Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 582

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 582
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 the expected future economic environment, which were partly based upon our historical experience. Additionally,
the discount rate and the terminal growth rate were based on our judgment of the rates that would be utilized by a hypothetical market
participant.

82 

Other Intangible Assets

The following table presents on a consolidated basis, including
both continuing and discontinued operations, the carrying amount of the Company’s other intangible assets:

    December 31, 2024 
    Gross Carrying
 Amount  
    Accumulated
 Amortization  
    Net 
  
    Subject to amortization: 

    Trade names 
    $—  
    $—  
    $— 
  
    Distribution network 
     —  
     —  
     — 
  
    Total subject to amortization 
     —  
     —  
     — 
  
    Not subject to amortization: 

    State insurance licenses 
     100  
     —  
     100 
  
    Total 
    $100  
    $—  
    $100 

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

    Trade names 
    $748  
    $448  
    $300 
  
    Distribution network 
     6,700  
     1,489  
     5,211 
  
    Total subject to amortization 
     7,448  
     1,937  
     5,511 
  
    Not subject to amortization 

    State insurance licenses 
     1,900  
     —  
     1,900 
  
    Total 
    $9,348  
    $1,937  
    $7,411 

The following table presents the current and
prior year continuing and discontinued carrying amounts of the Company’s other intangible assets:

    December 31, 2024 
    Gross Carrying
 Amount  
    Accumulated
 Amortization  
    Net 
  
    Subject to amortization: 

    Continuing operations 
    $—  
    $—  
    $— 
  
    Discontinued operations 
     —  
     —  
     — 
  
    Total subject to amortization 
     —  
     —