Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 2088

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 2088
---
 $—  
    $141,297 

Summary operating results of discontinued operations
were as follows for the periods indicated:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Revenues: 

    Net premiums earned 
    $31,056  
    $59,020  
    $56,552 
  
    Fee and other income 
     14  
     39  
     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