifies NI Holdings’ portfolio of products geographically, and by line as additional commercial multi-peril business is introduced into the business mix. Westminster is headquartered in Owings Mills, Maryland and underwrites multi-peril commercial insurance in the states of Delaware, Georgia, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia, and the District of Columbia through independent agents.
NI Holdings, Inc. (NODK) today announced that its Board of Directors has approved an authorization for the repurchase of up to approximately $10 million of the company’s outstanding common stock. This authorization, in addition to a previous authorization currently in place, supports our planned approach to capital deployment to create long-term value for our shareholders – through share repurchases and future strategic acquisitions. The actual timing, number, and value of common shares repurchased under the plan will be determined by management in its discretion and will depend on a number of factors, including, among others, general market and business conditions, the trading price of common shares, and applicable legal requirements.
FARGO, N.D., Nov. 14, 2019 -- NI Holdings, Inc. (NASDAQ: NODK), an insurance holding company, today announced the appointment of Cindy L. Launer to its Board of Directors,.
If you want to know who really controls NI Holdings, Inc. (NASDAQ:NODK), then you'll have to look at the makeup of its...
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
FARGO, N.D., Nov. 06, 2019 -- NI Holdings, Inc. (NASDAQ: NODK) today reported its financial results for the quarter and nine months ended September 30, 2019. The Company.
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a+" from "a-" of Westminster American Insurance Company (Westminster) (Owings Mills, MD). In addition, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of "a+" to Primero Insurance Company (Primero) (Las Vegas, NV) and Direct Auto Insurance Company (Direct Auto) (Chicago, IL). The outlook assigned to each of the aforementioned Credit Ratings (ratings) is stable. Concurrently, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICR to "a+" from "a-" of American West Insurance Company (American West) (Fargo, ND). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" of Battle Creek Mutual Insurance Company (Battle Creek) (Battle Creek, NE) and Nodak Insurance Company (Nodak Insurance) (Fargo, ND). These companies comprise Nodak Insurance Group (Nodak), which is ultimately owned by NI Holdings, Inc. AM Best has affirmed the Long-Term ICR of "bbb+" for NI Holdings, Inc. (Fargo, ND) [NASDAQ: NODK], a publicly traded holding company. The outlook of these ratings remains stable.
NI Holdings, Inc. (NODK) today reported its financial results for the quarter and year ended December 31, 2019. The Company reported a 25.9 percent increase in net earned premiums for the year ended December 31, 2019 compared to 2018, although net income attributable to NI Holdings dropped to $26,401 compared to $31,081 a year ago. The total equity for NI Holdings stood at $309,803 as of December 31, 2019.
FARGO, N.D., Aug. 07, 2019 -- NI Holdings, Inc. (NASDAQ: NODK) today reported its financial results for the quarter and six months ended June 30, 2019. The Company reported.
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NI Holdings, Inc. (NODK) today reported its financial results for the quarter ended March 31, 2020. The Company reported a 16.4 percent increase in net earned premiums for the three months ended March 31, 2020 compared to 2019. The Company reported a net loss attributable to NI Holdings of $3,587 compared to net income of $13,773 a year ago.