NI Holdings appoints Kelly Dawson as chief human resources officer

FARGO, N.D. - NI Holdings, Inc. (NASDAQ:NODK), a $278 million market cap insurance holding company trading at a relatively high P/E multiple of 45x, has appointed Kelly Dawson as Senior Vice President and Chief Human Resources Officer, the company announced Thursday.

In this newly created position, Dawson will oversee all human resources functions including talent acquisition, employee engagement, compliance and organizational development. She brings more than 20 years of human resources experience from leadership roles at multiple companies.

"Bringing Kelly on board is a meaningful step in our ongoing commitment to attracting, developing and retaining exceptional talent that will help support the company’s initiatives," said Seth Daggett, President and Chief Executive Officer, in a press release statement.

Dawson holds a master’s degree from Claremont Graduate University and an undergraduate degree from Stetson University.

NI Holdings is the parent company of Nodak Insurance Company, which converted from a mutual to stock form of organization in March 2017. The company’s consolidated financial results include Nodak Insurance and its wholly-owned subsidiaries American West Insurance Company, Primero Insurance Company, and Battle Creek Insurance Company, as well as Direct Auto Insurance Company and Westminster Insurance Company until its sale. According to InvestingPro data, the company generates annual revenue of $322 million and maintains profitability despite facing challenges with gross margins.

The company’s latest financial information is available in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission, with its next earnings report scheduled for August 6, 2025. InvestingPro subscribers have access to over 30 additional financial metrics and analysis tools to evaluate NODK’s performance and prospects.

In other recent news, NI Holdings has announced a strategic reshuffle of its executive team, aiming to enhance its long-term growth and core business strategies. Kevin Elfstrand has been promoted to Senior Vice President and Chief Accounting Officer, bringing over two decades of experience in the property and casualty insurance sector. Brandon Nicol, with 19 years in the industry, has been elevated to Senior Vice President of Reinsurance and Chief Underwriting Officer, where he will lead underwriting strategy and reinsurance operations. Chris Oen has been appointed as Senior Vice President and Chief Claims Officer, continuing his leadership of the Claims department with 30 years of industry experience. Dominic Weber has been promoted to Senior Vice President and Chief Actuary, focusing on reserving, ratemaking, and predictive analytics. Additionally, Doug Duncan joins as Senior Vice President and Chief Information Officer, a newly created position to guide the company’s technology strategy. These appointments are part of NI Holdings’ efforts to strengthen its execution of core business strategies. The company expressed confidence in the new executives’ ability to advance strategic priorities.

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