Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 21

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 the security. We have not recognized any credit losses for fixed income securities since adoption
of the credit loss standard. Therefore, there was no beginning balance, activity, or ending balance of credit losses as of and during
the nine months ended September 30, 2025 and 2024. See Part II, Item 8, Note 3 “Summary of Significant Accounting Policies and
Basis of Presentation” section of the 2024 Annual Report for additional information.

13 

Net investment income for continuing and discontinued operations
consisted of the following:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Continuing operations: 

    Fixed income securities 
    $3,260  
    $3,025  
    $9,581  
    $8,521 
  
    Equity securities 
     224  
     215  
     679  
     638 
  
    Real estate 
     66  
     83  
     197  
     272 
  
    Cash and cash equivalents 
     315  
     389  
     1,063  
     1,258 
  
    Total gross investment income 
     3,865  
     3,712  
     11,520  
     10,689 
  
    Investment expenses 
     825  
     901  
     2,496  
     2,600 
  
    Net investment income – continuing operations 
     3,040  
     2,811  
     9,024  
     8,089 
  
    Net investment income – discontinued operations 
     —  
     —  
     —  
     1,419 
  
    Net investment income 
    $3,040  
    $2,811  
    $9,024  
    $9,508 

Net investment gains for continuing and discontinued operations
consisted of the following:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Continuing operations: 

    Gross realized gains: 

    Fixed income securities