Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 364

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1A
Chunk 364
---
  
     —  
     20,279  
     20,735  
     20,735 
  
    2023 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     10,202  
     11,387 
  
    2024 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     11,169 
  
    Total  
    $217,069 
  
    All outstanding liabilities prior to 2015, net of reinsurance  
     — 
  
    Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance  
    $1,311 

(1) Prior years unaudited  

79 

The following table presents a reconciliation
of the net incurred and paid claims development tables to the liability for unpaid losses and loss adjustment expenses in our Consolidated
Balance Sheet:

    December 31, 2024 
  
    Liabilities for unpaid losses and loss adjustment expenses: 

    Private passenger auto 
    $28,103 
  
    Non-Standard auto 
     77,580 
  
    Home and farm 
     16,162 
  
    Crop 
     1,789 
  
    All other 
     13,654 
  
    Total liabilities for unpaid losses and loss adjustment expenses 
     137,288 

    Reinsurance recoverables on losses: 

    Private passenger auto 
     2,358 
  
    Non-Standard auto 
     — 
  
    Home and farm 
     1,934 
  
    Crop 
     478 
  
    All other 
     7,791 
  
    Total reinsurance recoverables on losses 
     12,561 

    Net liability for unpaid losses and loss adjustment expenses 
    $124,727 

The following table presents required supplementary information
about average historical claims duration as of December 31, 2024:

    Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance 
  
    Years 
    1  
    2  
    3  
    4