Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 9

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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    Net investment gains 
     (1,821) 
     (3,288)
  
    Deferred income tax expense (benefit) 
     (1,337) 
     1,865 
  
    Depreciation of property and equipment 
     519  
     527 
  
    Share-based compensation 
     1,028  
     522 
  
    Amortization of deferred policy acquisition costs 
     46,627  
     53,723 
  
    Deferral of policy acquisition costs 
     (42,557) 
     (54,404)
  
    Net amortization of premiums and discounts on investments 
     272  
     494 
  
    Gain on sale of property and equipment 
     (15) 
     (72)
  
    Changes in operating assets and liabilities: 

    Premiums and agents’ balances receivable 
     (23,166) 
     (29,161)
  
    Reinsurance premiums receivable / payable 
     2,243  
     (1,517)
  
    Reinsurance recoverables on losses 
     (10,490) 
     (7,861)
  
    Income tax recoverable / payable 
     (4,815) 
     (11,322)
  
    Accrued investment income 
     172  
     77 
  
    Federal Crop Insurance Corporation receivable / payable 
     (4,529) 
     (2,201)
  
    Other assets 
     (69) 
     266 
  
    Unpaid losses and loss adjustment expenses 
     20,095  
     39,884 
  
    Unearned premiums 
     (4,038) 
     10,780 
  
    Accrued expenses and other liabilities 
     627  
     4,892 
  
    Net cash flows from operating activities – continuing operations 
     (21,254) 
     3,204 
  
    Net cash flows from operating activities – discontinued operations 
     —  
     10,493 
  
    Net cash flows from operating activities – loss on sale of discontinued operations 
     —  
     17,479 
  
    Total adjustments 
     (21,254) 
     31,176 
  
    Net cash flows from operating activities 
     (28,