Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 374

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 374
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 losses, excluding credit impairment losses: 

    Fixed income securities 
     (112) 
     (203) 
     (251) 
     (218)
  
    Equity securities 
     (228) 
     (24) 
     (405) 
     (481)
  
    Total gross realized losses, excluding credit impairment losses 
     (340) 
     (227) 
     (656) 
     (699)

    Net realized gains (losses) 
     811  
     45  
     1,244  
     (37)

    Change in net unrealized gains on equity securities 
     551  
     2,367  
     577  
     3,325 
  
    Net investment gains – continuing operations 
     1,362  
     2,412  
     1,821  
     3,288 
  
    Net investment gains – discontinued operations 
     —  
     —  
     —  
     116 
  
    Net investment gains 
    $1,362  
    $2,412  
    $1,821  
    $3,404 

Non-cash investment transactions were $499 and $0 for the nine months
ended September 30, 2025 and 2024, respectively. The activity in the current year consisted of one non-cash exchange of a fixed income
security. 

14 

4.       Fair Value
Measurements

The Company uses fair value measurements to record fair value
adjustments to certain assets to determine fair value disclosures. Investment securities available for sale are recorded at fair value
on a recurring basis. Additionally, from time to time, we may be required to record other assets or liabilities at fair value on a nonrecurring
basis. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of
individual assets. Accounting guidance on fair value measurements and disclosures establishes a fair value hierarchy that prioritizes
the inputs to valuation methods used to measure fair value. The three levels of the fair value hierarchy are as follows:

    Level 1:
    Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

    Level 2:
    Quoted prices in markets that are not active, or inputs that are observable either