Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1900

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 6
Chunk 1900
---
,272  
     —  
     — 
  
    Net cash flows from investing activities 
     9,101  
     6,204  
     12,197 

    Cash flows from financing activities: 

    Dividend from subsidiaries 
     —  
     —  
     3,000 
  
    Purchase of treasury stock 
     —  
     (7,278) 
     (4,180)
  
    Installment payment on Westminster consideration payable 
     —  
     —  
     (13,333)
  
    Issuance of vested award shares 
     (158) 
     (172) 
     (768)
  
    Net cash flows from financing activities 
     (158) 
     (7,450) 
     (15,281)

    Net decrease in cash and cash equivalents 
     3,037  
     (3,483) 
     (4,952)

    Cash and cash equivalents at beginning of period 
     308  
     3,791  
     8,743 

    Cash and cash equivalents at end of period 
    $3,345  
    $308  
    $3,791 

Note A – Basis of Presentation

In the parent-company-only financial statements, the Company’s
investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since inception. The parent-company-only
financial statements should be read in conjunction with the Company’s consolidated financial statements.

Note B – Dividends from Subsidiaries

The Company received no cash dividends from its subsidiaries during
the years ended December 31, 2024 and 2023. A cash dividend of $3,000 was received from Nodak Insurance during the year ended December
31, 2022.

111 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized
on March 7, 2025.

NI HOLDINGS, INC.

/s/ Seth C. Daggett	
Seth C. Daggett
President and Chief Executive Officer
(Principal Executive Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report