NI Holdings, Inc. Completes the Sale of Westminster American Insurance Company

Core Points - NI Holdings, Inc. has completed the sale of its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, for a total consideration of $10.5 million in cash, subject to post-closing adjustments [1] Company Overview - NI Holdings, Inc. is an insurance holding company based in North Dakota, formed as a stock holding company of Nodak Insurance Company following the conversion of Nodak Mutual Insurance Company from mutual to stock form on March 13, 2017 [2] - The financial statements of NI Holdings reflect the consolidated results of NI Holdings, Nodak Insurance, and its wholly-owned subsidiaries, including American West Insurance Company, Primero Insurance Company, Battle Creek Insurance Company, and Direct Auto Insurance Company [2]