Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 377

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 377
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 2024. The classification within the fair value hierarchy is then confirmed based on the final conclusions from the
pricing review.

The valuation of money market accounts and equity securities
are generally based on Level 1 inputs, which use the market-approach valuation technique. The valuation of certain cash equivalents and
our fixed income securities generally incorporates significant Level 2 inputs using the market and income approach techniques. We may
assign a lower level to inputs typically considered to be Level 2 based on our assessment of liquidity and relative level of uncertainty
surrounding inputs. There were no assets or liabilities classified at Level 3 at September 30, 2025, or December 31, 2024.

The following tables set forth our assets which are measured
on a recurring basis by the level within the fair value hierarchy in which fair value measurements fall:

    September 30, 2025 

    Total  
    Level 1  
    Level 2  
    Level 3 
  
    Fixed income securities: 

    U.S. Government and agencies 
    $12,147  
    $—  
    $12,147  
    $— 
  
    Obligations of states and political subdivisions 
     45,785  
     —  
     45,785  
     — 
  
    Corporate securities 
     129,383  
     —  
     129,383  
     — 
  
    Residential mortgage-backed securities 
     70,086  
     —  
     70,086  
     — 
  
    Commercial mortgage-backed securities 
     28,665  
     —  
     28,665  
     — 
  
    Asset-backed securities 
     25,416  
     —  
     25,416  
     — 
  
    Redeemable preferred stock 
     3,289  
     —  
     3,289  
     — 
  
    Total fixed income securities 
     314,771  
     —  
     314,771  
     — 

    Equity securities - common stock 
     24,002  
     24,002  
     —  
     — 

    Money market accounts and cash equivalents 
     4,544  
     4,544  
     —