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EX-99.1 - EX-99.1 - NI Holdings, Inc.ex99-1.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  January 11, 2018

 

 
NI Holdings, Inc.
(Exact name of registrant as specified in its charter)
         
North Dakota   001-37973   81-2683619
(State or other jurisdiction of incorporation)  

(Commission

File Number)

 

(IRS Employer

Identification No.)

         

1101 First Avenue North

Fargo, North Dakota

(Address of principal executive offices)
 
58102
(Zip code)
 
(701) 298-4200
(Registrant’s telephone number, including area code)
 
N/A
(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company [X]  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [ ]

 

 
Item 2.02.Results of Operations and Financial Condition.

On January 11, 2018, the Company issued a press release announcing its new reportable segments. The press release also announces that a new Financial Supplement document is now available on the Company’s website. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.

The information in this Item 2.02 and the Exhibit attached hereto is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

 

Item 8.01.Other Events.

As disclosed above, the Company has announced it will report results in new reportable segments starting with fourth quarter 2017 results. The five reportable segments will include:

·Private Passenger Auto Insurance
·Non-Standard Auto Insurance
·Home and Farm Insurance
·Crop Insurance
·All Other

The primary change from the previous reporting structure will be to split the Other Property & Casualty segment into (1) Private Passenger Auto Insurance, (2) Home and Farm Insurance, and (3) All Other.

 

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

 

   
Exhibit Number     Description
99.1     Press Release dated January 11, 2018.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  NI Holdings, Inc.
   
   
Date: January 11, 2018 By: /s/ Michael J. Alexander
    Michael J. Alexander
    President and Chief Executive Officer

 

 

 

EXHIBIT INDEX

 

   
Exhibit Number     Description
99.1     Press Release dated January 11, 2018.