Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 98

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 98
---
 and income approach techniques. We may assign
a lower level to inputs typically considered to be Level 2 based on our assessment of liquidity and relative level of uncertainty surrounding
inputs. There were no assets or liabilities classified at Level 3 at March 31, 2025, or December 31, 2024.

14 

The following tables set forth our assets which are measured on
a recurring basis by the level within the fair value hierarchy in which fair value measurements fall:

    March 31, 2025 

    Total  
    Level 1  
    Level 2  
    Level 3 
  
    Fixed income securities: 

    U.S. Government and agencies 
    $12,608  
    $—  
    $12,608  
    $— 
  
    Obligations of states and political subdivisions 
     45,449  
     —  
     45,449  
     — 
  
    Corporate securities 
     124,258  
     —  
     124,258  
     — 
  
    Residential mortgage-backed securities 
     69,640  
     —  
     69,640  
     — 
  
    Commercial mortgage-backed securities 
     27,354  
     —  
     27,354  
     — 
  
    Asset-backed securities 
     31,829  
     —  
     31,829  
     — 
  
    Redeemable preferred stock 
     3,165  
     —  
     3,165  
     — 
  
    Total fixed income securities 
     314,303  
     —  
     314,303  
     — 

    Equity Securities - Common stock 
     25,584  
     25,584  
     —  
     — 

    Money market accounts and cash equivalents 
     11,698  
     11,698  
     —  
     — 
  
    Total assets at fair value 
    $351,585  
    $37,282  
    $314,303  
    $— 

    December 31, 2024 

    Total  
    Level 1  
    Level 2  
    Level 3 
  
    Fixed income