NI Holdings closes sale of Westminster American Insurance [Yahoo! Finance]
NI Holdings, Inc. (NODK)
US:NASDAQ Investor Relations:
niholdingsinc.com
Company Research
Source: Yahoo! Finance
The sale has been completed for a total consideration of $10.5m in cash. The completion of this transaction comes after the satisfaction of required closing conditions, regulatory approval and adjustments, as outlined in the purchase agreement dated 7 May 2024. NI Holdings said that it intends to use the proceeds from this transaction for general corporate purposes. At the time of the initial signing, NI Holdings' CEO and president, Michael Alexander, stated that the sale would enable the company to reallocate resources towards its core businesses. The move is also expected to enhance NI Holdings' ability to deliver favourable returns over the long term. WAIC was originally chartered in Maryland, US, in 1869 as the Mutual Fire Insurance Company of Carroll County. The company, also called Carroll County Mutual (CCM), was established with the objective of safeguarding the financial interests of farmers and homeowners across rural Carroll County in Maryland. In 2005, follo
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News
- NI Holdings, Inc. Announces Leadership ChangeGlobeNewswire
- NI Holdings Second Quarter 2024 Earnings: US$0.36 loss per share (vs US$0.38 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2024GlobeNewswire
- AM Best Downgrades Credit Ratings of Westminster American Insurance Company; Maintains Under Review With Negative Implications Status [Yahoo! Finance]Yahoo! Finance
- AM Best Downgrades Credit Ratings of Westminster American Insurance Company; Maintains Under Review With Negative Implications StatusBusiness Wire
NODK
Sec Filings
- 9/19/24 - Form 8-K
- 8/26/24 - Form 8-K/A
- 8/15/24 - Form 8-K
- NODK's page on the SEC website