Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1005

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1005
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0.7%  
     1.2%  
     — 
  
    Crop 
     100.0%  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     — 

80 

9.       Property
and Equipment

Property and equipment, presented on a consolidated
basis, including both continuing and discontinued operations, consisted of the following:

    December 31,  

    2024  
    2023  
    Estimated Useful 
Life
  
    Cost: 

    Land 
    $1,249  
    $1,403  
    indefinite
  
    Building and improvements 
     12,497  
     14,538  
    10 – 43 years
  
    Electronic data processing equipment 
     1,444  
     1,441  
    5 – 7 years
  
    Furniture and fixtures 
     2,762  
     2,953  
    5 – 7 years
  
    Automobiles 
     1,280  
     1,319  
    2 – 3 years
  
    Gross cost 
     19,232  
     21,654  

    Accumulated depreciation 
     (11,685) 
     (11,757) 

    Total property and equipment, net 
    $7,547  
    $9,897  

Depreciation expense was $770, $826, and $708
during the years ended December 31, 2024, 2023, and 2022, respectively. Depreciation expense for continuing operations was $681, $692,
and $604 during the years ended December 31, 2024, 2023, and 2022, respectively.

Property and equipment for current and prior year continuing
and discontinued operations consisted of the following:

    December 31, 2024 
  
    Cost: 

    Continuing operations 
    $19,232 
  
    Discontinued operations 
     — 
  
    Total cost 
     19,232 

    Accumulated depreciation 

    Continuing operations 
     (11,685)
  
    Discontinued operations 
     — 
  
    Total accumulated depreciation 
     (11,