Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 339

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1A
Chunk 339
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79,544  
     74,070 
  
    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 

    December 31, 2023 

    Amortized Cost  
    Fair Value 
  
    Due to mature: 

    One year or less 
    $9,612  
    $9,436 
  
    After one year through five years 
     75,794  
     72,602 
  
    After five years through ten years 
     86,185  
     79,281 
  
    After ten years 
     47,806  
     42,620 
  
    Mortgage / asset-backed securities 
     152,586  
     139,631 
  
    Redeemable preferred stocks 
     4,747  
     4,161 
  
    Total fixed income securities 
    $376,730  
    $347,731 

Fixed income securities with a fair value of $5,634 at December 31,
2024, and $6,403 at December 31, 2023, 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, including both continuing and discontinued operations,
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.

    December 31, 2024 

    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 
    $5,443  
    $(109) 
    $4,177  
    $(226) 
    $9,620