NODK FY2025 SEC EDGAR DEF 14A #41 of 56 in industry

NI Holdings, Inc. CEO pay ratio

The CEO earned $2.7M in FY2025 against median worker pay of $82,856 · Insurance Carriers.

Insurance Carriers peers All rankings
State
ND
Filing date
2026-04-08
Industry
Insurance Carriers
Industry rank
#41/56

Data updated August 2026

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CEO-to-worker pay ratio
32:1
Below Average (Scale: 0–1000:1)
CEO pay
$2.7M
Median worker
$82,856

Answer first

NI Holdings, Inc.'s FY2025 CEO total of $2.7M ranks #1111 of 1,423 complete filings; its 32:1 pay ratio ranks #1121. Dollar rank is not ratio rank.

According to the same FY2025 complete-filing cohort used on the rankings boards (CEO total, median worker, and ratio all present). Median worker pay is $82,856. Industry placement uses the FY2025 SIC-63 peer cohort (# 41 of 56, 29th percentile - below the industry median pay ratio). Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Insurance Carriers companies.

Dollar rank
#1111
$2.7M of 1,423 FY2025
Ratio rank
#1121
32:1 of 1,423
Industry pct
29th
below the industry median pay ratio

How NI Holdings, Inc. ranks nationally

NI Holdings, Inc. CEO pay vs. every FY2025 complete filing

Total CEO compensation, the full national distribution, this company marked

$2,651,392 22nd percentile higher than 22% of 1,423 companies

$0–$2,500,000: 304 companies (21%). Below this entry. $2,500,000–$5,000,000: 182 companies (13%). This entry sits in this band. $5,000,000–$7,500,000: 208 companies (15%). Above this entry. $7,500,000–$10,000,000: 192 companies (13%). Above this entry. $10,000,000–$12,500,000: 139 companies (10%). Above this entry. $12,500,000–$15,000,000: 91 companies (6%). Above this entry. $15,000,000–$17,500,000: 88 companies (6%). Above this entry. $17,500,000–$20,000,000: 54 companies (4%). Above this entry. $20,000,000–$22,500,000: 24 companies (2%). Above this entry. $22,500,000–$25,000,000: 34 companies (2%). Above this entry. $25,000,000–$27,500,000: 24 companies (2%). Above this entry. $27,500,000–$30,000,000: 16 companies (1%). Above this entry. $30,000,000–$32,500,000: 10 companies (1%). Above this entry. $32,500,000–$35,000,000: 7 companies (0%). Above this entry. $35,000,000–$37,500,000: 9 companies (1%). Above this entry. $37,500,000–$40,000,000: 6 companies (0%). Above this entry. $40,000,000–$42,500,000: 1 companies (0%). Above this entry. $42,500,000–$45,000,000: 1 companies (0%). Above this entry. $45,000,000–$47,500,000: 6 companies (0%). Above this entry. $47,500,000–$50,000,000: 27 companies (2%). Above this entry. This company $0 $50M+ every complete-filing company, bucketed by value

Each bar is a $2500K-wide band; taller bars hold more companies. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source SEC DEF 14A Section 953(b) disclosures, PlainCEOPay extract · FY2025

NI Holdings, Inc. vs. Insurance Carriers peers

CEO total pay ($2.7M) against pay ratio (32:1) for NI Holdings, Inc. (marked) and its 4 closest same-industry peers, against the Insurance Carriers industry median on both axes.

Pay + gap both highContained pay, wide gapHigh pay, contained gapBelow peer norms on both02179806.24359612.36539418.58719224.728.1:138.8:149.5:160.2:171.0:1CEO total payPay ratio (CEO : median worker)NI Holdings, Inc., CEO total pay: 2651392 · Pay ratio (CEO : median worker): 32:1NI Holdings, Inc.Amerisafe Inc, CEO total pay: 2400000 · Pay ratio (CEO : median worker): 32:1Amerisafe IncEmployers Holdings, Inc., CEO total pay: 3269670 · Pay ratio (CEO : median worker): 30:1Employers Holdings, Inc.Trupanion, Inc., CEO total pay: 101692 · Pay ratio (CEO : median worker): 41:1Trupanion, Inc.Skyward Specialty Insurance Group, Inc., CEO total pay: 5535000 · Pay ratio (CEO : median worker): 41:1Skyward Specialty Insurance Group, Inc.
NI Holdings, Inc. vs. Insurance Carriers peers, plotted against the industry's $8.3M median CEO total and 69:1 median pay ratio.

Ratio bands among Insurance Carriers peers

Exclusive CEO-to-median-worker bands across 51 complete latest-FY filings in SIC 63. Segments sum to the peer set, not this company's compensation pillar.

CEO Compensation Breakdown, FY2025

A component-level pay breakdown is not reported in NI Holdings, Inc.'s structured SEC pay-ratio disclosure. See our methodology →

Filing-year trail · NI Holdings, Inc.

Complete DEF 14A pay-ratio filings for this CIK across FY2022–2025. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).

Latest ratio
32:1
FY2025
vs prior FY
+2:1
from FY2024 30:1
CEO $ YoY
+19%
$2.7M latest
Filings shown
3
FY2022–2025
NI Holdings, Inc. CEO total compensation, median worker pay, and pay ratio by fiscal year from SEC EDGAR DEF 14A.
FY CEO pay Δ pay Median worker Pay ratio Δ ratio
2022 $2.3M - $77,926 29:1 -
2024 $2.2M -1.8% $73,966 30:1 +1:1
2025 $2.7M +19% $82,856 32:1 +2:1

Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 1681206, FY2022–2025. Adjacent-year deltas only.

Industry Comparison - Insurance Carriers

This Company's Ratio
32:1
Industry Median Ratio
69:1
Industry Median CEO Pay
$8.3M
This CEO's Pay
$2.7M
Companies in Industry
56
vs. Industry Median
Below
#41 of 56 by pay ratio in this industry View all companies in Insurance Carriers →

NI Holdings, Inc.: MODEST · MID$ pay ratio

NI Holdings, Inc.'s FY2025 ratio 32:1 ranks #41 of 56 Insurance Carriers filers (29th percentile). the CEO earned 32× the median employee ($82,856) in FY2025.

Median employee $82,856 (HIGH-MED); MODEST · MID$ stamps put about 32 median-wage years per CEO year.

CEO Total Pay

$2.7M

FY2025 Summary Compensation, below median

Pay Ratio

32:1

Below typical

NI Holdings, Inc. in the lower Insurance Carriers third

NI Holdings, Inc.'s FY2025 ratio 32:1 ranks #41 of 56 Insurance Carriers filers (29th percentile). The structured pay-ratio disclosure reports the total without line-item components. Insurance Carriers (SIC 63) median ratio is 69:1 across 56 FY2025 filers; NI Holdings, Inc.'s $2.7M CEO total is at or below the $8.3M industry median CEO pay.

Dollar rank #1111 and ratio rank #1121 split - treat 32:1 as a disclosure, not a fairness score. Open Insurance Carriers peers.

Key Data, FY2025

Total Compensation
$2.7M
Median Employee Pay
$82,856
Pay Ratio
32:1
Filing Date
2026-04-08

Company Info

Ticker
NODK
CIK
1681206
Industry
Insurance Carriers
SIC Code
6331
State
ND
View SEC filings →
SEC EDGAR DEF 14A for CIK 1681206, FY2025. Informational only, not investment advice. Verify on EDGAR.

Read our methodology - how this data is sourced, computed, and verified. NI Holdings, Inc.'s FY2025 ratio 32:1 ranks #41 of 56 Insurance Carriers filers (29th percentile).

Read with NI Holdings, Inc.

ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps MODEST · MID$ · HIGH-MED.

Viemed Healthcare, Inc. · MID$

ABS(ceo_total_comp) peer at $2.6M (Δ $15K lighter vs NI Holdings, Inc.); MODEST · LOW-MED vs this page's MODEST · MID$ · HIGH-MED.
Haverty Furniture Companies Inc · MID$

ABS(ceo_total_comp) peer at $2.7M (Δ $15K heavier vs NI Holdings, Inc.); MODEST · HIGH-MED vs this page's MODEST · MID$ · HIGH-MED.
NIQ Global Intelligence plc · MID$

ABS(ceo_total_comp) peer at $2.6M (Δ $28K lighter vs NI Holdings, Inc.); MID · LOW-MED vs this page's MODEST · MID$ · HIGH-MED.
Aspen Aerogels Inc · MID$

ABS(ceo_total_comp) peer at $2.7M (Δ $34K heavier vs NI Holdings, Inc.); MID · LOW-MED vs this page's MODEST · MID$ · HIGH-MED.
Amerisafe Inc (SIC 63 pole)

Amerisafe Inc stamps MODEST · MID$ nearest in-SIC by ABS(pay_ratio) to NI Holdings, Inc.'s MODEST filing.
National dual ranks · #1111/#1121

NI Holdings, Inc.'s FY2025 package sits #1111 by CEO dollars and #1121 by ratio under MID$ · MODEST.
Ratio primer · MODEST

NI Holdings, Inc.'s MODEST stamp sits in the lower Item 402(u) band - start with how the ratio is disclosed before comparing peers.
Data sourced from SEC EDGAR DEF 14A for NI Holdings, Inc. (CIK 1681206), FY2025. See our methodology. Aggregated by PlainCEOPay as of August 2026.

Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.