Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 52

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 52
---
)
  
        Net loss 
    $—  
    $(996) 
    $—  
    $(1,512)

    Loss per common share from discontinued operations: 

    Basic 
    $—  
    $(0.05) 
    $—  
    $(0.07)
  
    Diluted 
    $—  
    $(0.05) 
    $—  
    $(0.07)

20.Segment Information

We have five reportable operating segments of our
continuing operations, which consist of Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which primarily
consists of commercial, assumed reinsurance, and our excess liability business). Prior to the sale of Westminster on June 30, 2024, we
also reported a Commercial segment that consisted primarily of Westminster’s balances and results. Subsequent to the sale, Westminster
is reported as part of discontinued operations, which is not included in our segment information. The commercial business that remains
a part of our continuing operations has been included in the All Other segment for the current and prior periods presented. We operate
only in the U.S., and no single customer or agent provides 10 percent or more of our revenues. The following tables provide available
information of these segments for the three- and six-month periods ended June 30, 2025 and 2024.

Our chief operating decision maker is our President
and Chief Executive Officer (“CEO”). The primary profitability measurement used by the CEO to review segment operating results
is underwriting gain (loss). The CEO uses segment underwriting gain (loss) to allocate resources (including employee, financial and capital
resources) for each segment predominantly in the annual planning process. Segment underwriting gain (loss) is used to monitor segment
results compared to prior period, forecasted results, and the annual plan.

We do not assign or allocate all line items in our
Consolidated Statement of Operations or Consolidated Balance Sheets to our operating segments. Those line items include net investment
income, net investment gains, fee and other income excluding Non-Standard Auto, and income tax expense within the Unaudited Consolidated
Statement of Operations. For the Consolidated Balance Sheets, those items include cash and investments, property and equipment, other
assets, accrued expenses and other liabilities, income taxes recoverable, and shareholders’ equity.

32 

    Three Months Ended June 30, 2025