Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 766

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 766
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86,185  
     79,281 
  
    After ten years 
     47,806  
     42,620 
  
    Mortgage / asset-backed securities 
     152,586  
     139,631 
  
    Redeemable preferred stocks 
     4,747  
     4,161 
  
    Total fixed income securities 
    $376,730  
    $347,731 

Fixed income securities with a fair value of $5,634 at December 31,
2024, and $6,403 at December 31, 2023, were deposited with various state regulatory agencies as required by law. The Company has not pledged
any assets to secure any obligations.

The investment category and duration of the Company’s
gross unrealized losses on fixed income securities, presented on a consolidated basis, including both continuing and discontinued operations,
are shown below. Investments with unrealized losses are categorized with a duration of greater than 12 months when all positions of a
security have continually been in a loss position for at least 12 months.

    December 31, 2024 

    Less than 12 Months  
    Greater than 12 months  
    Total 

    Fair Value  
    Unrealized
 Losses  
    Fair Value  
    Unrealized
 Losses  
    Fair Value  
    Unrealized
 Losses 
  
    Fixed income securities: 

    U.S. Government and agencies 
    $5,443  
    $(109) 
    $4,177  
    $(226) 
    $9,620  
    $(335)
  
    Obligations of states and political subdivisions 
     8,465  
     (143) 
     29,428  
     (4,777) 
     37,893  
     (4,920)
  
    Corporate securities 
     25,790  
     (481) 
     76,364  
     (7,036) 
     102,154  
     (7,517)
  
    Residential mortgage-backed securities 
     20,827  
     (451) 
     23,159  
     (4,530) 
     43,986  
     (4,981)
  
    Commercial mortgage-backed securities 
     1,409  
     (50)