NI Holdings Management
Management criteria checks 2/4
NI Holdings' CEO is Seth Daggett, appointed in Dec 2024, has a tenure of less than a year. total yearly compensation is $836.83K, comprised of 42.9% salary and 57.1% bonuses, including company stock and options. directly owns 0.037% of the company’s shares, worth $121.31K. The average tenure of the management team and the board of directors is 0.1 years and 9 years respectively.
Key information
Seth Daggett
Chief executive officer
US$836.8k
Total compensation
| CEO salary percentage | 42.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.04% |
| Management average tenure | less than a year |
| Board average tenure | 9yrs |
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 18NI Holdings EVP & CFO retires
Nov 13NI Holdings reports Q3 results
Nov 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$9m |
| Jun 30 2024 | n/a | n/a | -US$6m |
| Mar 31 2024 | n/a | n/a | -US$645k |
| Dec 31 2023 | US$837k | US$359k | -US$5m |
| 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$733k | US$304k | -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$614k | US$277k | 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$519k | US$261k | US$40m |
Compensation vs Market: Seth's total compensation ($USD836.83K) is below average for companies of similar size in the US market ($USD2.22M).
Compensation vs Earnings: Seth's compensation has increased whilst the company is unprofitable.
CEO
Seth Daggett (46 yo)
less than a year
Tenure
US$836,830
Compensation
Mr. Seth Christopher Daggett is CEO & President of NI Holdings, Inc. from December 1, 2024. He served as Treasurer and Director at Westminster American Insurance Company since 2021 until 2024. Mr. Daggett...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | less than a year | US$836.83k | 0.037% $ 121.3k | |
| Interim Chief Financial Officer | less than a year | no data | 0.063% $ 202.9k | |
| VP of Finance | 3.7yrs | US$496.20k | no data | |
| Vice President of Sales & Marketing | no data | no data | no data |
0.08yrs
Average Tenure
Experienced Management: NODK's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 28yrs | US$127.07k | 0.11% $ 369.2k | |
| Independent Director | 22yrs | US$120.57k | 0.070% $ 227.6k | |
| Independent Director | 9yrs | US$120.57k | 0.088% $ 284.2k | |
| Independent Vice Chairman of the Board | 22yrs | US$120.57k | 0.092% $ 299.9k | |
| Director | 9yrs | US$101.57k | 0.073% $ 237.1k | |
| Independent Non-Executive Director | 5.2yrs | US$117.57k | no data | |
| Independent Director | 1.9yrs | US$111.57k | 0% $ 0 |
9.0yrs
Average Tenure
68yo
Average Age
Experienced Board: NODK's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 05:50 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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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.
| Analyst | Institution |
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