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Latest NODK News From Around the Web
Below are the latest news stories about NI Holdings Inc that investors may wish to consider to help them evaluate NODK as an investment opportunity.
FARGO, N.D., Aug. 05, 2020 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) today reported its financial results for the second quarter and six months ended June 30, 2020. The Company reported a 25.9 percent increase in net earned premiums for the three months ended June 30, 2020 compared to 2019. The Company reported net income attributable to NI Holdings of $18,733 compared to $2,478 a year ago. The total equity for NI Holdings stood at $324,723 as of June 30, 2020.NI Holdings Q2 2020 key financial details: Dollars in thousands, except earnings per share (unaudited) 6M 20206M 2019ChangeQ2 2020Q2 2019Change Net income attributable to NI Holdings$15,146$16,251-6.8%$18,733$2,478+656.0% Direct written premiums (1)$175,731$158,896+10.6%$112,759$103,243+9.2% Net earned premiums$140...
Jim Alexander has been the CEO of NI Holdings, Inc. (NASDAQ:NODK) since 2017, and this article will examine the...
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.
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.
NI Holdings, Inc. (NASDAQ:NODK) shareholders should be happy to see the share price up 16% in the last month. But that...
AM Best Removes From Under Review with Positive Implications and Upgrades Credit Ratings of Westminster American Insurance Company, Assigns Ratings to Certain Members of NI Holdings, Inc.
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 (...
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.
Investors who take an interest in NI Holdings, Inc. (NASDAQ:NODK) should definitely note that insider Jeffrey Thorp...
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.
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