Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 87

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 87
---
(7,278) 
     (4,180)
  
    Pooling (payments) receipts 
     (10,444) 
     (28,114) 
     4,085 
  
    Installment payment on Westminster consideration payable 
     —  
     —  
     (13,333)
  
    Principal repayments of finance leases 
     (99) 
     (16) 
     — 
  
    Issuance of vested award shares 
     (158) 
     (172) 
     (768)
  
    Net cash flows from financing activities – continuing operations 
     (10,701) 
     (35,580) 
     (14,196)
  
    Net cash flows from financing activities – discontinued operations 
     7,058  
     28,114  
     (4,085)
  
    Net cash flows from financing activities 
     (3,643) 
     (7,466) 
     (18,281)

    Net change in cash and cash equivalents 
     30,322  
     34,749  
     (8,527)
  
    (Increase) decrease in cash and cash equivalents – discontinued operations 
     (20,429) 
     (27,574) 
     (6,515)
  
    Net increase (decrease) in cash and cash equivalents – continuing operations 
     9,893  
     7,175  
     (15,042)

    Cash and cash equivalents at beginning of period – continuing operations 
     41,037  
     33,862  
     48,904 

    Cash and cash equivalents at end of period – continuing operations 
    $50,930  
    $41,037  
    $33,862 

    Federal and state income taxes paid (net of refunds received) 
    $2,853  
    $(11,102) 
    $2,175 

The accompanying notes are an integral part of
these consolidated financial statements.

53 

NI Holdings, Inc.
Notes to Consolidated Financial Statements
December 31, 2024, 2023, and 2022
(dollar amounts in thousands)

1.       Organization

NI Holdings is a North Dakota business corporation
that is the stock holding company of Nodak Insurance and