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Nodak Insurance Timeline

Our History

THE BEGINNING

April 1946

The North Dakota Farm Bureau starts its own insurance company for its farmers and ranchers. With a $500 investment from 100 North Dakota Farm Bureau members, Nodak Mutual Insurance Company was born. Initial coverages included car, truck and farm liability insurance.

1946

G.W. "Bill" Nygaard was appointed General Manager of the newly born company in 1946. From this date to his retirement in June 1968, the company grew from assets of $162,024 (Dec. 31, 1946) to $4,174,243 on June 30, 1968.

1946-1954

Nodak's first home was the second floor of the Fargo National Bank building, which is currently the home of Fort Noks on Broadway and NP Avenue. North Dakota Farm Bureau occupied the third floor. Nodak stayed at that location until December 1954.

1955

Nodak moved to current location on First Avenue North in downtown Fargo.

1968

Harold Grommesh takes over as CEO until 1988. Homeowner's insurance added.

1970

Assets of $5.4 million. Commercial insurance added.

1971

25th Anniversary. Surplus of $3.66 million and 170 agents throughout North Dakota.

1981

Construction begins on a $1 million addition to the west side of Nodak Mutual Insurance building.

1988

Gene Nygaard, son of Nodak's original president Bill Nygaard, takes over as CEO.

1996

Nodak celebrates 50 years. $64 million in premium, 120 employees and 80 agents.

1998

New addition to east side of building

2001

Nodak Mutual acquires American West Insurance, a multi-state licensed property/casualty company, that actively writes in South Dakota, Minnesota and North Dakota.

2003

In 2003, Nodak joins the elite company of other national auto insurers and becomes a member of the Insurance Institute for Highway Safety (IIHS).

2005

Michael James Alexander becomes CEO of Nodak Mutual Insurance, which had a surplus of $40.7 million and an AM Best Rating of B++.

2007

Nodak adopts its current tagline.

2008

Surplus is $63.1 million - A.M. Best Rating of A-

2011

Affiliation of Battle Creek Mutual Insurance Company, a domestic property/casualty insurer, located in Battle Creek, Nebraska.

2013

Nodak achieves milestone of $100 million in surplus - A.M. Best Rating of A.

2014

Nodak acquired Primero, a South Dakota-based non-standard auto insurer writing in Nevada, Arizona, North Dakota and South Dakota.

2017

After 70 years of operating as a mutual insurance company, Nodak Mutual Insurance is converted to a stock insurance company, Nodak Insurance Company. Nodak's stock holding company, NI Holdings Inc., is listed and traded on the NASDAQ exchange.

2018

National footprint continues to grow with the acquisition of auto carrier Direct Auto, a non-standard auto writer, based in Chicago, Illinois.

2020

Based in Maryland, Westminster American Insurance Company becomes part of the Nodak Mutual Group. Westminster specializes in commercial insurance in several states along the Eastern seaboard.

2020

Nodak Insurance Company named to Ward's Top 50 Property/Casualty companies for the 8th year in a row.

2021

Nodak Insurance Group is poised for the future with $314 million of premium writings and $283 million of policyholder surplus.


Delivering on our promise since 1946



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