Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 107

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 year 
     —  
     1,238 
  
    Prior years 
     —  
     4,916 
  
    Total paid 
     —  
     6,154 

    Balance, end of period: 

    Liability for unpaid losses and loss adjustment expenses 
     —  
     104,475 
  
    Reinsurance recoverables on losses 
     —  
     43,138 
  
    Net balance, end of period 
    $—  
    $61,337 

  8.
  Property and Equipment

Property and equipment consisted of the following:

    March 31, 2025  
    December 31, 2024  
    Estimated Useful Life
  
    Cost: 

    Land 
    $1,249  
    $1,249  
    indefinite
  
    Building and improvements 
     12,507  
     12,497  
    10 – 43 years
  
    Electronic data processing equipment 
     1,444  
     1,444  
    5 – 7 years
  
    Furniture and fixtures 
     2,774  
     2,762  
    5 – 7 years
  
    Automobiles 
     1,280  
     1,280  
    2 – 3 years
  
    Gross cost 
     19,254  
     19,232  

    Accumulated depreciation 
     (11,860) 
     (11,685) 

    Total property and equipment, net 
    $7,394  
    $7,547  

Depreciation expense was $173 and $243 for the three months
ended March 31, 2025 and 2024, respectively. Depreciation expense for continuing operations was $173 and $154 for the three months ended
March 31, 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:

    Three Months Ended March 31, 2025  
    Year Ended December 31, 2024 

    Non-Standard 
Auto  
    Commercial  
    Total  
    Non-Standard 
Auto  
    Commercial  
    Total 
  
    Good