Ni Holdings, Inc. · NASDAQ:NODK
Ni — Shareholder Meeting (May 2020)
11 slides from Ni's shareholder meeting presentation, May 29, 2020
Slide 1: Annual Meeting of Shareholders
NI Holdings, Inc. Annual Meeting of Shareholders | May 27, 2020
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains “forward - looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management’s beliefs and assumptions and on informati
Slide 3: Non-GAAP Financial Measures
Non - GAAP Financial Measures NI Holdings evaluates its insurance operations in the way it believes will be most meaningful and representative of its busin ess results. Some of these measurements are “non - GAAP financial measures” under Securities and Exchange Commission rules and regulations. GAAP
Slide 4: At a Glance
NI Holdings, Inc. At a Glance Exchange / Ticker NASDAQ: NODK Share Price (at 4/30/2020): $13.51 Shares Outstanding: 21,779,260 Market Capitalization: $294,238,000 GAAP Equity at 3/31/2020 : $301,791,000 Book Value Per Share: $13.71 NI Holdings, Inc. Westminster American Insurance Company MD Domicile
Slide 5: Organization Structure: Experienced Management Team
Organization Structure: Experienced Management Team ▪ The majority of the current senior management team has been working together for the past fourteen years. ▪ Collectively, the senior management team represents over 100 years of industry experience. ▪ Throughout their careers, members of this tea
Slide 6: Insurance Operations Coverage Area
NI Holdings, Inc. Insurance Operations Coverage Area 6
Slide 7: 2019 Direct Premiums Written by State (Non-Crop Lines Only)
NI Holdings, Inc 2019 Direct Premiums Written by State (Non - Crop Lines Only) Group 7
Slide 8: Financial Ratios
NI Holdings, Inc. Financial Ratios 60.8% 27.7% 88.5% 68.9% 27.3% 86.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Loss and LAE Ratio Expense Ratio Combined Ratio Year Ended December 31 2018 2019 51.9% 33.1% 85.0% 51.8% 34.3% 86.1% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0%
Slide 9: 2019 Business Mix
NI Holdings, Inc. 2019 Business Mix Percent of Direct Written Premium Private Passenger Auto , 24.3% Non - standard Auto , 20.4% Home and Farm , 25.5% Crop , 13.6% Commercial , 13.3% All - Other , 2.9% 9
Slide 10: Equity Allocation as of March 31, 2020
NI Holdings, Inc. Equity Allocation as of March 31, 2020 Insurance Subsidiaries (Statutory) $243,417 Stat to GAAP Adjustments $28,895 Holding Company $29,479 Total: $301,791 10
Slide 11: Award-winning workplace
Award - winning workplace 11 □ Effective April 2020, AM Best assigned an A (Excellent) rating to all insurance operating entities within the NI Holdings corporate structure. This includes: • Nodak Insurance Company • American West Insurance Company • Battle Creek Mutual Insurance Company • Primero I