Biography

Mr. Aasmundstad has served as Chairperson of the Board of Directors of NI Holdings, Inc. since its creation in March 2017.

Mr. Aasmundstad currently serves as Chairperson of the Nodak Mutual Group, Inc. Board of Directors, as well as Chairperson of the Board of Directors of Nodak Insurance Company, American West Insurance Company, and Battle Creek Mutual Insurance Company. Prior to the conversion of the mutual insurance company to a stock company and the creation of the mutual holding company, Mr. Aasmundstad served on the Board of Directors of Nodak Mutual Insurance Company from 1997 to 2017, and held the position of President of Nodak Mutual Insurance Company from 2008 to 2017.

Mr. Aasmundstad farms approximately 4,000 acres and, until 2012, operated a custom harvesting business. He has also owned a metalworking business since 2010. Mr. Aasmundstad served as president of the North Dakota Farm Bureau from 1999 through 2011. During his tenure as president of the North Dakota Farm Bureau, he served on the Board of Directors of American Agricultural Insurance Company, Inc., which provides reinsurance to Farm Bureau insurance companies and other independent insurers. Mr. Aasmundstad graduated from North Dakota State University with a degree in engineering.