NI Holdings, Inc. Announces Leadership Transition

Company Leadership Changes - NI Holdings, Inc. announced the appointment of Seth C. Daggett as President and CEO, effective December 1, 2024, succeeding Cindy L. Launer, who served as Interim CEO [1][2] - Mr. Daggett has over two decades of industry experience, previously serving as the Company's CFO and Treasurer [1][3] - Cindy L. Launer will return to her role as an independent non-executive director on the Board effective December 1, 2024 [2] Management Background - Seth Daggett's prior experience includes serving as CFO and Treasurer of RAM Mutual Insurance Company and roles at Deloitte and Travelers Companies, Inc. [3] - Matt Maki, currently Vice President of Financial Planning and Analysis, will assume the role of Interim CFO effective December 1, 2024, while the Company searches for a permanent CFO [2][4] Company Overview - NI Holdings, Inc. is an insurance holding company based in North Dakota, serving as the stock holding company of Nodak Insurance Company [5] - The Company was formed following the conversion of Nodak Mutual Insurance Company from a mutual to stock form on March 13, 2017 [5] - NI Holdings' financial statements consolidate results from NI Holdings, Nodak Insurance Company, and its wholly-owned subsidiaries [5]