Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 18

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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curities by contractual maturity, presented on a consolidated basis, are shown below. Actual maturities could differ from contractual
maturities because issuers may have the right to call or prepay these securities.

    September 30, 2025 

    Amortized Cost  
    Fair Value 
  
    Due to mature: 

    One year or less 
    $8,799  
    $8,726 
  
    After one year through five years 
     81,127  
     79,139 
  
    After five years through ten years 
     64,881  
     64,237 
  
    After ten years 
     39,930  
     35,213 
  
    Mortgage / asset-backed securities 
     131,213  
     124,167 
  
    Redeemable preferred stocks 
     3,736  
     3,289 
  
    Total fixed income securities 
    $329,686  
    $314,771 

    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 

12 

Fixed income securities with a fair value of $4,556 at September
30, 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