Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1400

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 4
Chunk 1400
---
) 
    $236,064  
    $239,450  
    $(3,386) 
    $236,064 

62 

Consolidated Statements of Cash Flows (Unaudited)

    Six Months Ended June 30, 2024 

    As Reported  
    Adjustment  
    As Restated 
  
    Net income (loss) 
    $(9,817) 
    $(3,386) 
    $(13,203)
  
    Net cash flows from operating activities – loss on sale of discontinued operations 
    $15,865  
    $3,386  
    $19,251 
  
    Total adjustments 
    $43,065  
    $3,386  
    $46,451 

The notes to the consolidated financial statements as well as Management’s
Discussion and Analysis of Financial Condition and Results of Operations were also amended as necessary as a result of the restatements
outlined above.

63 

4.       Investments

The amortized cost and estimated fair value of fixed income
securities, presented on a consolidated basis, including both continuing and discontinued operations, as of December 31, 2024, and December
31, 2023, were as follows:

    December 31, 2024 

    Cost or
 Amortized 
Cost  
    Allowance for
 Expected 
Credit Losses  
    Gross
 Unrealized 
Gains  
    Gross 
Unrealized 
Losses  
    Fair Value 
  
    Fixed income securities: 

    U.S. Government and agencies 
    $12,601  
    $—  
    $8  
    $(335) 
    $12,274 
  
    Obligations of states and political subdivisions 
     48,559  
     —  
     184  
     (4,920) 
     43,823 
  
    Corporate securities 
     123,585  
     —  
     206  
     (7,517) 
     116,274 
  
    Residential mortgage-backed securities 
     53,714  
     —  
     44  
     (4,981) 
     48,777 
  
    Commercial mortgage-backed securities 
     30,062  
     —  
     65  
     (2,