Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 38

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 38
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 related to cybersecurity incidents.

Our Chief Executive Officer and Director of Information Systems also provide
periodic reports to the Audit Committee of the Board of Directors regarding ERMC activities and assessments, including those related to
cybersecurity and cybersecurity incidents. The Audit Committee of the board oversees our risk management program, which focuses on the
most significant risks we face in the short-, intermediate-, and long-term timeframes. Audit Committee meetings include discussions of
specific risk areas throughout the year, including, among others, those relating to cybersecurity threats, and reports from management
on our enterprise risk profile on an annual basis.

As of the date of this 2024 Annual Report, we are not aware of any risks
from cybersecurity threats that have materially affected or are reasonably likely to materially affect the Company, including our business
strategy, results of operations, or financial condition. Refer to the risk factor captioned “Cyberattacks, security breaches, or
similar events affecting the technologies and systems we rely on to operate our business and to maintain and protect sensitive Company
and customer data could disrupt our operations, harm our reputation, and result in material losses” in Part I, Item 1A, “Risk
Factors” for additional details regarding cybersecurity risks and potential impacts on our business.

Item 2.Properties

Our headquarters is located at 1101 First Avenue
North, Fargo, North Dakota, which is also the headquarters of Nodak Insurance. Nodak Insurance owns this building and leases a portion
of the building to the NDFB and to AFBIS.

Battle Creek owns the building in which its offices
are located at 603 South Preece Street, Battle Creek, Nebraska.

Tri-State Ltd. leases the building at 506 5th
Street, Spearfish, South Dakota.

Direct Auto leases office space at 8700 West Bryn
Mawr Avenue, Chicago, Illinois under a lease that expires on August 31, 2029.

We believe that the offices currently occupied
by each of our subsidiaries are sufficient for their needs and any expected internal growth in the near future.

Item 3.Legal Proceedings

We are party to litigation in the normal course
of business. Based upon information presently available to us, we do not consider any litigation to be material. However, given the inherent
uncertainties of litigation, we cannot assure you that our results of operations and financial condition will not be materially adversely
affected by any litigation.

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Item 4.Mine Safety Disclosures