Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 36

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 and fixtures   2,684    2,762   5 – 7 years  Automobiles   1,314    1,280   2 – 3 years  Gross cost   19,245    19,232                      Accumulated depreciation   (11,870)   (11,685)     Total property and equipment, net  $7,375   $7,547     

Depreciation expense was $171 and $187 for the three months
ended June 30, 2025 and 2024, respectively, and $344 and $430 for the six months ended June 30, 2025 and 2024, respectively. Depreciation
expense for continuing operations was $171 and $187 for the three months ended June 30, 2025 and 2024, respectively, and $344 and $341
for the six months ended June 30, 2025 and 2024, respectively.

  9. 
  Goodwill and Other Intangibles

Goodwill

The following table presents the carrying amount of the
Company’s goodwill and related impairment by segment:

    Six Months Ended June 30, 2025  
    Year Ended December 31, 2024 

    Non-Standard
 Auto  
    Commercial  
    Total  
    Non-Standard
 Auto  
    Commercial  
    Total 
  
    Goodwill, beginning of period 
    $—  
    $—  
    $—  
    $2,628  
    $—  
    $2,628 
  
    Impairment recognized during the period 
     —  
     —  
     —  
     (2,628) 
     —  
     (2,628)
  
    Goodwill, end of period 
    $—  
    $—  
    $—  
    $—  
    $—  
    $— 

We performed a quantitative assessment of
the goodwill related to the Primero acquisition during the fourth quarter of 2024, which is allocated to our Non-Standard Auto segment,
and concluded that the goodwill was fully impaired as of December 31, 2024, resulting in a non-cash impairment charge of $2,628. See the
Part