Ni Holdings, Inc. · NASDAQ:NODK
Ni — Investor Presentation (2025)
11 slides from Ni's investor presentation, 2025
Slide 1: Investor Presentation
Investor Presentation 2025 NI Holdings, Inc.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Some of the statements included in this presentation, particularly those anticipating future financial performance, our ability to raise additional capital, business prospects, growth and operating strategies, the impact of pricing and underwriting changes on operating results,
Slide 3: NI Holdings
NI Holdings NI Holdings, Inc. generates its results from five insurance subsidiaries. These subsidiaries write property and casualty insurance coverages, including private passenger automobile, non-standard automobile, homeowners, farmowners, crop hail, federal multi-peril crop and commercial insura
Slide 4: NI Holdings: Unique Structure
NI Holdings: Unique Structure NI Holdings is a stock holding company formed prior to the Public Nodak Mutual company’s 2017 initial minority public stock offering, in Shareholders Group, Inc. connection with the demutualization of Nodak Mutual Insurance Company and formation of Nodak Mutual Group, <
Slide 5: Diversification of Risk
Diversification of Risk NI Holdings' subsidiaries write insurance coverages across 5 property and casualty segments across 6 states. The company also holds licenses in 8 additional states for potential geographic expansion. Insurance coverages are marketed through captive agents in North Dakota and
Slide 6: Sustained Growth
Sustained Growth Since going public in 2017, NI Holdings has experienced sustained growth, with a compound annual growth rate of 8.4%. This growth has occurred both organically and through strategic acquisitions. $400,000 $350,000 Direct Written Premium ($000s) $300,000 $250,000 $200,000 $150,000 $1
Slide 7: Statutory Combined Ratio
Underwriting Results Nodak Insurance Group has produced combined ratios lower than the industry average during five of the eight years since going public. The company’s average combined ratio over that period has also outperformed the industry. Over this period, Nodak Insurance Group has only produc
Slide 8: Balance Sheet Strength
Balance Sheet Strength NI Holdings maintains a strong balance sheet that NI Holdings maintains a conservatively managed has been recognized by an A.M. Best “A” (Excellent) investment portfolio, primarily consisting of Rating. This strength gives the company continued investment grade fixed income se
Slide 9: 2024 Results
2024 Results • Combined ratio of 100.7% for full year 2024 versus 97.0% Twelve Months Ended December 31, for the prior year, driven by unfavorable prior year reserve development in Non-Standard Auto and higher loss ($ in thousands, except per share data) 2023 2024 severity and higher non-catastrophe
Slide 10: Capital Management
Capital Management NI Holdings takes a balanced approach to capital management. Our primary objective is to invest in our current businesses where we see profitable growth opportunities. We also seek out strategic investments to enhance our business over time, and return excess capital to shareholde
Slide 11: Value Proposition
Value Proposition Sustained Growth: +8.4% CAGR Unique Structure: A corporate since the 2017 IPO, gained structure that provides capital organically and through strategic flexibility and allows management to acquisitions focus on profitable growth over time Underwriting Profitability: Underwriting re