NI Holdings Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Cindy Launer
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 26.15% |
| CEO tenure | less than a year |
| CEO ownership | n/a |
| Management average tenure | less than a year |
| Board average tenure | 8.8yrs |
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 22Increases to CEO Compensation Might Be Put On Hold For Now at NI Holdings, Inc. (NASDAQ:NODK)
May 19Could The NI Holdings, Inc. (NASDAQ:NODK) Ownership Structure Tell Us Something Useful?
Mar 12Here's Why We Think NI Holdings (NASDAQ:NODK) Is Well Worth Watching
Feb 19
Did You Miss NI Holdings' (NASDAQ:NODK) 11% Share Price Gain?
Feb 01Read This Before Selling NI Holdings, Inc. (NASDAQ:NODK) Shares
Jan 08Is NI Holdings, Inc.'s(NASDAQ:NODK) Recent Stock Performance Tethered To Its Strong Fundamentals?
Dec 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$3m |
| Jun 30 2025 | n/a | n/a | US$2m |
| Mar 31 2025 | n/a | n/a | US$6m |
| Dec 31 2024 | US$1m | US$356k | US$7m |
| Sep 30 2024 | n/a | n/a | US$16m |
| Jun 30 2024 | n/a | n/a | US$19m |
| Mar 31 2024 | n/a | n/a | US$24m |
| Dec 31 2023 | US$118k | n/a | US$20m |
| Sep 30 2023 | n/a | n/a | US$1m |
| Jun 30 2023 | n/a | n/a | -US$9m |
| Mar 31 2023 | n/a | n/a | -US$53m |
| Dec 31 2022 | US$121k | n/a | -US$38m |
| 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$120k | n/a | 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$126k | n/a | 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$18k | n/a | US$26m |
Compensation vs Market: Cindy's total compensation ($USD1.36M) is about average for companies of similar size in the US market ($USD1.44M).
Compensation vs Earnings: Cindy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Cindy Launer (53 yo)
Ms. Cindy L. Launer is CEO, President & Director of NI Holdings, Inc. from October 10, 2025. Ms. Launer had been Independent Director of NI Holdings, Inc. since November 13, 2019 until October 10, 2025 and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.36m | no data | |
| Executive VP | 1.1yrs | US$737.62k | 0.21% $ 574.6k | |
| Senior VP & Chief Accounting Officer | less than a year | no data | 0.020% $ 54.9k | |
| Senior VP & Chief Information Officer | less than a year | no data | no data | |
| Senior VP & Chief Human Resources Officer | less than a year | no data | no data | |
| Senior VP of Reinsurance & Chief Underwriting Officer | less than a year | no data | no data | |
| Senior VP & Chief Claims Officer | less than a year | no data | no data | |
| Senior VP & Chief Actuary | less than a year | no data | no data |
Experienced Management: NODK's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.2yrs | US$1.36m | no data | |
| Independent Chairman of the Board | 29yrs | US$159.02k | 0.11% $ 312.7k | |
| Independent Director | 8.8yrs | US$136.02k | 0.11% $ 288.6k | |
| Independent Vice Chairman of the Board | 23yrs | US$151.02k | 0.13% $ 349.8k | |
| Director | 9yrs | US$112.02k | 0.11% $ 296.6k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.9yrs | US$136.02k | 0.018% $ 50.5k |
Experienced Board: NODK's board of directors are considered experienced (8.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/19 09:28 |
| End of Day Share Price | 2026/01/16 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NI Holdings, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.