Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 36

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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     157,383  
     159,069 
  
    Reinsurance recoverables on losses 
     23,051  
     14,321 
  
    Net balance, end of period 
    $134,332  
    $144,748 

    Nine Months Ended September 30, 

    2025  
    2024 
  
    Discontinued operations: 

    Balance, beginning of period: 

    Liability for unpaid losses and loss adjustment expenses 
    $—  
    $97,934 
  
    Reinsurance recoverables on losses 
     —  
     42,509 
  
    Net balance, beginning of period 
     —  
     55,425 

    Incurred related to: 

    Current year 
     —  
     24,115 
  
    Prior years 
     —  
     (609)
  
    Total incurred 
     —  
     23,506 

    Paid related to: 

    Current year 
     —  
     5,564 
  
    Prior years 
     —  
     11,179 
  
    Total paid 
     —  
     16,743 

    Westminster balances disposed in sale: 

    Liability for unpaid losses and loss adjustment expenses 
     —  
     107,508 
  
    Reinsurance recoverables on losses 
     —  
     45,320 
  
    Net balance, date of sale 
     —  
     62,188 

    Balance, end of period: 

    Liability for unpaid losses and loss adjustment expenses 
     —  
     — 
  
    Reinsurance recoverables on losses 
     —  
     — 
  
    Net balance, end of period 
    $—  
    $— 

22 

8.       Property
and Equipment

Property and equipment consisted of the following:

     September 30, 2025   December 31, 2024   Estimated Useful Life  Cost:             Land  $1,249   $1,249   indefinite  Building and improvements   12,509    12,497   10 – 43 years  Electronic data processing equipment   1,491    1,444