NI HLDGS INC

Ticker: NODK CUSIP: 65342T106 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 157,719 Value ($000) $2,098 Avg Close $13.50 Range $12.37 - $14.70

Q3 2025

Shares 152,719 Value ($000) $2,071 Avg Close $13.13 Range $12.22 - $14.34

Q2 2025

Shares 150,319 Value ($000) $1,915 Avg Close $12.93 Range $12.01 - $14.33

Q1 2025

Shares 125,678 Value ($000) $1,792 Avg Close $14.55 Range $13.76 - $15.72

Q4 2024

Shares 118,822 Value ($000) $1,866 Avg Close $15.86 Range $15.01 - $17.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	157,719	$2,098	$13.50	$12.37 - $14.70
Q3 2025	152,719	$2,071	$13.13	$12.22 - $14.34
Q2 2025	150,319	$1,915	$12.93	$12.01 - $14.33
Q1 2025	125,678	$1,792	$14.55	$13.76 - $15.72
Q4 2024	118,822	$1,866	$15.86	$15.01 - $17.24