Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 2707

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 9B
Chunk 2707
---
 (loss) of subsidiaries 
     (6,682) 
     (4,951) 
     (3,351)
  
    Income tax benefit 
     (665) 
     (111) 
     (1,124)
  
    Loss before equity in undistributed net income (loss) of subsidiaries 
     (6,017) 
     (4,840) 
     (2,227)

    Equity in undistributed net income (loss) of subsidiaries 
     11,105  
     (636) 
     (50,869)
  
    Loss on sale of discontinued operations, net of tax 
     (11,148) 
     —  
     — 
  
    Net loss attributable to NI Holdings, Inc. 
    $(6,060) 
    $(5,476) 
    $(53,096)

    Condensed Statements of Comprehensive Income

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net loss attributable to NI Holdings, Inc. 
    $(6,060) 
    $(5,476) 
    $(53,096)
  
    Other comprehensive income (loss), net of income taxes: 

    Unrealized gain (loss) on investments 
     7  
     15  
     (165)
  
    Unrealized gain (loss) attributed to subsidiaries 
     (160) 
     7,887  
     (34,358)
  
    Other comprehensive income (loss), net of income taxes 
     (153) 
     7,902  
     (34,523)
  
    Comprehensive income (loss) 
    $(6,213) 
    $2,426  
    $(87,619)

110 

    Condensed Statements of Cash Flows

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash flows from operating activities: 

    Net income (loss) attributable to NI Holdings, Inc. 
    $(6,060) 
    $(5,476) 
    $(53,096)
  
    Adjustments to reconcile net income (loss) attributable to NI Holdings, Inc. to net cash flows from operating activities: 

    Equity in undistributed net income of subsidiaries 
     (11,