Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1377

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 4
Chunk 1377
---
46,513)
  
    Reclassification adjustment for net realized losses (gains) included in net income (loss) 
     131  
     20  
     151 
  
    Other comprehensive income (loss), before income taxes 
     (44,679) 
     (1,683) 
     (46,362)
  
    Income tax benefit (expense) related to items of other comprehensive income (loss) 
     10,156  
     383  
     10,539 
  
    Other comprehensive income (loss), net of income taxes 
     (34,523) 
     (1,300) 
     (35,823)

    Comprehensive income (loss) 
    $(87,619) 
    $(1,979) 
    $(89,598)

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

51 

NI Holdings, Inc.

Consolidated Statements of Changes in Shareholders’
Equity

Years Ended December 31, 2024, 2023, and 2022

(dollar amounts in thousands) 

    Common
    Stock  
    Additional
    Paid-in  Capital  
    Unearned
     Employee  Stock Ownership  Plan Shares  
    Retained
    Earnings  
    Accumulated
     Other Comprehensive Income (Loss), Net of Income Taxes  
    Treasury
    Stock  
    Non-
    Controlling  Interest  
    Total
     Shareholders’  Equity 
  
    Balance, January 1, 2022 
    $230  
    $98,166  
    $(1,184) 
    $267,207  
    $5,237  
     (26,452) 
    $4,209  
    $347,413 
  
    Battle Creek demutualization 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     — 
  
    Net income (loss) 
     —  
     —  
     —  
     (53,096) 
     —  
     —  
     (679) 
     (53,775)
  
    Impact of Westminster unrealized investment gains/losses 
     —