NI Holdings, Inc.

NI Holdings is a North Dakota business corporation that serves as the stock holding company for Nodak Insurance Company and its subsidiaries. The company was formed on March 13, 2017, following the conversion of Nodak Mutual Insurance Company from a mutual to a stock organization. Immediately after the conversion, Nodak Insurance Company became a wholly-owned stock subsidiary of NI Holdings. On the same date, NI Holdings completed an initial public offering (IPO) of 10,350,000 shares of common stock at $10.00 per share, receiving net proceeds of $93,145 after deducting underwriting discounts and offering expenses. The company's shares began public trading on March 16, 2017. NI Holdings' consolidated financial statements include the financial position and results of operations of NI Holdings and its wholly-owned subsidiaries: Nodak Insurance, Nodak Agency, Inc., American West Insurance Company, Primero Insurance Company (an indirect wholly-owned subsidiary), and Battle Creek Insurance Company.