Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 129

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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 Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Continuing operations: 

    Balance, beginning of period 
    $23,813  
    $28,948  
    $26,300  
    $26,790 
  
    Deferral of policy acquisition costs 
     18,881  
     21,499  
     32,922  
     40,474 
  
    Amortization of deferred policy acquisition costs 
     (16,374) 
     (19,290) 
     (32,902) 
     (36,107)
  
    Balance, end of period 
    $26,320  
    $31,157  
    $26,320  
    $31,157 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Discontinued operations: 

    Balance, beginning of period 
    $—  
    $7,617  
    $—  
    $7,330 
  
    Deferral of policy acquisition costs 
     —  
     4,464  
     —  
     8,596 
  
    Amortization of deferred policy acquisition costs 
     —  
     (4,083) 
     —  
     (7,928)
  
    Balance, end of period 
    $—  
    $7,998  
    $—  
    $7,998 

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:

    Six Months Ended June 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