Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 3172

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 14
Chunk 3172
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31, 

    2024  
    2023  
    2022 
  
    Cash flows from operating activities: 

    Net income (loss) attributable to NI Holdings, Inc. 
    $(6,060) 
    $(5,476) 
    $(53,096)
  
    Adjustments to reconcile net income (loss) attributable to NI Holdings, Inc. to net cash flows from operating activities: 

    Equity in undistributed net income of subsidiaries 
     (11,105) 
     636  
     50,869 
  
    Loss on sale of Westminster 
     17,479  
     —  
     — 
  
    Other 
     (6,220) 
     2,603  
     359 
  
    Net adjustments 
     154  
     3,239  
     51,228 
  
    Net cash flows from operating activities 
     (5,906) 
     (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)