Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 34

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Discontinued operations: 

    Balance, beginning of period 
    $—  
    $—  
    $—  
    $7,330 
  
    Deferral of policy acquisition costs 
     —  
     —  
     —  
     8,596 
  
    Amortization of deferred policy acquisition costs 
     —  
     —  
     —  
     (7,928)
  
    Westminster balance disposed in sale 

     (7,998)
  
    Balance, end of period 
    $—  
    $—  
    $—  
    $— 

20 

7.       Unpaid Losses
and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment
expenses is summarized as follows for both continuing and discontinued operations:

    Nine Months Ended September 30, 

    2025  
    2024 
  
    Balance, beginning of period: 

    Liability for unpaid losses and loss adjustment expenses 
    $137,288  
    $217,119 
  
    Reinsurance recoverables on losses 
     12,561  
     48,969 
  
    Net balance, beginning of period 
     124,727  
     168,150 

    Incurred related to: 

    Current year 
     141,537  
     185,006 
  
    Prior years 
     19,792  
     13,102 
  
    Total incurred 
     161,329  
     198,108 

    Paid related to: 

    Current year 
     83,304  
     89,330 
  
    Prior years 
     68,420  
     69,992 
  
    Total paid 
     151,724  
     159,322 

    Westminster balances disposed in sale: 

    Liability for unpaid losses and loss adjustment expenses 
     —  
     107,508 
  
    Reinsurance recoverables on losses 
     —  
     45,320 
  
    Net balance, date of sale 
     —  
     62,188 

    Balance, end of