Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 583

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 583
---
— 

    Not subject to amortization 

    Continuing operations 
     100  
     —  
     100 
  
    Discontinued operations 
     —  
     —  
     — 
  
    Total not subject to amortization 
    $100  
    $—  
    $100 

    December 31, 2023 
    Gross Carrying
 Amount  
    Accumulated
 Amortization  
    Net 
  
    Subject to amortization: 

    Continuing operations 
    $248  
    $248  
    $— 
  
    Discontinued operations 
     7,200  
     1,689  
     5,511 
  
    Total subject to amortization 
     7,448  
     1,937  
     5,511 

    Not subject to amortization 

    Continuing operations 
     100  
     —  
     100 
  
    Discontinued operations 
     1,800  
     —  
     1,800 
  
    Total not subject to amortization 
    $9,348  
    $1,937  
    $7,411 

83 

We determined during our reviews that there
were no impairments of other indefinite-lived intangible assets or finite-lived intangible assets during the years ended December 31,
2024, 2023, and 2022.

Amortization expense was $211, $455, and $472
during the years ended December 31, 2024, 2023, and 2022, respectively. Amortization expense for continuing operations was $0, $33, and
$50 during the years ended December 31, 2024, 2023, and 2022, respectively.

11.       Royalties,
Dividends, and Affiliations

North Dakota Farm Bureau

Nodak Insurance was organized by the NDFB
to provide insurance protection for its members. We have a royalty agreement with the NDFB that recognizes the use of their trademark
and provides royalties to the NDFB based on the premiums written on Nodak Insurance’s policies. Royalties paid to the NDFB were
$1,647, $1,603, and $1,453 during the years ended December 31, 2024, 2023