Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1018

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1018
---
 as follows:

     As of and For the Year Ended December 31,      2024   2023   2022   Operating lease cost  $383   $389   $391   Finance lease cost:                 Amortization of right-of-use assets   80    14    —   Interest on lease liabilities   21    4    —   Finance lease cost   101    18    —   Total lease cost  $484   $407   $391                     Other information on leases:                 Cash payments included in operating cash flows from operating leases  $406   $408   $340   Cash payments included in operating cash flows from finance leases   21    4    —   Cash payments included in financing cash flows from finance leases   99    16    —   Right-of-use assets obtained in exchange for new operating lease liabilities   185    247    —   Right-of-use assets obtained in exchange for new finance lease liabilities   —    319    —   Weighted average discount rate – operating leases   4.48%    3.94%    3.25%   Weighted average discount rate – finance leases   8.50%    8.50%    —   Weighted average remaining lease term in years – operating leases   4.5 years    5.3 years     6.3 years   Weighted average remaining lease term in years – finance leases   1.8 years    2.8 years    —  

89 

The following table presents the contractual maturities of the Company’s
lease liabilities for each of the five years in the period ending December 31, 2029, and thereafter, reconciled to our lease liability
at December 31, 2024:

    Year ending December 31, 
    Operating Leases  
    Finance Leases  
    Total 
  
    2025 
    $393  
    $120  
    $513 
  
    2026 
     396  
     100