Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 816

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 816
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72 
  
    Net investment income 
     1,419  
     2,422  
     1,181 
  
    Net investment gains (losses) 
     116  
     195  
     (1,152)
  
    Total revenues 
     32,605  
     61,676  
     56,653 

    Expenses 

    Losses and loss adjustment expenses 
     23,506  
     57,896  
     52,682 
  
    Amortization of deferred policy acquisition costs 
     7,928  
     15,360  
     13,199 
  
    Other underwriting and general expenses 
     3,088  
     6,474  
     6,925 
  
    Goodwill impairment charge 
     —  
     6,756  
     — 
  
    Total expenses 
     34,522  
     86,486  
     72,806 

    Loss before income taxes 
     (1,917) 
     (24,810) 
     (16,153)
  
    Income tax benefit 
     (405) 
     247  
     (1,063)
  
    Net loss 
    $(1,512) 
    $(25,057) 
    $(15,090)

    Loss per common share from discontinued operations: 

    Basic 
    $(0.07) 
    $(1.18) 
    $(0.71)
  
    Diluted 
    $(0.07) 
    $(1.18) 
    $(0.71)

96 

21.       Segment
Information

We have five reportable operating segments of
our continuing operations, which consist of Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which primarily
consists of commercial, assumed reinsurance, and our excess liability business). Prior to the sale of Westminster on June 30, 2024, we
also reported a Commercial segment that consisted primarily of Westminster’s balances and results. Subsequent to the sale, Westminster
is reported as part of discontinued operations, which is not included in our segment information. The commercial business that remains
a part of our continuing operations has been included in the All Other segment for the current and prior periods presented. We operate