Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1028

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1028
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     58,332 
  
    Equity securities, at fair value 
     —  
     5,784 
  
    Total cash and investments 
     —  
     79,772 

    Premiums and agents’ balances receivable 
     —  
     17,904 
  
    Deferred policy acquisition costs 
     —  
     7,330 
  
    Reinsurance premiums receivable 
     —  
     5,464 
  
    Reinsurance recoverables on losses 
     —  
     42,509 
  
    Accrued investment income 
     —  
     438 
  
    Property and equipment, net 
     —  
     2,445 
  
    Deferred income taxes 
     —  
     (815)
  
    Goodwill and other intangibles 
     —  
     7,311 
  
    Other assets 
     —  
     99 
  
    Total assets of discontinued operations 
    $—  
    $162,457 

    Liabilities: 

    Unpaid losses and loss adjustment expenses 
    $—  
    $97,934 
  
    Unearned premiums 
     —  
     38,000 
  
    Income tax payable (receivable) 
     —  
     (59)
  
    Accrued expenses and other liabilities 
     —  
     5,422 
  
    Total liabilities of discontinued operations 
    $—  
    $141,297 

Summary operating results of discontinued operations
were as follows for the periods indicated:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Revenues: 

    Net premiums earned 
    $31,056  
    $59,020  
    $56,552 
  
    Fee and other income 
     14  
     39  
     72 
  
    Net investment income 
     1,419  
     2,422  
     1,181 
  
    Net investment gains (losses) 
     116  
     195  
     (1,152)
  
    Total revenues 
     32,605  
     61,676  
     56,653 

    Expenses