Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1004

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1004
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 Liabilities for unpaid losses and loss adjustment expenses: 

    Private passenger auto 
    $28,103 
  
    Non-Standard auto 
     77,580 
  
    Home and farm 
     16,162 
  
    Crop 
     1,789 
  
    All other 
     13,654 
  
    Total liabilities for unpaid losses and loss adjustment expenses 
     137,288 

    Reinsurance recoverables on losses: 

    Private passenger auto 
     2,358 
  
    Non-Standard auto 
     — 
  
    Home and farm 
     1,934 
  
    Crop 
     478 
  
    All other 
     7,791 
  
    Total reinsurance recoverables on losses 
     12,561 

    Net 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%