| Item 15. | Exhibits and Financial Statement Schedules |
List of Financial Statements and Financial Statement Schedules
| (a) | The following documents are filed as a part of this report: |
| (1) | Financial Statements and |
| (2) | Financial Statement schedules required to be filed by Item 8 of this report. |
Schedule I Condensed financial information of registrant – NI Holdings, Inc.
All other financial schedules are not required under the related instructions, as they are inapplicable or the information has been included in the consolidated financial statements, and therefore have been omitted.
| (3) | The following exhibits are required by Item 601 of Regulation S-K and are included as part of this Form 10-K: |
| 2.1 | Plan of Mutual Property and Casualty Insurance Company Conversion and Minority Offering of Nodak Mutual Insurance Company, dated as of January 21, 2016 (1) |
| 3.1 | Articles of Incorporation of NI Holdings, Inc. (1) |
| 3.2 | Articles of Amendment to the Articles of Incorporation, dated May 24, 2023. (10) |
| 3.3 | Amended and Restated Bylaws of NI Holdings, Inc., dated May 24, 2023. (10) |
| 4.1 | Form of certificate evidencing shares of common stock of NI Holdings, Inc. (1) |
| 4.2 | Description of Securities Registered Under Section 12 of the Exchange Act (6) |
| 10.1 | 2017 NI Holdings, Inc. Equity Incentive Plan (4) |
| 10.2 | Nodak Mutual Insurance Company Nonqualified Deferred Compensation Plan (1) |
| 10.3# | Employment Agreement dated as of April 28, 2016, between Michael J. Alexander and Nodak Mutual Insurance Company and NI Holdings, Inc. (1) |
| 10.4# | Amended and Restated Employment Agreement dated as of August 8, 2023, between Seth C. Daggett and Nodak Insurance Company and NI Holdings, Inc. (7) |
| 10.5# | Employment Agreement dated as of April 28, 2016, between Patrick W. Duncan and Nodak Mutual Insurance Company and NI Holdings, Inc. (1) |
| 10.6 | Trademark License Agreement dated as of October 1, 2016 between North Dakota Farm Bureau and Nodak Mutual Insurance Company (1) |
| 10.7 | Multiple Peril Crop/Livestock Insurance Full Service Agency Agreement among American Farm Bureau Insurance Services, Inc. and Nodak Mutual Insurance Company, American West Insurance Company and Battle Creek Mutual Insurance Company for Crop Year 2016 (1) |
| 10.8 | Crop Hail Insurance Full Service Agency Agreement among American Farm Bureau Insurance Services, Inc. and Nodak Mutual Insurance Company, American West Insurance Company and Battle Creek Mutual Insurance Company for Crop Year 2016 (1) |
| 10.9# | Nodak Mutual Insurance Company Cash Incentive Bonus Plan (3) |
| 10.10# | NI Holdings, Inc. Employee Stock Ownership Plan (1) |
| 10.11 | Affiliation Agreement dated as of December 30, 2010 between Nodak Mutual Insurance Company and Battle Creek Mutual Insurance Company (2) |
| 10.12 | Form of Time-Based Restricted Stock Unit Agreement for Non-Employee Directors (5) |
| 10.13 | NI Holdings, Inc. 2020 Stock and Incentive Plan (5) |
| 10.14# | Form of Time-Based Restricted Stock Unit Agreement for Executives (8) |
| 10.15# | Form of NI Holdings, Inc. Growth in Book Value Per Share Performance Share Unit Agreement (8) |
| 10.16# | 2022 NI Holdings, Inc. Short-Term Incentive Bonus (9) |
| 10.17#* | Form of NI Holdings, Inc. Adjusted Return on Equity Performance Share Unit Agreement |
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| 10.18#* | 2024 NI Holdings, Inc. Short-Term Incentive Bonus |
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| 21.1* | Subsidiaries of NI Holdings, Inc. |
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| 23.1* | Consent of Mazars USA LLP, Fort Washington, PA, PCAOB ID 339 |
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| 31.1* | Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
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| 31.2* | Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
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| 32* | Certification of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
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| 97* | NI Holdings, Inc. Incentive Compensation Recovery Policy, adopted December 1, 2023. |
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| 101.INS** | Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document |
| 101.SCH** | Inline XBRL Taxonomy Extension Schema Linkbase Document |
| 101.CAL** | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF** | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB** | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE** | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
** Inline XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 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.
