Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 43

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
---
 lease term in years – finance leases   1.3 years    2.3 years    1.3 years    2.3 years  

The following table presents the contractual maturities of the Company’s
lease liabilities for each of the five years in the period ending December 31, 2029, and thereafter, reconciled to our lease liability
at June 30, 2025:

    Year ending December 31, 
    Operating Leases  
    Finance Leases  
    Total 
  
    2025 (six months remaining) 
    $198  
    $60  
    $258 
  
    2026 
     396  
     100  
     496 
  
    2027 
     401  
     —  
     401 
  
    2028 
     376  
     —  
     376 
  
    2029 
     212  
     —  
     212 
  
    Thereafter 
     —  
     —  
     — 
  
    Total undiscounted lease payments 
     1,583  
     160  
     1,743 
  
    Less: present value adjustment 
     127  
     8  
     135 
  
    Lease liability at June 30, 2025 
    $1,456  
    $152  
    $1,608 

26 

  15.
  Contingencies

We are, from time to time, party to routine litigation incidental
to the normal course of our business. Based upon information presently available to us, we do not consider any litigation to be material.
However, given the uncertainties attendant to litigation, we cannot assure you that our results of operations and financial condition
will not be materially adversely affected by any litigation. Contingent liabilities arising from litigation, income taxes, and other matters
are not considered to be material to our financial position.

16.Common and Preferred Stock

Common Stock

Changes in the number of common stock shares outstanding
were as follows:

    Six Months Ended June 30, 

    2025  
    2024 
  
    Shares outstanding, beginning of period 
     20,673,268  
     20,599,908 
  
    Treasury shares repurchased through stock repurchase authorization