Ni Holdings, Inc. · NASDAQ:NODK
Ni — Shareholder Meeting (May 2018)
12 slides from Ni's shareholder meeting presentation, May 23, 2018
Slide 1: NI Holdings, Inc. Annual Meeting of Shareholders
NI Holdings, Inc. Annual Meeting of Shareholders | May 22, 2018
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: NI Holdings, Inc.: At a Glance
NI Holdings, Inc. : At a Glance Exchange / Ticker NASDAQ: NODK Share Price (at 5/15/2018): $16.35 Shares Outstanding: 22,352,844 Market Capitalization: $365,469 GAAP Equity at 3/31/2018 : $258,649 Book Value Per Share: $11.57 NI Holdings, Inc. Nodak Insurance Company ND Domicile A.M. Best: A (Excell
Slide 4: 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 eleven years. ▪ Collectively, the senior management team represents over 100 years of industry experience. ▪ Throughout their careers, members of this team
Slide 5: Coverage Area
Nodak Insurance Group Coverage Area 5
Slide 6: 2017 Direct Premiums Written by State
Nodak Insurance Group 2017 Direct Premiums Written by State 6
Slide 7: Business Mix
Nodak Insurance Group Business Mix All Other 4.2% Non - Standard Auto 6.0% Crop 27.0% Private Passenger Auto 29.4% Home and Farm 33.4% Direct Written Premium Year Ended Dec 31, 2016 All Other 4.1% Non - Standard Auto 5.5% Crop 25.1% Private Passenger Auto 31.1% Home and Farm 34.1% Direct Written Pre
Slide 8: Business Mix
Nodak Insurance Group Business Mix Crop 2.8% All Other 5.5% Non - Standard Auto 7.3% Private Passenger Auto 40.8% Home and Farm 43.6% Direct Written Premium Three Months Ended March 31, 2017 Crop 0.0% All Other 5.3% Non - Standard Auto 8.2% Private Passenger Auto 42.1% Home and Farm 44.4% Direct Wri
Slide 9: Overview: Growth in Direct Written Premium By Company
Nodak Insurance Group Overview Growth in Direct Written Premium By Company : ▪ Nodak Insurance Company ▪ March 2018: $24.1M ▪ March 2017: $24.4 M ▪ American West Insurance Company ▪ March 2018: $3.2 M ▪ March 2017: $2.0 M ▪ Primero Insurance Company ▪ March 2018: $3.2 M ▪ March 2017: $2.7 M ▪ Battle
Slide 10: Overview: Direct Written Premium Growth By Lines of Business
Nodak Insurance Group Overview $7.6 $10.8 $48.9 $53.2 $60.4 $8.0 $10.8 $49.0 $60.8 $66.6 $- $20.0 $40.0 $60.0 $80.0 All Others Non-Standard Auto Crop Private Passenger Auto Home and Farm Millions Direct Written Premium Growth By Lines of Business Year Ended December 31 2017 2016 2017 Total DWP: $195
Slide 11: NI Holdings, Inc. Financial Ratios
NI Holdings, Inc. Financial Ratios 77.6% 25.6% 103.2% 68.4% 24.8% 93.1% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% Loss and LAE Ratio Expense Ratio Combined Ratio Year Ended December 31 2016 2017 54.0% 30.5% 84.5% 52.2% 32.9% 85.1% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% Loss and
Slide 12: Award-Winning Workplace
Award - Winning Workplace ▪ Nodak Insurance Company and Battle Creek Mutual Insurance Company are rated A (Excellent) by A.M. Best. American West Insurance Company carries an A - (Excellent) rating. Primero Insurance Company is not rated. ▪ Nodak Insurance Company is recognized as one of Ward’s 50 T