Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1049

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1049
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1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, and otherwise is not subject to liability under these sections.

#       Management contract or
compensatory plan or arrangement.

  Item 16.
  Form 10-K Summary

None.

108 

Schedule I – Condensed financial information of registrant
– NI Holdings, Inc.

    Condensed Balance Sheets

    December 31, 

    2024  
    2023 
  
    Assets: 

    Cash and cash equivalents 
    $3,345  
    $308 
  
    Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at December 31, 2024 and 2023) 
     3,999  
     810 
  
    Equity securities, at fair value 
     14  
     13 
  
    Total cash and investments 
     7,358  
     1,131 

    Income tax recoverable 
     7,126  
     844 
  
    Accrued investment income 
     60  
     1 
  
    Investment in wholly-owned subsidiaries 
     230,311  
     246,360 
  
    Deferred income taxes 
     476  
     427 
  
    Total assets 
    $245,331  
    $248,763 

    Liabilities: 

    Accrued expenses and other liabilities 
    $700  
    $1,122 
  
    Total liabilities 
     700  
     1,122 

    Shareholders’ equity 
     244,631  
     247,641 
  
    Total liabilities and shareholders’ equity 
    $245,331  
    $248,763 

109 

    Condensed Statements of Operations

    Year Ended December 31, 

     2024  
     2023  
     2022 
  
    Revenues: 

    Net investment income (loss) 
    $(223) 
    $(122) 
    $143 
  
    Net investment gains (losses) 
     1  
     (217) 
     (492)
  
    Total revenues 
     (222) 
     (339) 
     (349)

    Expenses: