Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1240

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 1240
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     (815)
  
    Goodwill and other intangibles 
     —  
     7,311 
  
    Other assets 
     —  
     99 
  
    Total assets of discontinued operations 
    $—  
    $162,457 

    Liabilities: 

    Unpaid losses and loss adjustment expenses 
    $—  
    $97,934 
  
    Unearned premiums 
     —  
     38,000 
  
    Income tax payable (receivable) 
     —  
     (59)
  
    Accrued expenses and other liabilities 
     —  
     5,422 
  
    Total liabilities of discontinued operations 
    $—  
    $141,297 

Summary operating results of discontinued operations
were as follows for the periods indicated:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Revenues: 

    Net premiums earned 
    $31,056  
    $59,020  
    $56,552 
  
    Fee and other income 
     14  
     39  
     72 
  
    Net investment income 
     1,419  
     2,422  
     1,181 
  
    Net investment gains (losses) 
     116  
     195  
     (1,152)
  
    Total revenues 
     32,605  
     61,676  
     56,653 

    Expenses 

    Losses and loss adjustment expenses 
     23,506  
     57,896  
     52,682 
  
    Amortization of deferred policy acquisition costs 
     7,928  
     15,360  
     13,199 
  
    Other underwriting and general expenses 
     3,088  
     6,474  
     6,925 
  
    Goodwill impairment charge 
     —  
     6,756  
     — 
  
    Total expenses 
     34,522  
     86,486  
     72,806 

    Loss before income taxes 
     (1,917) 
     (24,810) 
     (16,153)
  
    Income tax benefit