Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1019

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1019
---
496 
  
    2027 
     401  
     —  
     401 
  
    2028 
     376  
     —  
     376 
  
    2029 
     212  
     —  
     212 
  
    Thereafter 
     —  
     —  
     — 
  
    Total undiscounted lease payments 
     1,778  
     220  
     1,998 
  
    Less: present value adjustment 
     160  
     15  
     175 
  
    Lease liability at December 31, 2024 
    $1,618  
    $205  
    $1,823 

16.       Contingencies

We are, from time to time, party to routine litigation incidental
to the normal course of our business. Based upon information presently available to us, we do not consider any litigation to be material.
However, given the uncertainties attendant to litigation, we cannot assure you that our results of operations and financial condition
will not be materially adversely affected by any litigation. Contingent liabilities arising from litigation, income taxes, and other matters
are not considered to be material to our financial position.

17.       Common
and Preferred Stock

Common Stock

Changes in the number of common stock shares outstanding
were as follows:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Shares outstanding, beginning of period 
     20,599,908  
     21,076,255  
     21,219,808 
  
    Treasury shares repurchased through stock repurchase authorization 
     —  
     (548,549) 
     (269,160)
  
    Issuance of treasury shares for vesting of restricted stock units 
     49,045  
     47,887  
     101,292 
  
    Issuance of shares related to employee stock ownership plan 
     24,315  
     24,315  
     24,315 
  
    Shares outstanding, end of period 
     20,673,268  
     20,599,908  
     21,076,255 

The changes in the number of common shares outstanding
excludes certain non-forfe