Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 379

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1A
Chunk 379
---
 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  
     496 
  
    2027 
     401  
     —  
     401 
  
    2028 
     376  
     —  
     376 
  
    2029 
     212  
     —  
     212 
  
    Thereafter 
     —  
     —  
     — 
  
    Total undiscounted lease payments 
     1,778  
     220  
     1,998 
  
    Less: present value adjustment 
     160  
     15  
     175 
  
    Lease liability at December 31, 2024 
    $1,618  
    $205  
    $1,823 

16.       Contingencies

We are, from time to time, party to routine litigation incidental
to the normal course of our business. Based upon information presently available to us, we do not consider any litigation to be material.
However, given the uncertainties attendant to litigation, we cannot assure you that our results of operations and financial condition
will not be materially adversely affected by any litigation. Contingent liabilities arising from litigation, income