Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 612

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 612
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%  
     167.2%  
     64.7%  
     96.2%  
     118.0% 

    Balances at December 31, 2022: 

    Premiums and agents’ balances receivable 
    $20,669  
    $14,884  
    $9,388  
    $381  
    $2,024  
    $47,346 
  
    Deferred policy acquisition costs 
     5,040  
     9,378  
     7,376  
     —  
     881  
     22,675 
  
    Reinsurance recoverables on losses 
     1,440  
     —  
     5,732  
     589  
     825  
     8,586 
  
    Receivable from Federal Crop Insurance Corporation 
     —  
     —  
     —  
     15,462  
     —  
     15,462 
  
    Goodwill and other intangibles 
     —  
     2,761  
     —  
     —  
     —  
     2,761 
  
    Unpaid losses and loss adjustment expenses 
     27,439  
     46,231  
     27,989  
     2,145  
     10,492  
     114,296 
  
    Unearned premiums 
     30,721  
     29,301  
     44,957  
     —  
     5,947  
     110,926 

(1) Other underwriting and general expenses for each segment include
expenses related to compensation, vendor services, and other administrative items.

100 

22.       Statutory
Net Income (Loss), Capital and Surplus, and Dividend Restrictions

The following table presents selected information,
as filed with insurance regulatory authorities, for our insurance subsidiaries as determined in accordance with accounting practices prescribed
or permitted by such insurance regulatory authorities as of and for the years ended December 31, 2024, 2023, and 2022:

    2024  
    2023  
    2022 
  
    Nodak Insurance: 

    Statutory capital and surplus