Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 132

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 132
---
 45,320 
  
    Net balance, end of period 
    $—  
    $62,188 

22 

  8.
  Property and Equipment

Property and equipment consisted of the following:

     June 30, 2025   December 31, 2024   Estimated Useful Life  Cost:               Land  $1,249   $1,249   indefinite  Building and improvements   12,507    12,497   10 – 43 years  Electronic data processing equipment   1,491    1,444   5 – 7 years  Furniture and fixtures   2,684    2,762   5 – 7 years  Automobiles   1,314    1,280   2 – 3 years  Gross cost   19,245    19,232                      Accumulated depreciation   (11,870)   (11,685)     Total property and equipment, net  $7,375   $7,547     

Depreciation expense was $171 and $187 for the three months
ended June 30, 2025 and 2024, respectively, and $344 and $430 for the six months ended June 30, 2025 and 2024, respectively. Depreciation
expense for continuing operations was $171 and $187 for the three months ended June 30, 2025 and 2024, respectively, and $344 and $341
for the six months ended June 30, 2025 and 2024, respectively.

  9. 
  Goodwill and Other Intangibles

Goodwill

The following table presents the carrying amount of the
Company’s goodwill and related impairment by segment:

    Six Months Ended June 30, 2025  
    Year Ended December 31, 2024 

    Non-Standard
 Auto  
    Commercial  
    Total  
    Non-Standard
 Auto  
    Commercial  
    Total 
  
    Goodwill, beginning of period 
    $—  
    $—  
    $—  
    $2,628  
    $—  
    $2,628 
  
    Impairment recognized during the period 
     —