Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 33

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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,902) 
     (36,107)
  
    Balance, end of period 
    $26,320  
    $31,157  
    $26,320  
    $31,157 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Discontinued operations: 

    Balance, beginning of period 
    $—  
    $7,617  
    $—  
    $7,330 
  
    Deferral of policy acquisition costs 
     —  
     4,464  
     —  
     8,596 
  
    Amortization of deferred policy acquisition costs 
     —  
     (4,083) 
     —  
     (7,928)
  
    Balance, end of period 
    $—  
    $7,998  
    $—  
    $7,998 

20 

  7.  
  Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment
expenses is summarized as follows for both continuing and discontinued operations:

    Six Months Ended June 30, 

    2025  
    2024 
  
    Balance, beginning of period: 

    Liability for unpaid losses and loss adjustment expenses 
    $137,288  
    $217,119 
  
    Reinsurance recoverables on losses 
     12,561  
     48,969 
  
    Net balance, beginning of period 
     124,727  
     168,150 

    Incurred related to: 

    Current year 
     93,894  
     125,235 
  
    Prior years 
     11,238  
     7,773 
  
    Total incurred 
     105,132  
     133,008 

    Paid related to: 

    Current year 
     30,151  
     45,494 
  
    Prior years 
     47,456  
     54,372 
  
    Total paid 
     77,607  
     99,866 

    Westminster balances disposed in sale: 

    Liability for unpaid losses and loss adjustment expenses