Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 33

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 update
our acquisition cost assumptions periodically to reflect actual experience, and we evaluate the costs for recoverability. The table below,
presented on a consolidated basis, including both continuing and discontinued operations, shows the deferred policy acquisition costs
and asset reconciliation:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Balance, beginning of period 
    $26,320  
    $31,157  
    $26,300  
    $34,120 
  
    Deferral of policy acquisition costs 
     9,635  
     13,930  
     42,557  
     63,000 
  
    Amortization of deferred policy acquisition costs 
     (13,725) 
     (17,616) 
     (46,627) 
     (61,651)
  
    Westminster balance disposed in sale 
     —  
     —  
     —  
     (7,998)
  
    Balance, end of period 
    $22,230  
    $27,471  
    $22,230  
    $27,471 

The tables for the current and comparable prior year quarter
continuing and discontinued operations showing the deferred policy acquisition costs and assets reconciliation are shown below:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Continuing operations: 

    Balance, beginning of period 
    $26,320  
    $31,157  
    $26,300  
    $26,790 
  
    Deferral of policy acquisition costs 
     9,635  
     13,930  
     42,557  
     54,404 
  
    Amortization of deferred policy acquisition costs 
     (13,725) 
     (17,616) 
     (46,627) 
     (53,723)
  
    Balance, end of period 
    $22,230  
    $27,471  
    $22,230  
    $27,471 

    Three Months Ended September 30,  
    Nine Months