NI Holdings reveals $5 million stock buyback initiative
Stock Repurchase Authorization: NI Holdings' board has approved a new authorization for the repurchase of up to $5 million of its common stock.
Previous Authorization Remaining: This new authorization is in addition to approximately $1.3 million remaining from a prior repurchase plan announced on May 9, 2022.
Total Available for Repurchase: The total amount available for repurchase now stands at approximately $6.3 million.
Company's Strategy: The stock repurchase initiative reflects the company's strategy to manage its outstanding shares effectively.
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NI Holdings, Inc. Reveals Change in Leadership
Leadership Change at NI Holdings: Seth Daggett has resigned as President and CEO of NI Holdings, with Cindy Launer appointed as his successor, effective October 10, 2025.
Cindy Launer's Background: Launer, who previously served as Interim CEO and has extensive experience in the insurance industry, is expected to lead the company towards sustainable growth while remaining on the Board of Directors.
Cindy Launer Named CEO of NI Holdings
Leadership Change: Seth Daggett has resigned as President and CEO of NI Holdings, effective immediately, to pursue other opportunities.
New Appointment: Cindy Launer, with 18 years of insurance industry experience, has been appointed as the new President and CEO, and will also continue to serve on the Board.
