Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 3170

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 14
Chunk 3170
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RL (Extensible
Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of
Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, and otherwise is not subject to liability under these sections.

#       Management contract or
compensatory plan or arrangement.

  Item 16.
  Form 10-K Summary

None.

108 

Schedule I – Condensed financial information of registrant
– NI Holdings, Inc.

    Condensed Balance Sheets

    December 31, 

    2024  
    2023 
  
    Assets: 

    Cash and cash equivalents 
    $3,345  
    $308 
  
    Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at December 31, 2024 and 2023) 
     3,999  
     810 
  
    Equity securities, at fair value 
     14  
     13 
  
    Total cash and investments 
     7,358  
     1,131 

    Income tax recoverable 
     7,126  
     844 
  
    Accrued investment income 
     60  
     1 
  
    Investment in wholly-owned subsidiaries 
     230,311  
     246,360 
  
    Deferred income taxes 
     476  
     427 
  
    Total assets 
    $245,331  
    $248,763 

    Liabilities: 

    Accrued expenses and other liabilities 
    $700  
    $1,122 
  
    Total liabilities 
     700  
     1,122 

    Shareholders’ equity 
     244,631  
     247,641 
  
    Total liabilities and shareholders’ equity 
    $245,331  
    $248,763 

109 

    Condensed Statements of Operations

    Year Ended December 31, 

     2024  
     2023  
     2022 
  
    Revenues: 

    Net investment income (loss) 
    $(223) 
    $(122) 
    $143 
  
    Net investment gains (losses)