Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1050

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1050
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    Other underwriting and general expenses 
     6,460  
     4,612  
     3,002 
  
    Total expenses 
     6,460  
     4,612  
     3,002 

    Loss before income taxes and equity in undistributed net income (loss) of subsidiaries 
     (6,682) 
     (4,951) 
     (3,351)
  
    Income tax benefit 
     (665) 
     (111) 
     (1,124)
  
    Loss before equity in undistributed net income (loss) of subsidiaries 
     (6,017) 
     (4,840) 
     (2,227)

    Equity in undistributed net income (loss) of subsidiaries 
     11,105  
     (636) 
     (50,869)
  
    Loss on sale of discontinued operations, net of tax 
     (11,148) 
     —  
     — 
  
    Net loss attributable to NI Holdings, Inc. 
    $(6,060) 
    $(5,476) 
    $(53,096)

    Condensed Statements of Comprehensive Income

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net loss attributable to NI Holdings, Inc. 
    $(6,060) 
    $(5,476) 
    $(53,096)
  
    Other comprehensive income (loss), net of income taxes: 

    Unrealized gain (loss) on investments 
     7  
     15  
     (165)
  
    Unrealized gain (loss) attributed to subsidiaries 
     (160) 
     7,887  
     (34,358)
  
    Other comprehensive income (loss), net of income taxes 
     (153) 
     7,902  
     (34,523)
  
    Comprehensive income (loss) 
    $(6,213) 
    $2,426  
    $(87,619)

110 

    Condensed Statements of Cash Flows

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash flows from operating activities: 

    Net income (loss) attributable to NI Holdings