Koniag was incorporated on June 23, 1972, to manage these assets on behalf of approximately 3,400 Alutiiq Shareholders who originated from the Kodiak Archipelago. Koniag’s original share of the ANCSA settlement was $24 million, 844 acres of land and the “subsurface estate” of around 900,000 acres. Through innovative strategies and prudent execution, Koniag has grown into a diversified holding company with portfolio companies and investments spanning multiple industries.