Exhibit 10.19

NI HOLDINGS, INC

SHORT-TERM INCENTIVE BONUS PLAN

EFFECTIVE JANUARY 1, 2026

 

INCENTIVE PLAN	COMPONENTS
Plan Objectives	·     Reward performance ·     Encourage teamwork ·     Focus employees on success factors
Participants	·     Employees with employment date on or before January 1 and employed on December 31 of the plan year ·     Employees on a Performance Improvement Plan are excluded
Performance Period	·     Results from January 1 – December 31
Payout Frequency	·     Annually – on or prior to April 15
Performance Tracking	·     Quarterly reports published on company employee portal
Establishment of Goal Percentages	·     Recommended by CEO and approved by NI Holdings, Inc. Board of Directors
Verification of Goals	·     Reports provided to Compensation Committee
Payout Calculation	·     Total of three goals: 1.     Combined Ratio 2.     Strategic Initiatives 3.     Personal performance   ·     Target, Threshold, and Stretch goals established annually and approved by compensation committee ·     Eligible Employees o      Employees are eligible to receive stated amount for each goal achieved multiplied by their earned salary for the calendar year (does not include bonuses or certain other compensation)
Other	·     Board retains discretion on payment of Plan.