Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 114

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 After ten years 
     41,465  
     36,723 
  
    Mortgage / asset-backed securities 
     142,822  
     132,092 
  
    Redeemable preferred stocks 
     3,737  
     3,249 
  
    Total fixed income securities 
    $331,304  
    $307,712 

12 

Fixed income securities with a fair value of $4,490 at June 30,
2025, and $5,634 at December 31, 2024, were deposited with various state regulatory agencies as required by law. The Company has not pledged
any assets to secure any obligations.

The investment category and duration of the Company’s gross unrealized
losses on fixed income securities, presented on a consolidated basis, are shown below. Investments with unrealized losses are categorized
with a duration of greater than 12 months when all positions of a security have continually been in a loss position for at least 12 months.

    June 30, 2025 

    Less than 12 Months  
    Greater than 12 months  
    Total 

    Fair Value  
    Unrealized
 Losses  
    Fair Value  
    Unrealized
 Losses  
    Fair Value  
    Unrealized
 Losses 
  
    Fixed income securities: 

    U.S. Government and agencies 
    $991  
    $(12) 
    $4,269  
    $(133) 
    $5,260  
    $(145)
  
    Obligations of states and political subdivisions 
     9,074  
     (604) 
     31,633  
     (5,491) 
     40,707  
     (6,095)
  
    Corporate securities 
     14,992  
     (234) 
     71,636  
     (4,600) 
     86,628  
     (4,834)
  
    Residential mortgage-backed securities 
     16,868  
     (226) 
     32,023  
     (5,858) 
     48,891  
     (6,084)
  
    Commercial mortgage-backed securities 
     1,458  
     (2) 
     21,013  
     (2,484)