Item 7.01. Regulation FD Disclosure.

On January 3, 2020, NI Holdings, Inc., a North Dakota corporation (the "Company"), issued a press release announcing that it had closed the previously announced acquisition of all of the issued and outstanding shares of capital stock of Westminster American Insurance Company ("Westminster"). 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 7.01 and the Exhibit 99.1 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 Items.

On January 1, 2020, the Company completed the previously announced acquisition of all of the issued and outstanding shares of capital stock of Westminster. The acquisition closed pursuant to a Stock Purchase Agreement (the "Purchase Agreement") dated October 28, 2019 with Westminster American, LLC, a Maryland limited liability company ("Seller"), and John Scott, Sr. The purchase price paid by the Company at the closing was $20,000,000 in cash. The Company also agreed to pay to the Seller on each of the first and second anniversaries of the closing, and on the first business day of the month preceding the third anniversary of the closing, an amount equal to one-third of $20,000,000.

The Maryland Insurance Administration approved the acquisition on December 19, 2019.

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