Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 145

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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 awards granted during 2023 was eliminated due to the Company's
expectation that the threshold performance goal will not be met.

At June 30, 2025, there was $163 of unrecognized
compensation cost related to outstanding PSUs. That cost is expected to be recognized over a weighted-average period of 1.66 years.

29 

  18.
  Allowance for Expected Credit Losses

Premiums Receivable

The following table presents the balances of premiums
and agents’ balances receivable, net of the allowance for expected credit losses as of June 30, 2025 and 2024, and the changes in
the allowance for expected credit losses for the three and six months ended June 30, 2025 and 2024, for continuing and discontinued operations.

    As of and For the Three Months
 Ended June 30, 2025  
    As of and For the Three Months Ended 
June 30, 2024 

    Premiums and 
Agents’ Balances
 Receivable, Net of
 Allowance for
 Expected Credit
 Losses  
    Allowance for 
Expected Credit 
Losses  
    Premiums and 
Agents’ Balances 
Receivable, Net of 
Allowance for 
Expected Credit
 Losses  
    Allowance for
 Expected Credit 
Losses 
  
    Continuing operations: 

    Balance, beginning of period 
    $49,220  
    $232  
    $59,979  
    $216 

    Current period charge for expected credit losses 
        
     376  
        
     251 
  
    Write-offs of uncollectible premiums receivable 
        
     (295) 
        
     (119)

    Balance, end of period 
    $85,604  
    $313  
    $92,831  
    $348 

    As of and For the Six Months Ended 
June 30, 2025  
    As of and For the Six Months Ended 
June 30, 2024 

    Premiums and 
Agents’ Balances 
Receivable, Net of 
Allowance for 
Expected Credit 
Losses  
    Allowance for 
Expected Credit 
Losses  
    Premiums and 
Agents’ Balances 
Receivable, Net of
 Allowance for
 Expected Credit
 Losses  
    Allowance