Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 119

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 that the threshold performance goal will not be met.

At March 31, 2025, there was $207 of unrecognized
compensation cost related to outstanding PSUs. That cost is expected to be recognized over a weighted-average period of 1.91 years.

27 

  18.
  Allowance for Expected Credit Losses

Premiums Receivable

The following table presents the balances of premiums
and agents’ balances receivable, net of the allowance for expected credit losses as of March 31, 2025 and 2024, and the changes
in the allowance for expected credit losses for the three months ended March 31, 2025 and 2024, for continuing and discontinued operations.

    As of and For the Three Months
 Ended March 31, 2025  
    As of and For the Three Months 
Ended March 31, 2024 

    Premiums and 
Agents’ Balances
 Receivable, Net of
 Allowance for 
Expected Credit 
Losses  
    Allowance for 
Expected Credit 
Losses  
    Premiums and 
Agents’ Balances 
Receivable, Net of
 Allowance for 
Expected Credit 
Losses  
    Allowance for
 Expected Credit 
Losses 
  
    Continuing operations: 

    Balance, beginning of period 
    $52,907  
    $337  
    $56,154  
    $394 

    Current period charge for expected credit losses 
        
     (44) 
        
     (119)
  
    Write-offs of uncollectible premiums receivable 
        
     (61) 
        
     (59)

    Balance, end of period 
    $49,220  
    $232  
    $59,979  
    $216 

    As of and For the Three Months 
Ended March 31, 2025  
    As of and For the Three Months
 Ended March 31, 2024 

    Premiums and 
Agents’ Balances 
Receivable, Net of 
Allowance for
 Expected Credit 
Losses  
    Allowance for 
Expected Credit 
Losses  
    Premiums and 
Agents’ Balances
 Receivable, Net of
 Allowance for
 Expected Credit 
Losses  
    Allowance for 
Expected Credit 
Losses 
  
    Discontinued operations: