Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 29

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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    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 year 
     —  
     1,238 
  
    Prior years 
     —  
     4,916 
  
    Total paid 
     —  
     6,154 

    Balance, end of period: 

    Liability for unpaid losses and loss adjustment expenses 
     —  
     104,475 
  
    Reinsurance recoverables on losses 
     —  
     43,138 
  
    Net balance, end of period 
    $—  
    $61,337 

  8.
  Property and Equipment

Property and equipment consisted of the following:

    March 31, 2025  
    December 31, 2024  
    Estimated Useful Life
  
    Cost: 

    Land 
    $1,249  
    $1,249  
    indefinite
  
    Building and improvements 
     12,507  
     12,497  
    10 – 43 years
  
    Electronic data processing equipment 
     1,444  
     1,444  
    5 – 7 years
  
    Furniture and fixtures 
     2,774  
     2,762  
    5 – 7 years
  
    Automobiles 
     1,280  
     1,280  
    2 – 3 years
  
    Gross cost 
     19,254  
     19,232  

    Accumulated depreciation 
     (11,860) 
     (11,685) 

    Total property and equipment, net 
    $7,394  
    $7,547  

Depreciation expense was $173 and $243