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Stock impact report

AM Best Affirms Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc. [Yahoo! Finance]

NI Holdings, Inc. (NODK) 
US:NASDAQ Investor Relations: niholdingsinc.com
Company Research Source: Yahoo! Finance
Ratings (Long-Term ICR) of "a+" (Excellent) of the members of Nodak Insurance Group (Nodak). The outlook of the FSR is stable while the outlook of the Long-Term ICR is negative. Concurrently, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of NI Holdings, Inc. (Fargo, ND) [NASDAQ: NODK], a publicly traded holding company. The outlook of this Credit Rating (rating) is negative. (See below for a full listing of companies and ratings.) The ratings reflect Nodak's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Nodak's operating results in 2023, while still volatile, showed improvement from the prior year given more favorable loss ratios in its core lines of business (i.e., personal auto, homeowners and farmowners). Overall results were dampened by elevated losses stemming from Westminster American Insurance Company's (WAIC) commercial habitational l Show less Read more
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