Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 410

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1A
Chunk 410
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 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) 
     1  
     (217) 
     (492)
  
    Total revenues 
     (222) 
     (339) 
     (349)

    Expenses: 

    Other underwriting and general expenses 
     6,460  
     4,612  
     3,002 
  
    Total expenses 
     6,460  
     4,612  
     3,002 

    Loss before income taxes and equity in undistributed net income (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