Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 14

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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    December 31, 2024 

    Amortized Cost  
    Fair Value 
  
    Due to mature: 

    One year or less 
    $5,750  
    $5,696 
  
    After one year through five years 
     57,986  
     55,882 
  
    After five years through ten years 
     79,544  
     74,070 
  
    After ten years 
     41,465  
     36,723 
  
    Mortgage / asset-backed securities 
     142,822  
     132,092 
  
    Redeemable preferred stocks 
     3,737  
     3,249 
  
    Total fixed income securities 
    $331,304  
    $307,712 

11 

Fixed income securities with a fair value of $4,469 at March 31,
2025, and $5,634 at December 31, 2024, were deposited with various state regulatory agencies as required by law. The Company has not pledged
any assets to secure any obligations.

The investment category and duration
of the Company’s gross unrealized losses on fixed income securities, presented on a consolidated basis, are shown below. Investments
with unrealized losses are categorized with a duration of greater than 12 months when all positions of a security have continually been
in a loss position for at least 12 months.

    March 31, 2025 

    Less than 12 Months  
    Greater than 12 months  
    Total 

    Fair Value  
    Unrealized
 Losses  
    Fair Value  
    Unrealized
 Losses  
    Fair Value  
    Unrealized
 Losses 
  
    Fixed income securities: 

    U.S. Government and agencies 
    $1,321  
    $(22) 
    $4,237  
    $(165) 
    $5,558  
    $(187)
  
    Obligations of states and political subdivisions 
     8,535  
     (411) 
     31,964  
     (5,258) 
     40,499  
     (5,669)
  
    Corporate securities 
     18,191  
     (218) 
     77,089  
     (5,729)