Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1263

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 1263
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(2,237) 
     (1,868)

    Cash flows from investing activities: 

    Proceeds from maturities and sales of fixed income securities 
     789  
     223  
     9,942 
  
    Proceeds from sales of equity securities 
     —  
     6,863  
     4,278 
  
    Purchases of fixed income securities 
     (3,960) 
     —  
     — 
  
    Purchases of equity securities 
     —  
     (882) 
     (2,023)
  
    Proceeds from disposition of Westminster 
     12,272  
     —  
     — 
  
    Net cash flows from investing activities 
     9,101  
     6,204  
     12,197 

    Cash flows from financing activities: 

    Dividend from subsidiaries 
     —  
     —  
     3,000 
  
    Purchase of treasury stock 
     —  
     (7,278) 
     (4,180)
  
    Installment payment on Westminster consideration payable 
     —  
     —  
     (13,333)
  
    Issuance of vested award shares 
     (158) 
     (172) 
     (768)
  
    Net cash flows from financing activities 
     (158) 
     (7,450) 
     (15,281)

    Net decrease in cash and cash equivalents 
     3,037  
     (3,483) 
     (4,952)

    Cash and cash equivalents at beginning of period 
     308  
     3,791  
     8,743 

    Cash and cash equivalents at end of period 
    $3,345  
    $308  
    $3,791 

Note A – Basis of Presentation

In the parent-company-only financial statements, the Company’s
investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since inception. The parent-company-only
financial statements should be read in conjunction with the Company’s consolidated financial statements.

Note B – Dividends from Subsidiaries

The Company received no cash dividends from its subsidiaries during
the years ended December 31, 2024 and 2023