Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 0

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. - Financial Statements

NI Holdings, Inc.

Consolidated Balance Sheets

(dollar amounts in thousands, except par value) 

    June 30, 2025 
    December 31, 2024

    (Unaudited) 

    Assets: 

    Cash and cash equivalents 
    $56,784  
    $50,930 
  
    Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at June 30, 2025 and December 31, 2024) 
     322,113  
     307,712 
  
    Equity securities, at fair value 
     25,388  
     24,640 
  
    Other investments 
     1,812  
     1,812 
  
    Total cash and investments 
     406,097  
     385,094 

    Premiums and agents' balances receivable (net of allowance for expected credit losses of $313 at June 30, 2025 and $337 at December 31, 2024) 
     85,604  
     52,907 
  
    Deferred policy acquisition costs 
     26,320  
     26,300 
  
    Reinsurance premiums receivable 
     —  
     746 
  
    Reinsurance recoverables on losses (net of allowance for expected credit losses of $0 at June 30, 2025 and December 31, 2024) 
     51,278  
     12,561 
  
    Income tax recoverable 
     10,399  
     7,017 
  
    Accrued investment income 
     2,698  
     2,629 
  
    Property and equipment, net 
     7,375  
     7,547 
  
    Deferred income taxes 
     7,690  
     7,324 
  
    Receivable from Federal Crop Insurance Corporation 
     11,332  
     13,223 
  
    Goodwill and other intangibles 
     100  
     100 
  
    Other assets 
     11,158  
     11,097 
  
    Total assets 
    $620,051  
    $526,545 

    Liabilities: 

    Unpaid losses and loss adjustment expenses 
    $203