NI Holdings Management

Management criteria checks 4/4

NI Holdings' CEO is Jim Alexander, appointed in Mar 2017, has a tenure of 7.25 years. total yearly compensation is $2.40M, comprised of 34.4% salary and 65.6% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $1.71M. The average tenure of the management team and the board of directors is 5.2 years and 8.4 years respectively.

Key information

Jim Alexander

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage	34.4%
CEO tenure	7.3yrs
CEO ownership	0.5%
Management average tenure	5.2yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

NI Holdings, Inc.'s (NASDAQ:NODK) P/S Is On The Mark

Mar 16

NI expects sees $49M loss in Q2 owing to severe storms in South Dakota and Nebraska

Jul 22

Increases to CEO Compensation Might Be Put On Hold For Now at NI Holdings, Inc. (NASDAQ:NODK)

May 19

Could The NI Holdings, Inc. (NASDAQ:NODK) Ownership Structure Tell Us Something Useful?

Mar 12

Is NI Holdings, Inc.'s(NASDAQ:NODK) Recent Stock Performance Tethered To Its Strong Fundamentals?

Dec 18

NI Holdings EVP & CFO retires

Nov 13

NI Holdings reports Q3 results

Nov 04

CEO Compensation Analysis

How has Jim Alexander's remuneration changed compared to NI Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$5m
Dec 31 2023	US$2m	US$824k	-US$5m
Sep 30 2023	n/a	n/a	-US$11m
Jun 30 2023	n/a	n/a	-US$21m
Mar 31 2023	n/a	n/a	-US$59m
Dec 31 2022	US$2m	US$824k	-US$53m
Sep 30 2022	n/a	n/a	-US$48m
Jun 30 2022	n/a	n/a	-US$43m
Mar 31 2022	n/a	n/a	US$656k
Dec 31 2021	US$2m	US$820k	US$8m
Sep 30 2021	n/a	n/a	US$24m
Jun 30 2021	n/a	n/a	US$32m
Mar 31 2021	n/a	n/a	US$54m
Dec 31 2020	US$3m	US$800k	US$40m
Sep 30 2020	n/a	n/a	US$36m
Jun 30 2020	n/a	n/a	US$25m
Mar 31 2020	n/a	n/a	US$9m
Dec 31 2019	US$3m	US$767k	US$26m
Sep 30 2019	n/a	n/a	US$24m
Jun 30 2019	n/a	n/a	US$41m
Mar 31 2019	n/a	n/a	US$39m
Dec 31 2018	US$3m	US$750k	US$31m
Sep 30 2018	n/a	n/a	US$30m
Jun 30 2018	n/a	n/a	US$18m
Mar 31 2018	n/a	n/a	US$17m
Dec 31 2017	US$2m	US$638k	US$16m

Compensation vs Market: Jim's total compensation ($USD2.40M) is about average for companies of similar size in the US market ($USD2.44M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Alexander (58 yo)

7.3yrs

Tenure

US$2,397,889

Compensation

Mr. Michael James Alexander, also known as Jim, BA, MA, has served as a director of NI Holdings, Inc. since 2016. He serves as President and Chief Executive Officer of NI Holdings, Inc., as well as Nodak M...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Alexander	President	7.3yrs	US$2.40m	0.54% $ 1.7m
Seth Daggett	Executive VP	3.1yrs	US$836.83k	0.037% $ 117.9k
Patrick Duncan	Senior Vice President of Operations	7.3yrs	US$623.53k	0.11% $ 349.5k
Timothy Milius	VP of Finance	3.1yrs	US$496.20k	0% $ 0
William Thompson	Vice President of Sales & Marketing	no data	no data	no data

5.2yrs

Average Tenure

57.5yo

Average Age

Experienced Management: NODK's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Alexander	President	8.4yrs	US$2.40m	0.54% $ 1.7m
Eric Aasmundstad	Independent Chairman of the Board	27.4yrs	US$127.07k	0.11% $ 358.8k
Duaine Espegard	Independent Director	21.4yrs	US$120.57k	0.070% $ 221.3k
Stephen Marlow	Independent Director	8.4yrs	US$120.57k	0.088% $ 276.2k
William Devlin	Independent Vice Chairman of the Board	21.4yrs	US$120.57k	0.093% $ 291.5k
Jeffrey Missling	Director	8.4yrs	US$101.57k	0.073% $ 230.4k
Cindy Launer	Independent Director	4.6yrs	US$117.57k	no data
Prakash Mathew	Independent Director	1.3yrs	US$111.57k	0% $ 0

8.4yrs

Average Tenure

66.5yo

Average Age

Experienced Board: NODK's board of directors are considered experienced (8.4 years average tenure).

NI Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

NI Holdings, Inc., Annual General Meeting, May 21, 2024

NI Holdings, Inc. Appoints Prakash Mathew as Class II Director, Effective February 1, 2023

Insufficient new directors

Insufficient new directors

Insufficient new directors

NI Holdings, Inc., Annual General Meeting, May 24, 2022

Recent updates

First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.20 loss in 1Q 2023)

John Scott, Sr. entered into a stock purchase agreement to acquire Westminster American Insurance Company from NI Holdings, Inc. (NasdaqCM:NODK) for $10.5 million.

NI Holdings, Inc., Annual General Meeting, May 21, 2024

Full year 2023 earnings released: US$0.26 loss per share (vs US$2.49 loss in FY 2022)

NI Holdings, Inc.'s (NASDAQ:NODK) P/S Is On The Mark

Third quarter 2023 earnings released: EPS: US$0.011 (vs US$0.47 loss in 3Q 2022)

NI Holdings, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Second quarter 2023 earnings released: US$0.38 loss per share (vs US$2.15 loss in 2Q 2022)

First quarter 2023 earnings released: US$0.20 loss per share (vs US$0.089 profit in 1Q 2022)

Full year 2022 earnings released: US$2.49 loss per share (vs US$0.39 profit in FY 2021)

NI Holdings, Inc. Appoints Prakash Mathew as Class II Director, Effective February 1, 2023

Insufficient new directors

Third quarter 2022 earnings released: US$0.47 loss per share (vs US$0.22 loss in 3Q 2021)

Insufficient new directors

NI Holdings, Inc. to Report Q2, 2022 Results on Aug 04, 2022

NI expects sees $49M loss in Q2 owing to severe storms in South Dakota and Nebraska

NI Holdings, Inc. (NasdaqCM:NODK) announces an Equity Buyback for $10 million worth of its shares.

First quarter 2022 earnings released: EPS: US$0.089 (vs US$0.45 in 1Q 2021)

Insufficient new directors

NI Holdings, Inc., Annual General Meeting, May 24, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.17 profit in 3Q 2020)

NI Holdings, Inc. (NasdaqCM:NODK) announces an Equity Buyback for $5 million worth of its shares.

Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.86 profit in 2Q 2020)

CFO, Executive VP, Secretary & Treasurer Brian Doom has left the company

Increases to CEO Compensation Might Be Put On Hold For Now at NI Holdings, Inc. (NASDAQ:NODK)

Could The NI Holdings, Inc. (NASDAQ:NODK) Ownership Structure Tell Us Something Useful?

Full year 2020 earnings released: EPS US$1.86 (vs US$1.19 in FY 2019)

NI Holdings, Inc. Appoints Seth Daggett as Chief Financial Officer, Effective as of May 25, 2021

NI Holdings, Inc. Announces Executive Appointments

New 90-day high: US$18.35

Here's Why We Think NI Holdings (NASDAQ:NODK) Is Well Worth Watching

Did You Miss NI Holdings' (NASDAQ:NODK) 11% Share Price Gain?

Read This Before Selling NI Holdings, Inc. (NASDAQ:NODK) Shares

New 90-day low: US$16.17

Is NI Holdings, Inc.'s(NASDAQ:NODK) Recent Stock Performance Tethered To Its Strong Fundamentals?

New 90-day high: US$17.98

Ni Holdings, Inc. and Its and All Affiliated Companies Announces CFO Changes

NI Holdings EVP & CFO retires

New 90-day high: US$17.60

Third quarter 2020 earnings released: EPS US$0.17

NI Holdings reports Q3 results

New 90-day high: US$17.10

Earnings released

New 90-day high - US$16.70

New 90-day high - US$15.97

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age