Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1216

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 1216
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 liability for unpaid losses and loss adjustment expenses 
    $124,727 

The following table presents required supplementary information
about average historical claims duration as of December 31, 2024:

    Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance 
  
    Years 
    1  
    2  
    3  
    4  
    5  
    6  
    7  
    8  
    9  
    10 
  
    Private Passenger Auto 
     50.5%  
     20.5%  
     11.1%  
     6.5%  
     4.5%  
     3.4%  
     3.1%  
     0.3%  
     0.1%  
     — 
  
    Non-Standard Auto 
     45.1%  
     23.1%  
     13.9%  
     8.2%  
     4.5%  
     2.1%  
     1.4%  
     1.0%  
     0.6%  
     0.1% 
  
    Home and Farm 
     67.2%  
     15.0%  
     8.9%  
     4.3%  
     1.3%  
     0.7%  
     0.7%  
     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,