Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 1
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odak Insurance to appoint two-thirds
of the Battle Creek Mutual Insurance Company Board of Directors. As of January 2, 2024, the North Dakota Secretary of State approved the
conversion of Battle Creek Mutual Insurance Company from a mutual insurance company to a stock insurance company. In accordance with the
approved plan of conversion, the name of Battle Creek Mutual Insurance Company became Battle Creek Insurance Company, the surplus note
was considered paid in full as of the conversion date, and Battle Creek became a wholly-owned subsidiary of Nodak Insurance;

●Direct Auto Insurance Company (“Direct Auto”) – a wholly-owned subsidiary of NI Holdings; and

●Westminster American Insurance Company (“Westminster”) – a wholly-owned subsidiary of NI Holdings until it was sold
to Scott Insurance Holdings, LLC (“Scott Insurance Holdings”) on June 30, 2024.

2 

A chart of the corporate structure as of December 31, 2024, and a
more complete description of each of the NI Holdings subsidiaries, is included below.

    NI HOLDINGS, INC.
ORGANIZATIONAL CHART

    Nodak Mutual Group, Inc.

    ≥ 60%

    ownership

    NI Holdings, Inc.

    100%

    100%

    ownership

    ownership

    Direct Auto Insurance Company
     
    Nodak Insurance Company

    100%

    100%

    100%

    100%

    ownership

    ownership

    ownership

    ownership

    Nodak Agency, Inc.
     
    American West Insurance Company
     
    Battle Creek Insurance Company
     
    Tri-State, Ltd

    100%

    ownership

    Primero Insurance Company

The executive offices of NI Holdings and Nodak
Insurance are located at 1101 First Avenue North, Fargo, North Dakota 58102, and the main office phone number is 701-298-4200. NI Holdings’
website address is www.niholdingsinc.com. The Company makes available on its website, free of charge, its Annual Reports on Form
10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) as soon as reasonably practicable after it electronically
files such material with, or furnish it to, the United States Securities and Exchange Commission (“SEC”). Information contained