Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 139

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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   —    —    —    —   Weighted average discount rate – operating leases   4.46%    4.46%    4.46%    4.46%   Weighted average discount rate – finance leases   8.50%    8.50%    8.50%    8.50%   Weighted average remaining lease term in years – operating leases   4.0 years    4.9 years    4.0 years    4.9 years   Weighted average remaining lease term in years – finance leases   1.3 years    2.3 years    1.3 years    2.3 years  

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 June 30, 2025:

    Year ending December 31, 
    Operating Leases  
    Finance Leases  
    Total 
  
    2025 (six months remaining) 
    $198  
    $60  
    $258 
  
    2026 
     396  
     100  
     496 
  
    2027 
     401  
     —  
     401 
  
    2028 
     376  
     —  
     376 
  
    2029 
     212  
     —  
     212 
  
    Thereafter 
     —  
     —  
     — 
  
    Total undiscounted lease payments 
     1,583  
     160  
     1,743 
  
    Less: present value adjustment 
     127  
     8  
     135 
  
    Lease liability at June 30, 2025 
    $1,456  
    $152  
    $1,608 

26 

  15.
  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