Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 2057

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 2057
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of reported claims represents open claims, claims closed with payment, and claims closed without payment. It does not include an estimated
amount for unreported claims. The number of claims is measured by claim event (such as a car accident or storm damage) and an individual
claim event may result in more than one reported claim (such as a car accident with both property and liability damages). The Company
considers a claim that does not result in a liability as a claim closed without payment. The segment information presented in the tables
is prior to the effects of the intercompany reinsurance pooling arrangement.

The tables include unaudited information about
incurred and paid claims development for the year ended December 31, 2015 for the Private Passenger Auto, Home and Farm, and Crop segments
and from the year ended December 31, 2015 through 2017 for the Non-Standard Auto information, which we present as supplementary information.

    Private 
Passenger 
Auto 
    Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,  
    At December 31, 2024 
  
    Accident Year 
    2015 (1)  
    2016  
    2017  
    2018  
    2019  
    2020  
    2021  
    2022  
    2023  
    2024  
    Total IBNR
 Plus Expected
 Development 
on Reported 
Claims  
    Cumulative
 Number of 
Reported 
Claims 
  
    (in thousands, except claim counts) 

    2015 
    $32,438  
    $31,532  
    $30,461  
    $30,503  
    $30,679  
    $30,455  
    $30,379  
    $30,370  
    $30,351  
    $30,362  
    $(1) 
     11,688 
  
    2016 
     —  
     40,227  
     39,260  
     39,057  
     39,314  
     38,535  
     38,416  
     38,601  
     38,566  
     38,536  
     (3) 
     14