{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-078089","form_type":"8-K","ticker":"NODK","cik":"0001681206","company_name":"NI Holdings, Inc.","filed_at":"2024-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.091391+00:00","generated_at":"2026-05-31T23:21:58.256537+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NI Holdings completes $10.5M sale of commercial insurer Westminster; records $14.4M loss on sale","bullets":["Sale of Westminster American Insurance Company closed June 30, 2024 for $10.5 million in cash to Scott Insurance Holdings.","Estimated net loss on sale of $14.4 million reduces pro forma shareholders' equity from $255.8M to $241.4M.","Transaction represents strategic exit from majority of commercial insurance operations; results classified as discontinued operations.","Pro forma net income for Q1 2024 is $7.0M vs $6.4M as reported; 2023 pro forma net income $16.2M vs $(5.5M) loss.","Post-closing adjustment based on Westminster's statutory surplus vs $20M threshold; amount not yet estimable."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-078089","json":"https://secwatch.observer/filing/0001104659-24-078089.json","markdown":"https://secwatch.observer/filing/0001104659-24-078089.md","text":"https://secwatch.observer/filing/0001104659-24-078089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1681206/000110465924078089/0001104659-24-078089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1681206/000110465924078089/tm2418546d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:21:58.256537+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"914ce2276b0eaf9f289ec7e718c91ebd470c76c8","claim":"NI Holdings, Inc. completed a disposition involving Scott Insurance Holdings, LLC for $10.5 million (closed 2024-06-30).","evidence_excerpt":"On June 30, 2024 (“Closing Date”), the Company completed the previously announced sale of Westminster to Scott Insurance Holdings for a cash purchase price of $10.5 million","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1681206/000110465924078089/0001104659-24-078089-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Scott Insurance Holdings, LLC"},{"label":"Consideration","value":"$10.5 million"},{"label":"Closing","value":"2024-06-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}