Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 106

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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 individual
claims, original estimates are increased or decreased accordingly.

The tables for the current and comparable prior year quarter continuing
and discontinued operations showing the liability for unpaid losses and loss adjustment expense are shown below:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Continuing operations: 

    Balance, beginning of period: 

    Liability for unpaid losses and loss adjustment expenses 
    $137,288  
    $119,184 
  
    Reinsurance recoverables on losses 
     12,561  
     6,460 
  
    Net balance, beginning of period 
     124,727  
     112,724 

    Incurred related to: 

    Current year 
     37,107  
     38,888 
  
    Prior years 
     1,418  
     1,256 
  
    Total incurred 
     38,525  
     40,144 

    Paid related to: 

    Current year 
     10,375  
     11,702 
  
    Prior years 
     25,637  
     26,981 
  
    Total paid 
     36,012  
     38,683 

    Balance, end of period: 

    Liability for unpaid losses and loss adjustment expenses 
     135,886  
     120,531 
  
    Reinsurance recoverables on losses 
     8,646  
     6,346 
  
    Net balance, end of period 
    $127,240  
    $114,185 

20 

    Three Months Ended March 31, 

    2025  
    2024 
  
    Discontinued operations: 

    Balance, beginning of period: 

    Liability for unpaid losses and loss adjustment expenses 
    $—  
    $97,935 
  
    Reinsurance recoverables on losses 
     —  
     42,509 
  
    Net balance, beginning of period 
     —  
     55,426 

    Incurred related to: 

    Current year 
     —  
     12,037 
  
    Prior years 
     —  
     28 
  
    Total incurred 
     —  
     12,065 

    Paid related to: 

    Current