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Investments - Schedule of Net Investment Gains (Losses) for Continuing and Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Gross realized gains:
Total gross realized gains	$ 1,341	$ 13,841	$ 7,083
Gross realized losses, excluding credit impairment losses:
Total gross realized losses, excluding credit impairment losses	(790)	(1,745)	(5,099)
Net realized gains	551	12,096	1,984
Change in net unrealized gains on equity securities	1,662	(10,167)	(13,959)
Net investment gains (losses) – continuing operations	2,213	1,929	(11,975)
Net investment gains (losses) – discontinued operations	116	195	(1,151)
Net investment gains (losses)	2,329	2,124	(13,126)
Fixed income securities [Member]
Gross realized gains:
Total gross realized gains	12	1	116
Gross realized losses, excluding credit impairment losses:
Total gross realized losses, excluding credit impairment losses	(211)	(524)	(183)
Equity securities [Member]
Gross realized gains:
Total gross realized gains	1,329	13,840	6,967
Gross realized losses, excluding credit impairment losses:
Total gross realized losses, excluding credit impairment losses	$ (579)	$ (1,221)	$ (4,916)

Common and Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2024

Common and Preferred Stock [Abstract]

Schedule of Changes in the Number of Common Stock Shares Outstanding

Changes in the number of common stock shares outstanding were as follows:

	Year Ended December 31,
	2024		2023			2022
Shares outstanding, beginning of period		20,599,908		21,076,255			21,219,808
Treasury shares repurchased through stock repurchase authorization		—		(548,549	)		(269,160	)
Issuance of treasury shares for vesting of restricted stock units		49,045		47,887			101,292
Issuance of shares related to employee stock ownership plan		24,315		24,315			24,315
Shares outstanding, end of period		20,673,268		20,599,908			21,076,255

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Operating Leases

Additional information regarding the Company’s leases are as follows:

	As of and For the Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	383	$	389	$	391
Finance lease cost:
Amortization of right-of-use assets		80		14		—
Interest on lease liabilities		21		4		—
Finance lease cost		101		18		—
Total lease cost	$	484	$	407	$	391

Other information on leases:
Cash payments included in operating cash flows from operating leases	$	406	$	408	$	340
Cash payments included in operating cash flows from finance leases		21		4		—
Cash payments included in financing cash flows from finance leases		99		16		—
Right-of-use assets obtained in exchange for new operating lease liabilities		185		247		—
Right-of-use assets obtained in exchange for new finance lease liabilities		—		319		—
Weighted average discount rate – operating leases		4.48%		3.94%		3.25%
Weighted average discount rate – finance leases		8.50%		8.50%		—
Weighted average remaining lease term in years – operating leases		4.5 years		5.3 years		6.3 years
Weighted average remaining lease term in years – finance leases		1.8 years		2.8 years		—

Schedule of Contractual Maturities of Operating Leases

The following table presents the contractual maturities of the Company’s lease liabilities for each of the five years in the period ending December 31, 2029, and thereafter, reconciled to our lease liability at December 31, 2024:

Year ending December 31,	Operating Leases		Finance Leases		Total
2025	$	393	$	120	$	513
2026		396		100		496
2027		401		—		401
2028		376		—		376
2029		212		—		212
Thereafter		—		—		—
Total undiscounted lease payments		1,778		220		1,998
Less: present value adjustment		160		15		175
Lease liability at December 31, 2024	$	1,618	$	205	$	1,823

Investments

12 Months Ended

Dec. 31, 2024

Investments [Abstract]

Investments

4. Investments

The amortized cost and estimated fair value of fixed income securities, presented on a consolidated basis, including both continuing and discontinued operations, as of December 31, 2024, and December 31, 2023, were as follows:

	December 31, 2024
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. Government and agencies	$	12,601	$	—	$	8	$	(335	)	$	12,274
Obligations of states and political subdivisions		48,559		—		184		(4,920	)		43,823
Corporate securities		123,585		—		206		(7,517	)		116,274
Residential mortgage-backed securities		53,714		—		44		(4,981	)		48,777
Commercial mortgage-backed securities		30,062		—		65		(2,943	)		27,184
Asset-backed securities		59,046		—		386		(3,301	)		56,131
Redeemable preferred stocks		3,737		—		—		(488	)		3,249
Total fixed income securities	$	331,304	$	—	$	893	$	(24,485	)	$	307,712

	December 31, 2023
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. Government and agencies	$	10,998	$	—	$	—	$	(736	)	$	10,262
Obligations of states and political subdivisions		55,769		—		408		(4,716	)		51,461
Corporate securities		152,630		—		442		(10,856	)		142,216
Residential mortgage-backed securities		66,362		—		180		(5,379	)		61,163
Commercial mortgage-backed securities		33,532		—		148		(4,241	)		29,439
Asset-backed securities		52,692		—		142		(3,805	)		49,029
Redeemable preferred stocks		4,747		—		—		(586	)		4,161
Total fixed income securities	$	376,730	$	—	$	1,320	$	(30,319	)	$	347,731

The reconciliation of the amortized cost and estimated fair value of fixed income securities for continuing and discontinued operations as of December 31, 2024, and December 31, 2023, were as follows:

	December 31, 2024
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
Continuing operations	$	331,304	$	—	$	893	$	(24,485	)	$	307,712
Discontinued operations		—		—		—		—			—
Total fixed income securities	$	331,304	$	—	$	893	$	(24,485	)	$	307,712

	December 31, 2023
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
Continuing operations	$	313,182	$	—	$	1,116	$	(24,899	)	$	289,399
Discontinued operations		63,548		—		204		(5,420	)		58,332
Total fixed income securities	$	376,730	$	—	$	1,320	$	(30,319	)	$	347,731

The amortized cost and estimated fair value of fixed income securities by contractual maturity, presented on a consolidated basis, including both continuing and discontinued operations, are shown below. Actual maturities could differ from contractual maturities because issuers may have the right to call or prepay these securities.

	December 31, 2024
	Amortized Cost		Fair Value
Due to mature:
One year or less	$	5,750	$	5,696
After one year through five years		57,986		55,882
After five years through ten years		79,544		74,070
After ten years		41,465		36,723
Mortgage / asset-backed securities		142,822		132,092
Redeemable preferred stocks		3,737		3,249
Total fixed income securities	$	331,304	$	307,712

	December 31, 2023
	Amortized Cost		Fair Value
Due to mature:
One year or less	$	9,612	$	9,436
After one year through five years		75,794		72,602
After five years through ten years		86,185		79,281
After ten years		47,806		42,620
Mortgage / asset-backed securities		152,586		139,631
Redeemable preferred stocks		4,747		4,161
Total fixed income securities	$	376,730	$	347,731

Fixed income securities with a fair value of $5,634 at December 31, 2024, and $6,403 at December 31, 2023, were deposited with various state regulatory agencies as required by law. The Company has not pledged any assets to secure any obligations.

The investment category and duration of the Company’s gross unrealized losses on fixed income securities, presented on a consolidated basis, including both continuing and discontinued operations, are shown below. Investments with unrealized losses are categorized with a duration of greater than 12 months when all positions of a security have continually been in a loss position for at least 12 months.

	December 31, 2024
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
U.S. Government and agencies	$	5,443	$	(109	)	$	4,177	$	(226	)	$	9,620	$	(335	)
Obligations of states and political subdivisions		8,465		(143	)		29,428		(4,777	)		37,893		(4,920	)
Corporate securities		25,790		(481	)		76,364		(7,036	)		102,154		(7,517	)
Residential mortgage-backed securities		20,827		(451	)		23,159		(4,530	)		43,986		(4,981	)
Commercial mortgage-backed securities		1,409		(50	)		19,442		(2,893	)		20,851		(2,943	)
Asset-backed securities		10,926		(122	)		20,579		(3,179	)		31,505		(3,301	)
Redeemable preferred stocks		—		—			3,249		(488	)		3,249		(488	)
Total fixed income securities	$	72,860	$	(1,356	)	$	176,398	$	(23,129	)	$	249,258	$	(24,485	)

	December 31, 2023
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
U.S. Government and agencies	$	—	$	—		$	9,018	$	(736	)	$	9,018	$	(736	)
Obligations of states and political subdivisions		5,239		(359	)		36,194		(4,357	)		41,433		(4,716	)
Corporate securities		8,018		(93	)		110,117		(10,763	)		118,135		(10,856	)
Residential mortgage-backed securities		12,054		(104	)		33,341		(5,275	)		45,395		(5,379	)
Commercial mortgage-backed securities		2,678		(5	)		23,713		(4,236	)		26,391		(4,241	)
Asset-backed securities		4,463		(18	)		30,200		(3,787	)		34,663		(3,805	)
Redeemable preferred stocks		—		—			4,161		(586	)		4,161		(586	)
Total fixed income securities	$	32,452	$	(579	)	$	246,744	$	(29,740	)	$	279,196	$	(30,319	)

The reconciliation for continuing and discontinued operations by duration of the Company’s gross unrealized losses on fixed income securities are shown below.

	December 31, 2024
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
Continuing operations	$	72,860	$	(1,356	)	$	176,398	$	(23,129	)	$	249,258	$	(24,485	)
Discontinued operations		—		—			—		—			—		—
Total fixed income securities	$	72,860	$	(1,356	)	$	176,398	$	(23,129	)	$	249,258	$	(24,485	)

	December 31, 2023
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
Continuing operations	$	24,049	$	(509	)	$	211,367	$	(24,390	)	$	235,416	$	(24,899	)
Discontinued operations		8,403		(70	)		35,377		(5,350	)		43,780		(5,420	)
Total fixed income securities	$	32,452	$	(579	)	$	246,744	$	(29,740	)	$	279,196	$	(30,319	)

We, along with our investment advisor, frequently review our investment portfolio for declines in fair value that could be indicative of credit losses. Beginning on December 31, 2022, credit losses are recognized through an allowance account. We consider a number of factors when determining if an allowance for credit losses is necessary, including payment and default history, credit spreads, credit ratings and rating actions, and probability of default. We determine the credit loss component of fixed income investments by utilizing discounted cash flow modeling to determine the present value of the security and comparing the present value with the amortized cost of the security. We did not recognize any credit losses for fixed income securities at the time of adoption of the new credit loss accounting standard and have not recognized any credit losses for fixed income securities since adoption of the credit loss standard. Therefore, there were no beginning or ending balances of credit losses during the years ended December 31, 2024 or 2023. See Item II, Part 8, Note 3 “Summary of Significant Accounting Policies and Basis of Presentation” section for additional information.

Net investment income for continuing and discontinued operations consisted of the following:

	Year Ended December 31,
	2024		2023		2022
Continuing operations:
Fixed income securities	$	11,401	$	9,418	$	8,216
Equity securities		904		874		1,260
Real estate		355		391		384
Cash and cash equivalents		1,699		456		23
Total gross investment income		14,359		11,139		9,883
Investment expenses		3,416		3,105		3,247
Net investment income – continuing operations		10,943		8,034		6,636
Net investment income – discontinued operations		1,419		2,422		1,184
Net investment income	$	12,362	$	10,456	$	7,820

Net investment gains (losses) for continuing and discontinued operations consisted of the following:

	Year Ended December 31,
	2024			2023			2022
Continuing Operations:
Gross realized gains:
Fixed income securities	$	12		$	1		$	116
Equity securities		1,329			13,840			6,967
Total gross realized gains		1,341			13,841			7,083

Gross realized losses, excluding credit impairment losses:
Fixed income securities		(211	)		(524	)		(183	)
Equity securities		(579	)		(1,221	)		(4,916	)
Total gross realized losses, excluding credit impairment losses		(790	)		(1,745	)		(5,099	)

Net realized gains		551			12,096			1,984

Change in net unrealized gains on equity securities		1,662			(10,167	)		(13,959	)
Net investment gains (losses) – continuing operations		2,213			1,929			(11,975	)
Net investment gains (losses) – discontinued operations		116			195			(1,151	)
Net investment gains (losses)	$	2,329		$	2,124		$	(13,126	)

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 50,930	$ 41,037
Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at December 31, 2024 and 2023)	307,712	289,399
Equity securities, at fair value	24,640	21,983
Other investments	1,812	2,006
Total cash and investments	385,094	354,425
Premiums and agents' balances receivable (net of allowance for expected credit losses of $337 at December 31, 2024 and $394 at December 31, 2023)	52,907	56,154
Deferred policy acquisition costs	26,300	26,790
Reinsurance premiums receivable (payable)	746	(1,403)
Reinsurance recoverables on losses (net of allowance for expected credit losses of $0 at December 31, 2024 and 2023)	12,561	6,460
Income tax recoverable	7,017
Accrued investment income	2,629	2,325
Property and equipment, net	7,547	7,452
Deferred income taxes	7,324	9,228
Receivable from Federal Crop Insurance Corporation	13,223	17,404
Goodwill and other intangibles	100	2,728
Other assets	11,097	10,866
Assets of discontinued operations		162,457
Total assets	526,545	654,886
Liabilities:
Unpaid losses and loss adjustment expenses	137,288	119,185
Unearned premiums	126,498	126,100
Income tax payable		147
Accrued expenses and other liabilities	18,128	17,758
Liabilities of discontinued operations		141,297
Total liabilities	281,914	404,487
Shareholders’ equity:
Common stock, $0.01 par value, authorized 25,000,000 shares, issued: 23,000,000 shares; and outstanding: 2024 – 20,673,268 shares, 2023 – 20,599,908 shares	230	230
Additional paid-in capital	95,796	96,294
Unearned employee stock ownership plan shares	(455)	(698)
Retained earnings	201,584	208,376
Accumulated other comprehensive loss, net of income taxes	(18,231)	(21,384)
Treasury stock, at cost, 2024 – 2,281,252 shares, 2023 – 2,330,297 shares	(34,293)	(35,177)
Non-controlling interest		2,758
Total shareholders’ equity	244,631	250,399
Total liabilities and shareholders’ equity	$ 526,545	$ 654,886

Consolidated Statements of Changes in Shareholders’ Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Unearned Employee Stock Ownership Plan Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss), Net of Income Taxes	Treasury Stock	Non- Controlling Interest	Total
Balance at Dec. 31, 2021	$ 230	$ 98,166	$ (1,184)	$ 267,207	$ 5,237	$ (26,452)	$ 4,209	$ 347,413
Battle Creek demutualization
Net income (loss)				(53,096)			(679)	(53,775)
Impact of Westminster unrealized investment gains/losses
Other comprehensive income (loss), net of income taxes					(34,523)		(1,300)	(35,823)
Purchase of treasury stock						(4,180)		(4,180)
Share-based compensation		(40)						(40)
Issuance of vested award shares		(2,592)		10		1,814		(768)
Distribution of employee stock ownership plan shares		137	243					380
Balance at Dec. 31, 2022	230	95,671	(941)	214,121	(29,286)	(28,818)	2,230	253,207
Battle Creek demutualization
Net income (loss)				(5,476)			250	(5,226)
Impact of Westminster unrealized investment gains/losses
Other comprehensive income (loss), net of income taxes					7,902		278	8,180
Purchase of treasury stock						(7,278)		(7,278)
Share-based compensation		1,366						1,366
Issuance of vested award shares		(822)		(269)		919		(172)
Distribution of employee stock ownership plan shares		79	243					322
Balance at Dec. 31, 2023	230	96,294	(698)	208,376	(21,384)	(35,177)	2,758	250,399
Battle Creek demutualization				3,832	(1,074)		(2,758)
Net income (loss)				(6,060)				(6,060)
Impact of Westminster unrealized investment gains/losses				(4,380)	4,380
Other comprehensive income (loss), net of income taxes					(153)			(153)
Purchase of treasury stock
Share-based compensation		238						238
Issuance of vested award shares		(858)		(184)		884		(158)
Distribution of employee stock ownership plan shares		122	243					365
Balance at Dec. 31, 2024	$ 230	$ 95,796	$ (455)	$ 201,584	$ (18,231)	$ (34,293)		$ 244,631

- Definition

Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions

12 Months Ended

Dec. 31, 2024

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Abstract]

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions

22. Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions

The following table presents selected information, as filed with insurance regulatory authorities, for our insurance subsidiaries as determined in accordance with accounting practices prescribed or permitted by such insurance regulatory authorities as of and for the years ended December 31, 2024, 2023, and 2022:

	2024			2023			2022
Nodak Insurance:
Statutory capital and surplus	$	189,694		$	176,783		$	175,673
Statutory unassigned surplus		184,694			171,783			170,673
Statutory net income (loss)		8,492			7,839			(29,978	)

American West:
Statutory capital and surplus		16,315			15,423			14,957
Statutory unassigned surplus		10,314			9,422			8,956
Statutory net income (loss)		1,001			(38	)		(3,228	)

Primero:
Statutory capital and surplus		9,056			8,585			8,677
Statutory unassigned surplus		(203	)		(675	)		(582	)
Statutory net income (loss)		395			(136	)		(1,211	)

Battle Creek:
Statutory capital and surplus		6,132			6,047			5,660
Statutory unassigned surplus		3,132			3,047			2,660
Statutory net income (loss)		162			146			(1,189	)

Direct Auto:
Statutory capital and surplus		36,875			32,843			32,054
Statutory unassigned surplus		33,875			29,843			29,054
Statutory net income (loss)		3,325			90			(6,074	)

Westminster:
Statutory capital and surplus		—			21,328			20,090
Statutory unassigned surplus		—			16,328			15,090
Statutory net income (loss)		—			1,200			(3,861	)

State insurance laws require our insurance subsidiaries to maintain certain minimum capital and surplus amounts on a statutory basis. Our insurance subsidiaries are subject to regulations that restrict the payment of dividends from statutory surplus and may require prior approval from their domiciliary insurance regulatory authorities. Our insurance subsidiaries are also subject to risk-based capital requirements that may further affect their ability to pay dividends. Our insurance subsidiaries statutory capital and surplus at December 31, 2024 and 2023 exceeded the amount of statutory capital and surplus necessary to satisfy risk-based capital requirements by a significant margin.

Amounts available for distribution in 2025 to Nodak Insurance as dividends from its insurance subsidiaries without prior approval of the North Dakota Insurance Department are $1,001 from American West, $324 from Primero, and $158 from Battle Creek. No dividends were paid to Nodak Insurance from any of these entities during the years ended December 31, 2024, 2023, or 2022.

The amount available for payment of dividends from Nodak Insurance to NI Holdings during 2025 without the prior approval of the North Dakota Insurance Department is approximately $8,273 as of December 31, 2024. No dividends were declared or paid by Nodak Insurance during the years ended December 31, 2024 and 2023. The Nodak Insurance Board of Directors declared and paid dividends of $3,000 to NI Holdings during the year ended December 31, 2022.

The amount available for payment of dividends from Direct Auto to NI Holdings during 2025 without the prior approval of the North Dakota Insurance Department is approximately $3,146 as of December 31, 2024. No dividends were declared or paid by Direct Auto during the years ended December 31, 2024, 2023, or 2022.

Prior to its payment of any dividend, each insurance company will be required to provide notice of the dividend to the North Dakota Insurance Department. This notice must be provided to the North Dakota Insurance Department 30 days prior to the payment of an extraordinary dividend and 10 days prior to the payment of an ordinary dividend. The North Dakota Insurance Department has the power to limit or prohibit dividend payments if an insurance company is in violation of any law or regulation. These restrictions or any subsequently imposed restrictions may affect our future liquidity.

Westminster was sold on June 30, 2024, and therefore no dividends are available to be paid to NI Holdings subsequent to that date. No dividends were declared or paid by Westminster during the years ended December 31, 2024, 2023 or 2022. See Part II, Item 8, Note 20 “Discontinued Operations” for additional information.

Deferred Policy Acquisition Costs - Schedule of Deferred Policy Acquisition Costs and Asset Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred Policy Acquisition Costs [Line Items]
Balance, beginning of year	$ 34,120	$ 29,768	$ 24,947
Deferral of policy acquisition costs	79,363	87,343	71,624
Amortization of deferred policy acquisition costs	(79,185)	(82,991)	(66,803)
Westminster balance disposed in sale	(7,998)
Balance, end of year	26,300	34,120	29,768
Continuing Operations [Member]
Deferred Policy Acquisition Costs [Line Items]
Balance, beginning of year	26,790	22,675	19,047
Deferral of policy acquisition costs	70,767	71,746	57,233
Amortization of deferred policy acquisition costs	(71,257)	(67,631)	(53,605)
Balance, end of year	26,300	26,790	22,675
Discontinued Operations [Member]
Deferred Policy Acquisition Costs [Line Items]
Balance, beginning of year	7,330	7,093	5,900
Deferral of policy acquisition costs	8,596	15,597	14,391
Amortization of deferred policy acquisition costs	(7,928)	(15,360)	(13,198)
Westminster balance disposed in sale	(7,998)
Balance, end of year		$ 7,330	$ 7,093

Royalties, Dividends, and Affiliations

12 Months Ended

Dec. 31, 2024

Royalties, Dividends, and Affiliations [Abstract]

Royalties, Dividends, and Affiliations

11. Royalties, Dividends, and Affiliations

North Dakota Farm Bureau

Nodak Insurance was organized by the NDFB to provide insurance protection for its members. We have a royalty agreement with the NDFB that recognizes the use of their trademark and provides royalties to the NDFB based on the premiums written on Nodak Insurance’s policies. Royalties paid to the NDFB were $1,647, $1,603, and $1,453 during the years ended December 31, 2024, 2023, and 2022, respectively. Royalty amounts payable of $146 and $131 were accrued as a liability to the NDFB at December 31, 2024 and 2023, respectively.

Dividends

State insurance laws require our insurance subsidiaries to maintain certain minimum capital and surplus amounts on a statutory basis. Our insurance subsidiaries are subject to regulations that restrict the payment of dividends from statutory surplus and may require prior approval from their domiciliary insurance regulatory authorities. Our insurance subsidiaries are also subject to risk-based capital requirements that may further affect their ability to pay dividends. Our insurance subsidiaries statutory capital and surplus at December 31, 2024, exceeded the amount of statutory capital and surplus necessary to satisfy risk-based capital requirements by a significant margin.

Prior to its payment of any dividend, Nodak Insurance will be required to provide notice of the dividend to the North Dakota Insurance Department. This notice must be provided to the North Dakota Insurance Department 30 days prior to the payment of an extraordinary dividend and 10 days prior to the payment of an ordinary dividend. The North Dakota Insurance Department has the power to limit or prohibit dividend payments if an insurance company is in violation of any law or regulation. These restrictions or any subsequently imposed restrictions may affect our future liquidity.

Battle Creek

Prior to January 2, 2024, we consolidated the financial statements of Battle Creek, and Battle Creek’s policyholders’ interest in Battle Creek was reflected as a non-controlling interest in shareholders’ equity in our Consolidated Balance Sheets. Subsequent to January 2, 2024, Battle Creek is fully consolidated in our Consolidated Balance Sheets. The following table discloses the standalone balance sheet of Battle Creek, prior to intercompany eliminations, to illustrate the impact of including Battle Creek in our December 31, 2023, Consolidated Balance Sheet prior to demutualization:

	December 31, 2023
Assets:
Cash and cash equivalents	$	2,621
Investments		15,394
Premiums and agents’ balances receivable		5,953
Deferred policy acquisition costs		682
Reinsurance recoverables on losses ⁽²⁾		6,918
Accrued investment income		85
Income tax recoverable		225
Deferred income taxes		706
Property and equipment		306
Other assets		97
Total assets	$	32,987

Liabilities:
Unpaid losses and loss adjustment expenses	$	4,276
Unearned premiums		3,269
Notes payable ⁽¹⁾		3,000
Pooling payable ⁽¹⁾		5,932
Reinsurance losses payable ⁽²⁾		13,275
Accrued expenses and other liabilities		477
Total liabilities		30,229

Equity:
Non-controlling interest		2,758
Total equity		2,758

Total liabilities and equity	$	32,987

⁽¹⁾ Amount fully eliminated in consolidation.

⁽²⁾ Amount partly eliminated in consolidation.

Discontinued Operations - Schedule of Operating Results of Discontinued Operations (Details) - Discontinued Operations [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 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	(405)	247	(1,063)
Net loss	$ (1,512)	$ (25,057)	$ (15,090)
Loss per common share from discontinued operations:
Basic (in Dollars per share)	$ (0.07)	$ (1.18)	$ (0.71)
Diluted (in Dollars per share)	$ (0.07)	$ (1.18)	$ (0.71)

Summary of Significant Accounting Policies and Basis of Presentation - Schedule of Consolidated Statements of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
As Reported [Member]
Schedule of Consolidated Statements of Operations [Line Items]
Loss on sale of discontinued operations, net of taxes	$ (7,762)	$ (7,762)
Net loss	$ (16,236)	$ (9,817)
Loss per common share:
Basic	$ (0.77)	$ (0.47)
Diluted	$ (0.77)	$ (0.47)
Adjustment [Member]
Schedule of Consolidated Statements of Operations [Line Items]
Loss on sale of discontinued operations, net of taxes	$ (3,386)	$ (3,386)
Net loss	$ (3,386)	$ (3,386)
Loss per common share:
Basic	$ (0.17)	$ (0.16)
Diluted	$ (0.17)	$ (0.16)
As Restated [Member]
Schedule of Consolidated Statements of Operations [Line Items]
Loss on sale of discontinued operations, net of taxes	$ (11,148)	$ (11,148)
Net loss	$ (19,622)	$ (13,203)
Loss per common share:
Basic	$ (0.94)	$ (0.63)
Diluted	$ (0.94)	$ (0.63)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Line Items]
Leases expenses	$ 484	$ 407	$ 391
Operating lease liabilitiy	Operating Leases - Lease liability at December 31, 2024
Financing lease liabilitiy	Finance Leases - Lease liability at December 31, 2024
Spearfish [Member]
Leases [Line Items]
Operating lease expiration year	2028
Chicago [Member]
Leases [Line Items]
Operating lease expiration year	2029
Fargo [Member]
Leases [Line Items]
Operating lease expiration year	2029

Goodwill and Other Intangibles - Schedule of Goodwill and Related Impairment by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Goodwill and Related Impairment by Segment [Line Items]
Goodwill, beginning of period	$ 2,628	$ 9,384	$ 9,384
Impairment recognized during the period	(2,628)	(6,756)
Goodwill, end of period		2,628	9,384
Non-standard Auto [Member]
Schedule of Goodwill and Related Impairment by Segment [Line Items]
Goodwill, beginning of period	2,628	2,628	2,628
Impairment recognized during the period	(2,628)
Goodwill, end of period		2,628	2,628
Commercial [Member]
Schedule of Goodwill and Related Impairment by Segment [Line Items]
Goodwill, beginning of period		6,756	6,756
Impairment recognized during the period		(6,756)
Goodwill, end of period			$ 6,756

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Segment Information

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Segment Information

21. Segment Information

We have five reportable operating segments of our continuing operations, which consist of Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which primarily consists of commercial, assumed reinsurance, and our excess liability business). Prior to the sale of Westminster on June 30, 2024, we also reported a Commercial segment that consisted primarily of Westminster’s balances and results. Subsequent to the sale, Westminster is reported as part of discontinued operations, which is not included in our segment information. The commercial business that remains a part of our continuing operations has been included in the All Other segment for the current and prior periods presented. We operate only in the U.S., and no single customer or agent provides 10 percent or more of our revenues. The following tables provide available information of these segments for the years ended December 31, 2024, 2023, and 2022.

Our CODM is currently our President and Chief Executive Officer (CEO). The primary profitability measurement used by the CEO to review segment operating results is underwriting gain (loss). The CEO uses segment underwriting gain (loss) to allocate resources (including employees, financial and capital resources) for each segment predominantly in the annual planning process. Segment underwriting gain (loss) is used to monitor segment results compared to prior period, forecasted results, and the annual plan. For purposes of evaluating profitability of the Non-Standard Auto segment, we combine the policy fees paid by the insured with the underwriting gain or loss as its primary profitability measure. As a result, these fees are allocated to the Non-Standard Auto segment (included in fee and other income) in the tables below. The remaining fee and other income amounts are not allocated to any segment.

We do not assign or allocate all line items in our Consolidated Statement of Operations or Consolidated Balance Sheets to our operating segments. Those line items include net investment income, net investment gains (losses), fee and other income excluding Non-Standard Auto, and income tax expense (benefit) within the Unaudited Consolidated Statement of Operations. For the Consolidated Balance Sheets, those items include cash and investments, property and equipment, other assets, accrued expenses and other liabilities, income taxes recoverable or payable, and shareholders’ equity.

	Year Ended December 31, 2024
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			All Other			Total
Direct premiums earned	$	94,865		$	95,502		$	102,073		$	36,421		$	13,024		$	341,885
Assumed premiums earned		—			—			—			2,147			837			2,984
Ceded premiums earned		(4,551	)		(277	)		(11,312	)		(17,426	)		(1,193	)		(34,759	)
Net premiums earned		90,314			95,225			90,761			21,142			12,668			310,110

Direct losses and loss adjustment expenses		54,340			76,130			66,968			12,310			11,243			220,991
Assumed losses and loss adjustment expenses		—			—			—			537			247			784
Ceded losses and loss adjustment expenses		(2,471	)		—			(2,407	)		(3,776	)		(5,656	)		(14,310	)
Net losses and loss adjustment expenses		51,869			76,130			64,561			9,071			5,834			207,465

Gross margin		38,445			19,095			26,200			12,071			6,834			102,645

Amortization of deferred policy acquisition costs		17,177			30,395			17,970			3,465			2,250			71,257
Other underwriting and general expenses ⁽¹⁾		10,861			6,337			10,603			1,417			4,491			33,709
Underwriting and general expenses		28,038			36,732			28,573			4,882			6,741			104,966
Underwriting gain (loss)		10,407			(17,637	)		(2,373	)		7,189			93			(2,321	)

Fee and other income					1,219												1,938
					(16,418	)

Goodwill impairment charge					(2,628	)											(2,628	)

Net investment income																	10,943
Net investment gains (losses)																	2,213
Income (loss) before income taxes																	10,145
Income tax expense (benefit)																	3,545
Net income (loss)																	6,600
Net income (loss) attributable to non-controlling interest																	—
Net income (loss) attributable to NI Holdings, Inc.																$	6,600

Operating Ratios:
Loss and loss adjustment expense ratio		57.4%			79.9%			71.1%			42.9%			46.1%			66.9%
Expense ratio		31.0%			38.6%			31.5%			23.1%			53.2%			33.8%
Combined ratio		88.4%			118.5%			102.6%			66.0%			99.3%			100.7%


Balances at December 31, 2024:
Premiums and agents’ balances receivable	$	25,843		$	13,757		$	10,560		$	103		$	2,644		$	52,907
Deferred policy acquisition costs		6,535			9,135			9,437			—			1,193			26,300
Reinsurance recoverables on losses		2,358			—			1,934			478			7,791			12,561
Receivable from Federal Crop Insurance Corporation		—			—			—			13,223			—			13,223
Goodwill and other intangibles		—			100			—			—			—			100
Unpaid losses and loss adjustment expenses		28,103			77,580			16,162			1,789			13,654			137,288
Unearned premiums		37,711			28,391			53,319			—			7,077			126,498

(1) Other underwriting and general expenses for each segment include expenses related to compensation, vendor services, and other administrative items.

	Year Ended December 31, 2023
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			All Other			Total
Direct premiums earned	$	87,431		$	88,170		$	93,130		$	45,273		$	11,586		$	325,590
Assumed premiums earned		—			—			—			2,262			1,308			3,570
Ceded premiums earned		(4,071	)		(410	)		(9,741	)		(21,718	)		(1,103	)		(37,043	)
Net premiums earned		83,360			87,760			83,389			25,817			11,791			292,117

Direct losses and loss adjustment expenses		59,385			63,041			52,455			17,669			2,588			195,138
Assumed losses and loss adjustment expenses		—			—			—			787			353			1,140
Ceded losses and loss adjustment expenses		819			—			(1,520	)		(7,663	)		(1,398	)		(9,762	)
Net losses and loss adjustment expenses		60,204			63,041			50,935			10,793			1,543			186,516

Gross margin		23,156			24,719			32,454			15,024			10,248			105,601

Amortization of deferred policy acquisition costs		15,797			29,585			16,446			3,828			1,975			67,631
Other underwriting and general expenses ⁽¹⁾		8,895			7,994			8,451			2,494			1,492			29,326
Underwriting and general expenses		24,692			37,579			24,897			6,322			3,467			96,957
Underwriting gain (loss)		(1,536	)		(12,860	)		7,557			8,702			6,781			8,644

Fee and other income					1,293												1,940
					(11,567	)

Goodwill impairment charge																	—

Net investment income																	8,034
Net investment gains (losses)																	1,929
Income (loss) before income taxes																	20,547
Income tax expense (benefit)																	716
Net income (loss)																	19,831
Net income (loss) attributable to non-controlling interest																	250
Net income (loss) attributable to NI Holdings, Inc.																$	19,581

Operating Ratios:
Loss and loss adjustment expense ratio		72.2%			71.8%			61.1%			41.8%			13.1%			63.8%
Expense ratio		29.6%			42.8%			29.9%			24.5%			29.4%			33.2%
Combined ratio		101.8%			114.6%			91.0%			66.3%			42.5%			97.0%


Balances at December 31, 2023:
Premiums and agents’ balances receivable	$	24,152		$	19,853		$	9,755		$	89		$	2,305		$	56,154
Deferred policy acquisition costs		5,834			11,966			8,005			—			985			26,790
Reinsurance recoverables on losses		15			—			2,949			1,343			2,153			6,460
Receivable from Federal Crop Insurance Corporation		—			—			—			17,404			—			17,404
Goodwill and other intangibles		—			2,728			—			—			—			2,728
Unpaid losses and loss adjustment expenses		28,037			61,272			18,205			3,884			7,787			119,185
Unearned premiums		35,367			36,426			48,210			—			6,097			126,100

(1) Other underwriting and general expenses for each segment include expenses related to compensation, vendor services, and other administrative items.

	Year Ended December 31, 2022
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			All Other			Total
Direct premiums earned	$	80,410		$	67,178		$	88,143		$	53,215		$	10,661		$	299,607
Assumed premiums earned		—			—			—			2,254			4,296			6,550
Ceded premiums earned		(2,805	)		(267	)		(9,762	)		(20,748	)		(835	)		(34,417	)
Net premiums earned		77,605			66,911			78,381			34,721			14,122			271,740

Direct losses and loss adjustment expenses		66,250			39,400			114,195			27,146			8,196			255,187
Assumed losses and loss adjustment expenses		—			—			—			634			1,735			2,369
Ceded losses and loss adjustment expenses		(830	)		—			(6,372	)		(8,362	)		(242	)		(15,806	)
Net losses and loss adjustment expenses		65,420			39,400			107,823			19,418			9,689			241,750

Gross margin		12,185			27,511			(29,442	)		15,303			4,433			29,990

Amortization of deferred policy acquisition costs		13,584			20,831			14,764			2,667			1,759			53,605
Other underwriting and general expenses ⁽¹⁾		8,149			6,172			8,438			400			2,144			25,303
Underwriting and general expenses		21,733			27,003			23,202			3,067			3,903			78,908
Underwriting gain (loss)		(9,548	)		508			(52,644	)		12,236			530			(48,918	)

Fee and other income					831												1,381
					1,339

Goodwill impairment charge																	—

Net investment income																	6,636
Net investment gains (losses)																	(11,975	)
Income (loss) before income taxes																	(52,876	)
Income tax expense (benefit)																	(14,191	)
Net income (loss)																	(38,685	)
Net income (loss) attributable to non-controlling interest																	(679	)
Net income (loss) attributable to NI Holdings, Inc.																$	(38,006	)

Operating Ratios:
Loss and loss adjustment expense ratio		84.3%			58.9%			137.6%			55.9%			68.6%			89.0%
Expense ratio		28.0%			40.4%			29.6%			8.8%			27.6%			29.0%
Combined ratio		112.3%			99.3%			167.2%			64.7%			96.2%			118.0%


Balances at December 31, 2022:
Premiums and agents’ balances receivable	$	20,669		$	14,884		$	9,388		$	381		$	2,024		$	47,346
Deferred policy acquisition costs		5,040			9,378			7,376			—			881			22,675
Reinsurance recoverables on losses		1,440			—			5,732			589			825			8,586
Receivable from Federal Crop Insurance Corporation		—			—			—			15,462			—			15,462
Goodwill and other intangibles		—			2,761			—			—			—			2,761
Unpaid losses and loss adjustment expenses		27,439			46,231			27,989			2,145			10,492			114,296
Unearned premiums		30,721			29,301			44,957			—			5,947			110,926

(1) Other underwriting and general expenses for each segment include expenses related to compensation, vendor services, and other administrative items.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Unpaid Losses and Loss Adjustment Expenses - Schedule of Required Supplementary Information about Average Historical Claims Duration (Details)	Dec. 31, 2024
Private Passenger Auto [Member]
Schedule of Supplementary Information about Average Historical Claims [Line Items]
Years 1	50.50%
Years 2	20.50%
Years 3	11.10%
Years 4	6.50%
Years 5	4.50%
Years 6	3.40%
Years 7	3.10%
Years 8	0.30%
Years 9	0.10%
Years 10
Non-Standard Auto [Member]
Schedule of Supplementary Information about Average Historical Claims [Line Items]
Years 1	45.10%
Years 2	23.10%
Years 3	13.90%
Years 4	8.20%
Years 5	4.50%
Years 6	2.10%
Years 7	1.40%
Years 8	1.00%
Years 9	0.60%
Years 10	0.10%
Home and Farm [Member]
Schedule of Supplementary Information about Average Historical Claims [Line Items]
Years 1	67.20%
Years 2	15.00%
Years 3	8.90%
Years 4	4.30%
Years 5	1.30%
Years 6	0.70%
Years 7	0.70%
Years 8	0.70%
Years 9	1.20%
Years 10
Crop [Member]
Schedule of Supplementary Information about Average Historical Claims [Line Items]
Years 1	100.00%
Years 2
Years 3
Years 4
Years 5
Years 6
Years 7
Years 8
Years 9
Years 10

Common and Preferred Stock - Schedule of Changes in the Number of Common Stock Shares Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Changes in the Number of Common Stock Shares Outstanding [Abstract]
Shares outstanding, beginning of period	20,599,908	21,076,255	21,219,808
Treasury shares repurchased through stock repurchase authorization		(548,549)	(269,160)
Issuance of treasury shares for vesting of restricted stock units	49,045	47,887	101,292
Issuance of shares related to employee stock ownership plan	24,315	24,315	24,315
Shares outstanding, end of period	20,673,268	20,599,908	21,076,255

Unpaid Losses and Loss Adjustment Expenses - Schedule of Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$ 217,119	$ 190,459	$ 139,662
Reinsurance recoverables on losses	48,969	37,575	21,200
Net balance, beginning of year	168,150	152,884	118,462
Incurred related to:
Current year	218,063	223,960	293,283
Prior years	12,908	20,452	1,149
Total incurred	230,971	244,412	294,432
Paid related to:
Current year	131,570	138,600	197,250
Prior years	80,636	90,548	62,760
Total paid	212,206	229,148	260,010
Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses	107,508
Reinsurance recoverables on losses	45,320
Net balance, date of sale	62,188
Balance, end of year:
Liability for unpaid losses and loss adjustment expenses	137,288	217,119	190,459
Reinsurance recoverables on losses	12,561	48,969	37,575
Net balance, end of year	124,727	168,150	152,884
Continuing Operations [Member]
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	119,185	114,296	108,000
Reinsurance recoverables on losses	6,460	8,586	12,478
Net balance, beginning of year	112,725	105,710	95,522
Incurred related to:
Current year	193,948	184,210	247,635
Prior years	13,517	2,306	(5,885)
Total incurred	207,465	186,516	241,750
Paid related to:
Current year	126,006	121,466	181,434
Prior years	69,457	58,036	50,128
Total paid	195,463	179,502	231,562
Balance, end of year:
Liability for unpaid losses and loss adjustment expenses	137,288	119,185	114,296
Reinsurance recoverables on losses	12,561	6,460	8,586
Net balance, end of year	124,727	112,725	105,710
Discontinued Operations [Member]
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	97,934	76,163	31,662
Reinsurance recoverables on losses	42,509	28,989	8,722
Net balance, beginning of year	55,425	47,174	22,940
Incurred related to:
Current year	24,115	39,750	45,648
Prior years	(609)	18,146	7,034
Total incurred	23,506	57,896	52,682
Paid related to:
Current year	5,564	17,132	15,816
Prior years	11,179	32,512	12,632
Total paid	16,743	49,644	28,448
Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses	107,508
Reinsurance recoverables on losses	45,320
Net balance, date of sale	62,188
Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		97,934	76,163
Reinsurance recoverables on losses		42,509	28,989
Net balance, end of year		$ 55,425	$ 47,174

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Compensation [Abstract]

Schedule of Restricted Stock Outstanding

A summary of the Company’s outstanding and unearned RSUs is presented below:

	RSUs			Weighted-Average Grant-Date Fair Value Per Share
Units outstanding and unearned at January 1, 2022		108,380		$	16.86
RSUs granted during 2022		59,600			17.61
RSUs earned during 2022		(52,620	)		17.39
Units outstanding and unearned at December 31, 2022		115,360			17.00

RSUs granted during 2023		85,000			13.76
RSUs earned during 2023		(53,780	)		16.32
Units outstanding and unearned at December 31, 2023		146,580			15.37

RSUs granted during 2024		119,398			14.67
RSUs earned during 2024		(69,420	)		14.82
Forfeitures ⁽¹⁾		(92,160	)		15.18
Units outstanding and unearned at December 31, 2024		104,398		$	15.11

⁽¹⁾Represents RSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

Schedule of RSU Activity

The following table shows the impact of RSU activity to the Company’s financial results:

	Year Ended December 31,
	2024			2023			2022
RSU compensation expense	$	502		$	1,095		$	952
Income tax benefit		(113	)		(249	)		(216	)
RSU compensation expense, net of income taxes	$	389		$	846		$	736

Total grant-date fair value of vested RSUs at end of period	$	1,028		$	872		$	915

Schedule of Performance Stock Outstanding

A summary of the Company’s outstanding PSUs is presented below:

	PSUs			Weighted-Average Grant-Date Fair Value Per Share
Units outstanding at January 1, 2022		190,600		$	16.06
PSUs granted during 2022 (at target)		61,800			18.10
PSUs earned during 2022		(86,684	)		15.21
Performance adjustment ⁽¹⁾		31,200			15.21
Forfeitures		(6,916	)		15.21
Units outstanding at December 31, 2022		190,000			17.00

PSUs granted during 2023 (at target)		87,400			13.85
PSUs earned during 2023		—			—
Performance adjustment ⁽¹⁾		(63,600	)		14.26
Forfeitures		—			—
Units outstanding at December 31, 2023		213,800			16.53

PSUs granted during 2024 (at target)		79,800			14.19
PSUs earned during 2024		—			—
Performance adjustment ⁽¹⁾		(147,173	)		16.14
Forfeitures ⁽²⁾		(120,100	)		15.23
Units outstanding at December 31, 2024		26,327		$	17.50

⁽¹⁾ Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.

⁽²⁾ Represents PSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

Schedule of PSU Activity

The following table shows the impact of PSU activity to the Company’s financial results:

	Year Ended December 31,
	2024			2023			2022
PSU compensation expense (benefit)	$	(264	)	$	206		$	(1,022	)
Income tax benefit (expense)		60			(47	)		232
PSU compensation expense (benefit), net of income taxes	$	(204	)	$	159		$	(790	)

Total grant-date fair value of vested PSUs at end of period	$	—		$	—		$	1,319

Fair Value Measurements - Schedule of Continuing and Discontinued Operations Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	$ 307,712	$ 347,731
Total equity securities	24,640	21,983
Total money market accounts and cash equivalents	10,950	25,596
Total assets at fair value	343,302	401,094
Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Total money market accounts and cash equivalents	10,950	19,412
Total assets at fair value	35,590	47,179
Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	307,712	347,731
Total money market accounts and cash equivalents		6,184
Total assets at fair value	307,712	353,915
Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Total money market accounts and cash equivalents
Total assets at fair value
Fixed income securities [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	307,712	347,731
Fixed income securities [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Fixed income securities [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	307,712	347,731
Fixed income securities [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Equity securities [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities	24,640	27,767
Equity securities [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities	24,640	27,767
Equity securities [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities
Equity securities [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities
Continuing operations [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	307,712	289,399
Total money market accounts and cash equivalents	10,950	16,239
Continuing operations [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents	10,950	16,239
Continuing operations [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents
Continuing operations [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents
Continuing operations [Member] \| Fixed income securities [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	307,712	289,399
Continuing operations [Member] \| Fixed income securities [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Continuing operations [Member] \| Fixed income securities [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	307,712	289,399
Continuing operations [Member] \| Fixed income securities [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Continuing operations [Member] \| Equity securities [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities	24,640	21,983
Continuing operations [Member] \| Equity securities [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities	24,640	21,983
Continuing operations [Member] \| Equity securities [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities
Continuing operations [Member] \| Equity securities [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities
Discontinued operations [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities		58,332
Total money market accounts and cash equivalents		9,357
Discontinued operations [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents		3,173
Discontinued operations [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents		6,184
Discontinued operations [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents
Discontinued operations [Member] \| Fixed income securities [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities		58,332
Discontinued operations [Member] \| Fixed income securities [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Discontinued operations [Member] \| Fixed income securities [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities		58,332
Discontinued operations [Member] \| Fixed income securities [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Discontinued operations [Member] \| Equity securities [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities		5,784
Discontinued operations [Member] \| Equity securities [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities		5,784
Discontinued operations [Member] \| Equity securities [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities
Discontinued operations [Member] \| Equity securities [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities
Total money market accounts and cash equivalents [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents	10,950
Total money market accounts and cash equivalents [Member] \| Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents	10,950
Total money market accounts and cash equivalents [Member] \| Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents
Total money market accounts and cash equivalents [Member] \| Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total money market accounts and cash equivalents

Investments - Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fixed income securities:
Cost or Amortized Cost	$ 331,304	$ 376,730
Allowance for Expected Credit Losses
Gross Unrealized Gains	893	1,320
Gross Unrealized Losses	(24,485)	(30,319)
Fair Value	307,712	347,731
U.S. Government and agencies [Member]
Fixed income securities:
Cost or Amortized Cost	12,601	10,998
Allowance for Expected Credit Losses
Gross Unrealized Gains	8
Gross Unrealized Losses	(335)	(736)
Fair Value	12,274	10,262
Obligations of states and political subdivisions [Member]
Fixed income securities:
Cost or Amortized Cost	48,559	55,769
Allowance for Expected Credit Losses
Gross Unrealized Gains	184	408
Gross Unrealized Losses	(4,920)	(4,716)
Fair Value	43,823	51,461
Corporate securities [Member]
Fixed income securities:
Cost or Amortized Cost	123,585	152,630
Allowance for Expected Credit Losses
Gross Unrealized Gains	206	442
Gross Unrealized Losses	(7,517)	(10,856)
Fair Value	116,274	142,216
Residential mortgage-backed securities [Member]
Fixed income securities:
Cost or Amortized Cost	53,714	66,362
Allowance for Expected Credit Losses
Gross Unrealized Gains	44	180
Gross Unrealized Losses	(4,981)	(5,379)
Fair Value	48,777	61,163
Commercial mortgage-backed securities [Member]
Fixed income securities:
Cost or Amortized Cost	30,062	33,532
Allowance for Expected Credit Losses
Gross Unrealized Gains	65	148
Gross Unrealized Losses	(2,943)	(4,241)
Fair Value	27,184	29,439
Asset-backed securities [Member]
Fixed income securities:
Cost or Amortized Cost	59,046	52,692
Allowance for Expected Credit Losses
Gross Unrealized Gains	386	142
Gross Unrealized Losses	(3,301)	(3,805)
Fair Value	56,131	49,029
Redeemable preferred stocks [Member]
Fixed income securities:
Cost or Amortized Cost	3,737	4,747
Allowance for Expected Credit Losses
Gross Unrealized Gains
Gross Unrealized Losses	(488)	(586)
Fair Value	$ 3,249	$ 4,161

Allowance for Expected Credit Losses - Schedule of Allowance for Expected Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses [Member] \| Continuing Operations [Member]
Schedule of Allowance for Expected Credit Losses [ Line Items]
Balance, beginning of period	$ 56,154	$ 47,346
Balance, end of period	52,907	56,154
Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses [Member] \| Discontinued Operations [Member]
Schedule of Allowance for Expected Credit Losses [ Line Items]
Balance, beginning of period	17,904	14,827
Westminster balances disposed in sale	16,030
Balance, end of period		17,904
Allowance for Expected Credit Losses [Member] \| Continuing Operations [Member]
Schedule of Allowance for Expected Credit Losses [ Line Items]
Balance, beginning of period	394	417
Current period charge for expected credit losses	210	327
Write-offs of uncollectible premiums receivable	(267)	(350)
Balance, end of period	337	394
Allowance for Expected Credit Losses [Member] \| Discontinued Operations [Member]
Schedule of Allowance for Expected Credit Losses [ Line Items]
Balance, beginning of period	8	8
Current period charge for expected credit losses	4	8
Write-offs of uncollectible premiums receivable	(4)	(8)
Westminster balances disposed in sale	(8)
Balance, end of period		$ 8

Summary of Significant Accounting Policies and Basis of Presentation (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2020	Aug. 31, 2018
Summary of Significant Accounting Policies and of Presentation [Line Items]
Invested assets		$ 1,812	$ 2,006
Credit losses		337	$ 394	$ 425
Cash balances		250
Short-term investment		500
Amortized over period						5 years
Cash purchase price		10,500
Statutory surplus balance		20,000
Post-closing payment	$ 1,772
Allowance for Expected Credit Losses [Member]
Summary of Significant Accounting Policies and of Presentation [Line Items]
Credit losses		$ 425
Maximum [Member]
Summary of Significant Accounting Policies and of Presentation [Line Items]
Amortized over period					20 years
Minimum [Member]
Summary of Significant Accounting Policies and of Presentation [Line Items]
Amortized over period					10 years

Summary of Significant Accounting Policies and Basis of Presentation - Schedule of Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
As Reported [Member]
Schedule of Consolidated Statements of Cash Flows [Line Items]
Net income (loss)	$ (16,236)	$ (9,817)
Net cash flows from operating activities – loss on sale of discontinued operations		15,865
Total adjustments		43,065
Adjustment [Member]
Schedule of Consolidated Statements of Cash Flows [Line Items]
Net income (loss)	(3,386)	(3,386)
Net cash flows from operating activities – loss on sale of discontinued operations		3,386
Total adjustments		3,386
As Restated [Member]
Schedule of Consolidated Statements of Cash Flows [Line Items]
Net income (loss)	$ (19,622)	(13,203)
Net cash flows from operating activities – loss on sale of discontinued operations		19,251
Total adjustments		$ 46,451

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
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Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section S99
-Paragraph 1A
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
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+ Details

Segment Information - Schedule of Revenue by Insurance Product Line (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	$ 341,885	$ 325,590	$ 299,607
Assumed premiums earned	2,984	3,570	6,550
Ceded premiums earned	(34,759)	(37,043)	(34,417)
Net premiums earned	310,110	292,117	271,740
Direct losses and loss adjustment expenses	220,991	195,138	255,187
Assumed losses and loss adjustment expenses	784	1,140	2,369
Ceded losses and loss adjustment expenses	(14,310)	(9,762)	(15,806)
Net losses and loss adjustment expenses	207,465	186,516	241,750
Gross margin	102,645	105,601	29,990
Amortization of deferred policy acquisition costs	71,257	67,631	53,605
Other underwriting and general expenses (1)	33,709	29,326	25,303
Underwriting and general expenses	104,966	96,957	78,908
Underwriting gain (loss)	(2,321)	8,644	(48,918)
Fee and other income	1,938	1,940	1,381
Total	1,938	1,940	1,381
Goodwill impairment charge	(2,628)
Net investment income	10,943	8,034	6,636
Net investment gains (losses)	2,213	1,929	(11,975)
Income (loss) before income taxes	10,145	20,547	(52,876)
Income tax expense (benefit)	3,545	716	(14,191)
Net income (loss)	6,600	19,831	(38,685)
Net income (loss) attributable to non-controlling interest		250	(679)
Net income (loss) from continuing operations attributable to NI Holdings, Inc.	$ 6,600	$ 19,581	$ (38,006)
Operating Ratios:
Loss and loss adjustment expense ratio	66.90%	63.80%	89.00%
Expense ratio	33.80%	33.20%	29.00%
Combined ratio	100.70%	97.00%	118.00%
Balances at December 31, 2022:
Premiums and agents’ balances receivable	$ 52,907	$ 56,154	$ 47,346
Deferred policy acquisition costs	26,300	26,790	22,675
Reinsurance recoverables on losses	12,561	6,460	8,586
Receivable from Federal Crop Insurance Corporation	13,223	17,404	15,462
Goodwill and other intangibles	100	2,728	2,761
Unpaid losses and loss adjustment expenses	137,288	119,185	114,296
Unearned premiums	126,498	126,100	110,926
Private Passenger Auto [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	94,865	87,431	80,410
Assumed premiums earned
Ceded premiums earned	(4,551)	(4,071)	(2,805)
Net premiums earned	90,314	83,360	77,605
Direct losses and loss adjustment expenses	54,340	59,385	66,250
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses	(2,471)	819	(830)
Net losses and loss adjustment expenses	51,869	60,204	65,420
Gross margin	38,445	23,156	12,185
Amortization of deferred policy acquisition costs	17,177	15,797	13,584
Other underwriting and general expenses (1)	10,861	8,895	8,149
Underwriting and general expenses	28,038	24,692	21,733
Underwriting gain (loss)	$ 10,407	$ (1,536)	$ (9,548)
Operating Ratios:
Loss and loss adjustment expense ratio	57.40%	72.20%	84.30%
Expense ratio	31.00%	29.60%	28.00%
Combined ratio	88.40%	101.80%	112.30%
Balances at December 31, 2022:
Premiums and agents’ balances receivable	$ 25,843	$ 24,152	$ 20,669
Deferred policy acquisition costs	6,535	5,834	5,040
Reinsurance recoverables on losses	2,358	15	1,440
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	28,103	28,037	27,439
Unearned premiums	37,711	35,367	30,721
Non-Standard Auto [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	95,502	88,170	67,178
Assumed premiums earned
Ceded premiums earned	(277)	(410)	(267)
Net premiums earned	95,225	87,760	66,911
Direct losses and loss adjustment expenses	76,130	63,041	39,400
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses
Net losses and loss adjustment expenses	76,130	63,041	39,400
Gross margin	19,095	24,719	27,511
Amortization of deferred policy acquisition costs	30,395	29,585	20,831
Other underwriting and general expenses (1)	6,337	7,994	6,172
Underwriting and general expenses	36,732	37,579	27,003
Underwriting gain (loss)	(17,637)	(12,860)	508
Fee and other income	1,219	1,293	831
Total	(16,418)	$ (11,567)	$ 1,339
Goodwill impairment charge	$ (2,628)
Operating Ratios:
Loss and loss adjustment expense ratio	79.90%	71.80%	58.90%
Expense ratio	38.60%	42.80%	40.40%
Combined ratio	118.50%	114.60%	99.30%
Balances at December 31, 2022:
Premiums and agents’ balances receivable	$ 13,757	$ 19,853	$ 14,884
Deferred policy acquisition costs	9,135	11,966	9,378
Reinsurance recoverables on losses
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles	100	2,728	2,761
Unpaid losses and loss adjustment expenses	77,580	61,272	46,231
Unearned premiums	28,391	36,426	29,301
Home and Farm [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	102,073	93,130	88,143
Assumed premiums earned
Ceded premiums earned	(11,312)	(9,741)	(9,762)
Net premiums earned	90,761	83,389	78,381
Direct losses and loss adjustment expenses	66,968	52,455	114,195
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses	(2,407)	(1,520)	(6,372)
Net losses and loss adjustment expenses	64,561	50,935	107,823
Gross margin	26,200	32,454	(29,442)
Amortization of deferred policy acquisition costs	17,970	16,446	14,764
Other underwriting and general expenses (1)	10,603	8,451	8,438
Underwriting and general expenses	28,573	24,897	23,202
Underwriting gain (loss)	$ (2,373)	$ 7,557	$ (52,644)
Operating Ratios:
Loss and loss adjustment expense ratio	71.10%	61.10%	137.60%
Expense ratio	31.50%	29.90%	29.60%
Combined ratio	102.60%	91.00%	167.20%
Balances at December 31, 2022:
Premiums and agents’ balances receivable	$ 10,560	$ 9,755	$ 9,388
Deferred policy acquisition costs	9,437	8,005	7,376
Reinsurance recoverables on losses	1,934	2,949	5,732
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	16,162	18,205	27,989
Unearned premiums	53,319	48,210	44,957
Crop [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	36,421	45,273	53,215
Assumed premiums earned	2,147	2,262	2,254
Ceded premiums earned	(17,426)	(21,718)	(20,748)
Net premiums earned	21,142	25,817	34,721
Direct losses and loss adjustment expenses	12,310	17,669	27,146
Assumed losses and loss adjustment expenses	537	787	634
Ceded losses and loss adjustment expenses	(3,776)	(7,663)	(8,362)
Net losses and loss adjustment expenses	9,071	10,793	19,418
Gross margin	12,071	15,024	15,303
Amortization of deferred policy acquisition costs	3,465	3,828	2,667
Other underwriting and general expenses (1)	1,417	2,494	400
Underwriting and general expenses	4,882	6,322	3,067
Underwriting gain (loss)	$ 7,189	$ 8,702	$ 12,236
Operating Ratios:
Loss and loss adjustment expense ratio	42.90%	41.80%	55.90%
Expense ratio	23.10%	24.50%	8.80%
Combined ratio	66.00%	66.30%	64.70%
Balances at December 31, 2022:
Premiums and agents’ balances receivable	$ 103	$ 89	$ 381
Deferred policy acquisition costs
Reinsurance recoverables on losses	478	1,343	589
Receivable from Federal Crop Insurance Corporation	13,223	17,404	15,462
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	1,789	3,884	2,145
Unearned premiums
All Other [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	13,024	11,586	10,661
Assumed premiums earned	837	1,308	4,296
Ceded premiums earned	(1,193)	(1,103)	(835)
Net premiums earned	12,668	11,791	14,122
Direct losses and loss adjustment expenses	11,243	2,588	8,196
Assumed losses and loss adjustment expenses	247	353	1,735
Ceded losses and loss adjustment expenses	(5,656)	(1,398)	(242)
Net losses and loss adjustment expenses	5,834	1,543	9,689
Gross margin	6,834	10,248	4,433
Amortization of deferred policy acquisition costs	2,250	1,975	1,759
Other underwriting and general expenses (1)	4,491	1,492	2,144
Underwriting and general expenses	6,741	3,467	3,903
Underwriting gain (loss)	$ 93	$ 6,781	$ 530
Operating Ratios:
Loss and loss adjustment expense ratio	46.10%	13.10%	68.60%
Expense ratio	53.20%	29.40%	27.60%
Combined ratio	99.30%	42.50%	96.20%
Balances at December 31, 2022:
Premiums and agents’ balances receivable	$ 2,644	$ 2,305	$ 2,024
Deferred policy acquisition costs	1,193	985	881
Reinsurance recoverables on losses	7,791	2,153	825
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	13,654	7,787	10,492
Unearned premiums	$ 7,077	$ 6,097	$ 5,947

Recent Accounting Pronouncements

12 Months Ended

Dec. 31, 2024

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

2. Recent Accounting Pronouncements

Adopted

Improvements to Reportable Segment Disclosures

In the fourth quarter of 2024, the Company adopted the annual and interim disclosure requirements of ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” issued by the FASB in November 2023. The amendments expand a public business entity's segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), clarifying when an entity may report one or more additional measures to assess segment performance, requiring enhanced interim disclosures, providing new disclosure requirements for entities with a single reportable segment, and requiring other new disclosures. See Item II, Part 8, Note 21 “Segment Information” section of this Annual Report for applicable disclosures required by this guidance.

Measurement of Credit Losses on Financial Instruments

In December 2022, the Company adopted amended guidance from the FASB that applies a new credit loss model (current expected credit losses or “CECL”) for determining credit-related impairments for financial instruments measured at amortized cost and requires an entity to estimate the credit losses expected over the life of an exposure or pool of exposures. The expected credit losses, and subsequent adjustments to such losses, are recorded through an allowance account that is deducted from the amortized cost basis of the financial asset, with the net carrying value of the financial asset presented on the Consolidated Balance Sheet at the amount expected to be collected. The updated guidance also amended the previous other-than-temporary impairment model for available-for-sale fixed income securities by requiring the recognition of impairments relating to credit losses through an allowance account and limiting the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position no longer impacts the determination of whether a credit loss exists.

The Company adopted the updated guidance for the year ended December 31, 2022. The adoption of this guidance resulted in an allowance for expected credit losses of $425 for premiums and agents' balances receivable in the Consolidated Balance Sheet as of December 31, 2022. Based on the results of the receivable analyses and management’s review of our available-for-sale fixed income securities, it was determined that no allowance was required for reinsurance recoverables or available-for-sale fixed income

securities in the Consolidated Balance Sheet as of December 31, 2022. See Item II, Part 8, Note 4 “Investments” section of this Annual Report for applicable disclosures required by this guidance.

Leases

Effective for the year ended December 31, 2022, the Company adopted the updated guidance for leases and elected to utilize a cumulative-effect adjustment to the opening balance of retained earnings for the year of adoption, if necessary. Accordingly, the Company’s reporting for the comparative periods prior to adoption continue to be presented in the consolidated financial statements in accordance with previous lease accounting guidance. The Company also elected to apply all practical expedients applicable to the Company in the updated guidance for transition for leases in effect at adoption, including using hindsight to determine the lease term of existing leases, the option to not reassess whether an existing contract is a lease or contains a lease, and whether the lease is an operating or finance lease. The adoption of the updated guidance resulted in the Company recognizing a right-of-use asset of $1,637 as part of other assets, a lease liability of $1,837 as part of accrued expenses and other liabilities, and an elimination of the $200 deferred rent liability in the Consolidated Balance Sheet as of December 31, 2022. The cumulative effect adjustment to the opening balance of retained earnings was zero. The adoption of the updated guidance did not affect the Company’s results of operations or cash flows. See Item II, Part 8, Note 15 “Leases” section of this Annual Report for applicable disclosures required by this guidance.

Income Taxes – Simplifying the Accounting for Income Taxes

In December 2022, the Company adopted amended guidance from the FASB relating to accounting for income taxes. The modifications primarily remove or amend several exceptions contained in existing guidance to simplify income tax matters. The adoption of this guidance did not materially impact the Company’s financial position, results of operations, or cash flows.

Not Yet Adopted

Improvements to Income Tax Disclosures

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This guidance requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The guidance is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this update are effective for annual periods beginning after December 15, 2024. We are currently evaluating the impact of the new standard on our consolidated financial statements, which is expected to result in enhanced disclosures.

Disaggregation of Income Statement Expenses

In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” This guidance is intended to improve disclosures about a public business entity's expenses and address requests from investors for more detailed information about the types of expenses in commonly presented expense captions. Such information should allow investors to better understand an entity's performance, assess future cash flows, and compare performance over time and with other entities. The amendments will require public business entities to disclose in the notes to the financial statements, at each interim and annual reporting period, specific information about certain costs and expenses, including purchases of inventory, employee compensation, depreciation, and intangible asset amortization included in each expense caption presented on the face of the statement of operations, and the total amount of an entity's selling expenses. The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, and may be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance on the consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

+ Details

Investments - Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities for Continuing and Discontinued Operations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fixed income securities:
Cost or Amortized Cost	$ 331,304	$ 376,730
Allowance for Expected Credit Losses
Gross Unrealized Gains	893	1,320
Gross Unrealized Losses	(24,485)	(30,319)
Fair Value	307,712	347,731
Continuing Operations [Member]
Fixed income securities:
Cost or Amortized Cost	331,304	313,182
Allowance for Expected Credit Losses
Gross Unrealized Gains	893	1,116
Gross Unrealized Losses	(24,485)	(24,899)
Fair Value	307,712	289,399
Discontinued Operations [Member]
Fixed income securities:
Cost or Amortized Cost		63,548
Allowance for Expected Credit Losses
Gross Unrealized Gains		204
Gross Unrealized Losses		(5,420)
Fair Value		$ 58,332

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

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+ Details

Benefit Plans

12 Months Ended

Dec. 31, 2024

Benefit Plans [Abstract]

Benefit Plans

12. Benefit Plans

Nodak Insurance sponsors a 401(k) plan with an automatic and matching contribution for eligible employees at Nodak Insurance, Primero, and Direct Auto. Nodak Insurance also contributes an additional elective amount of employee compensation as a profit-sharing contribution for eligible employees. Westminster also sponsored a separate 401(k) plan until the company was sold on June 30, 2024. American West and Battle Creek have no employees. The Company reported expenses related to these plans totaling $782, $806, and $693 during the years ended December 31, 2024, 2023, and 2022, respectively.

All fees associated with the plans are deducted from the eligible employee accounts.

The Company also offers a non-qualified deferred compensation plan to key executives of the Company (as designated by the Board of Directors). The Company’s policy is to fund the plan by amounts that represent the excess of the maximum contribution allowed by the Employee Retirement Income Security Act over the key executives’ allowable 401(k) contribution. The plan also allows employee-directed deferral of key executives’ compensation or incentive payments. The Company reported expenses related to this plan totaling $360, $368, and $325 during the years ended December 31, 2024, 2023, and 2022, respectively.

In connection with our IPO in March 2017, the Company established its ESOP within the meaning of Internal Revenue Code Section 4975(e)(7) and invests solely in common stock of the Company.

Upon establishment of the ESOP, Nodak Insurance loaned $2,400 to the ESOP’s related trust (the “ESOP Trust”). The ESOP loan was for a period of ten years, bearing interest at the long-term Applicable Federal Rate effective on the closing date of the offering (2.79% annually). The ESOP Trust used the proceeds of the loan to purchase shares in our IPO, which resulted in the ESOP Trust owning approximately 1.0% of the Company’s authorized shares. The ESOP has purchased the shares for investment and not for resale.

The shares purchased by the ESOP Trust in the offering are held in a suspense account as collateral for the ESOP loan. Nodak Insurance makes semi-annual cash contributions to the ESOP in amounts no smaller than the amounts required for the ESOP Trust to make its loan payments to Nodak Insurance. While the ESOP makes two loan payments per year, a pre-determined portion of the shares are released from the suspense account and allocated to participant accounts at the end of the calendar year. This release and allocation occurs on an annual basis over the ten-year term of the ESOP loan. Nodak Insurance has a lien on the shares of common stock of the Company held by the ESOP to secure repayment of the loan from the ESOP to Nodak Insurance. If the ESOP is terminated as a result of a change in control of the Company, the ESOP may be required to pay the costs of terminating the plan.

It is anticipated that the only assets held by the ESOP will be shares of the Company’s common stock. Participants in the ESOP cannot direct the investment of any assets allocated to their accounts. The ESOP participants are employees of Nodak Insurance. The employees of Primero, Direct Auto, and Westminster do not participate in the ESOP.

Each employee of Nodak Insurance automatically becomes a participant in the ESOP if such employee is at least 21 years old, has completed a minimum of one thousand hours of service with Nodak Insurance, and has completed an Eligibility Computation Period. Employees are not permitted to make any contributions to the ESOP. Participants in the ESOP receive annual reports from the Company showing the number of shares of common stock of the Company allocated to the participants’ accounts and the market value of those shares. The shares are allocated to participants based on compensation as provided for in the ESOP.

In connection with the establishment of the ESOP, the Company created a contra-equity account on the Consolidated Balance Sheet equal to the ESOP’s basis in the shares. The basis of those shares was set at $10.00 per share as part of the IPO. As shares are released from the ESOP suspense account, the contra-equity account is credited, which reduces the impact of the contra-equity account on the Company’s Consolidated Balance Sheets over time. The Company records compensation expense related to the shares released, equal to the number of shares released from the suspense account multiplied by the average market value of the Company’s stock during the period.

The Company recognized compensation expense related to the ESOP of $365, $322, and $380 during the years ended December 31, 2024, 2023, and 2022, respectively.

Through December 31, 2024, the Company had released and allocated 194,520 ESOP shares to participants, with a remainder of 45,480 ESOP shares in suspense at December 31, 2024. Using the Company’s year-end market price of $15.70 per share, the fair value of the unearned ESOP shares was $714 at December 31, 2024.

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income (loss)	$ (6,060)	$ (5,226)	$ (53,775)
Other comprehensive income (loss), before income taxes:
Holding gains (losses) on investments	(482)	10,072	(46,513)
Reclassification adjustment for net realized losses (gains) included in net income (loss)	233	582	151
Other comprehensive income (loss), before income taxes	(249)	10,654	(46,362)
Income tax benefit (expense) related to items of other comprehensive income (loss)	96	(2,474)	10,539
Other comprehensive income (loss), net of income taxes	(153)	8,180	(35,823)
Comprehensive income (loss)	(6,213)	2,954	(89,598)
Attributable to NI Holdings, Inc.
Net income (loss)	(6,060)	(5,476)	(53,096)
Other comprehensive income (loss), before income taxes:
Holding gains (losses) on investments	(482)	9,709	(44,810)
Reclassification adjustment for net realized losses (gains) included in net income (loss)	233	582	131
Other comprehensive income (loss), before income taxes	(249)	10,291	(44,679)
Income tax benefit (expense) related to items of other comprehensive income (loss)	96	(2,389)	10,156
Other comprehensive income (loss), net of income taxes	(153)	7,902	(34,523)
Comprehensive income (loss)	(6,213)	2,426	(87,619)
Attributable to Non-Controlling Interest
Net income (loss)		250	(679)
Other comprehensive income (loss), before income taxes:
Holding gains (losses) on investments		363	(1,703)
Reclassification adjustment for net realized losses (gains) included in net income (loss)			20
Other comprehensive income (loss), before income taxes		363	(1,683)
Income tax benefit (expense) related to items of other comprehensive income (loss)		(85)	383
Other comprehensive income (loss), net of income taxes		278	(1,300)
Comprehensive income (loss)		$ 528	$ (1,979)

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property and Equipment [Line Items]
Depreciation expense	$ 681	$ 692	$ 604
Continuing Operations [Member]
Property and Equipment [Line Items]
Depreciation expense	681	692	604
Property Plant and Equipment [Member]
Property and Equipment [Line Items]
Depreciation expense	$ 770	$ 826	$ 708

Contingencies

12 Months Ended

Dec. 31, 2024

Contingencies [Abstract]

Contingencies

16. Contingencies

We are, from time to time, party to routine litigation incidental to the normal course of our business. Based upon information presently available to us, we do not consider any litigation to be material. However, given the uncertainties attendant to litigation, we cannot assure you that our results of operations and financial condition will not be materially adversely affected by any litigation. Contingent liabilities arising from litigation, income taxes, and other matters are not considered to be material to our financial position.

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Net premiums earned	$ 310,110	$ 292,117	$ 271,740
Fee and other income	1,938	1,940	1,381
Net investment income	10,943	8,034	6,636
Net investment gains (losses)	2,213	1,929	(11,975)
Total revenues	325,204	304,020	267,782
Expenses:
Losses and loss adjustment expenses	207,465	186,516	241,750
Amortization of deferred policy acquisition costs	71,257	67,631	53,605
Other underwriting and general expenses	33,709	29,326	25,303
Goodwill impairment charge	2,628
Total expenses	315,059	283,473	320,658
Income (loss) from continuing operations before income taxes	10,145	20,547	(52,876)
Income tax expense (benefit)	3,545	716	(14,191)
Net income (loss) from continuing operations	6,600	19,831	(38,685)
Net income (loss) attributable to non-controlling interest		250	(679)
Net income (loss) from continuing operations attributable to NI Holdings, Inc.	6,600	19,581	(38,006)
Loss from discontinued operations, net of income taxes	(1,512)	(25,057)	(15,090)
Loss on sale of discontinued operations, net of income taxes	(11,148)
Net loss	$ (6,060)	$ (5,476)	$ (53,096)
Earnings (loss) per common share from continuing operations:
Basic (in Dollars per share)	$ 0.31	$ 0.93	$ (1.78)
Diluted (in Dollars per share)	0.31	0.92	(1.78)
Earnings (loss) per common share:
Basic (in Dollars per share)	(0.29)	(0.26)	(2.49)
Diluted (in Dollars per share)	$ (0.29)	$ (0.26)	$ (2.49)
Share data:
Weighted average common share outstanding used in basic per common share calculations (in Shares)	20,968,545	21,159,073	21,333,389
Dilutive securities (in Shares)	120,626	76,532
Weighted average common shares used in diluted per common share calculations (in Shares)	21,089,171	21,235,605	21,333,389

Unpaid Losses and Loss Adjustment Expenses

12 Months Ended

Dec. 31, 2024

Unpaid Losses and Loss Adjustment Expenses [Abstract]

Unpaid Losses and Loss Adjustment Expenses

8. Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows for both continuing and discontinued operations:

	Year Ended December 31,
	2024		2023		2022
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$	217,119	$	190,459	$	139,662
Reinsurance recoverables on losses		48,969		37,575		21,200
Net balance, beginning of year		168,150		152,884		118,462

Incurred related to:
Current year		218,063		223,960		293,283
Prior years		12,908		20,452		1,149
Total incurred		230,971		244,412		294,432

Paid related to:
Current year		131,570		138,600		197,250
Prior years		80,636		90,548		62,760
Total paid		212,206		229,148		260,010

Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses		107,508		—		—
Reinsurance recoverables on losses		45,320		—		—
Net balance, date of sale		62,188		—		—

Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		137,288		217,119		190,459
Reinsurance recoverables on losses		12,561		48,969		37,575
Net balance, end of year	$	124,727	$	168,150	$	152,884

During the year ended December 31, 2024, the Company’s incurred reported losses and loss adjustment expense included $12,908 of net unfavorable development on prior accident years. This was primarily attributable to unfavorable development for the Direct Auto non-standard auto business, partially offset by favorable development in Battle Creek, American West, Primero, and Nodak Insurance. During the year ended December 31, 2023, the Company’s incurred reported losses and loss adjustment expenses included $20,452 of net unfavorable development on prior accident years, primarily attributable to unfavorable development for the Westminster commercial and Direct Auto non-standard auto businesses partially offset by favorable development for Battle Creek, American West, and Nodak Insurance. During the year ended December 31, 2022, the Company’s incurred reported losses and loss adjustment expenses included $1,149 of net unfavorable development on prior accident years, primarily attributable to unfavorable development for the Westminster commercial business partially offset by favorable development for Battle Creek and Nodak Insurance. During 2024, Westminster was sold and all associated liabilities were included in the sale.

Changes in unpaid losses and loss adjustment expense reserves are generally the result of ongoing analysis of recent loss development trends. As additional information becomes known regarding individual claims, original estimates are increased or decreased accordingly.

The tables for current and prior year continuing and discontinued operations showing the liability for unpaid losses and loss adjustment expense are shown below:

	Year Ended December 31,
	2024		2023		2022
Continuing operations:
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$	119,185	$	114,296	$	108,000
Reinsurance recoverables on losses		6,460		8,586		12,478
Net balance, beginning of year		112,725		105,710		95,522

Incurred related to:
Current year		193,948		184,210		247,635
Prior years		13,517		2,306		(5,885	)
Total incurred		207,465		186,516		241,750

Paid related to:
Current year		126,006		121,466		181,434
Prior years		69,457		58,036		50,128
Total paid		195,463		179,502		231,562

Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		137,288		119,185		114,296
Reinsurance recoverables on losses		12,561		6,460		8,586
Net balance, end of year	$	124,727	$	112,725	$	105,710

	Year Ended December 31,
	2024			2023		2022
Discontinued operations:
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$	97,934		$	76,163	$	31,662
Reinsurance recoverables on losses		42,509			28,989		8,722
Net balance, beginning of year		55,425			47,174		22,940

Incurred related to:
Current year		24,115			39,750		45,648
Prior years		(609	)		18,146		7,034
Total incurred		23,506			57,896		52,682

Paid related to:
Current year		5,564			17,132		15,816
Prior years		11,179			32,512		12,632
Total paid		16,743			49,644		28,448

Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses		107,508			—		—
Reinsurance recoverables on losses		45,320			—		—
Net balance, date of sale		62,188			—		—

Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		—			97,934		76,163
Reinsurance recoverables on losses		—			42,509		28,989
Net balance, end of year	$	—		$	55,425	$	47,174

The tables on the following pages present information, organized by our primary operating segments, about incurred and paid claims development as of December 31, 2024, net of reinsurance, as well as cumulative claim frequency and the total of IBNR reserves plus expected development on reported claims. The cumulative number of reported claims represents open claims, claims closed with payment, and claims closed without payment. It does not include an estimated amount for unreported claims. The number of claims is measured by claim event (such as a car accident or storm damage) and an individual claim event may result in more than one reported claim (such as a car accident with both property and liability damages). The Company considers a claim that does not result in a liability as a claim closed without payment. The segment information presented in the tables is prior to the effects of the intercompany reinsurance pooling arrangement.

The tables include unaudited information about incurred and paid claims development for the year ended December 31, 2015 for the Private Passenger Auto, Home and Farm, and Crop segments and from the year ended December 31, 2015 through 2017 for the Non-Standard Auto information, which we present as supplementary information.

Private Passenger Auto	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims			Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	32,438	$	31,532	$	30,461	$	30,503	$	30,679	$	30,455	$	30,379	$	30,370	$	30,351	$	30,362	$	(1	)		11,688
2016		—		40,227		39,260		39,057		39,314		38,535		38,416		38,601		38,566		38,536		(3	)		14,325
2017		—		—		40,779		40,199		40,120		40,427		40,488		40,520		40,471		40,449		—			13,753
2018		—		—		—		44,925		43,428		43,641		43,575		43,807		43,733		43,896		310			14,675
2019		—		—		—		—		53,769		53,328		53,364		52,802		52,749		52,535		56			16,540
2020		—		—		—		—		—		46,247		48,519		47,403		47,174		46,713		107			13,541
2021		—		—		—		—		—		—		57,316		57,176		57,431		57,215		205			15,321
2022		—		—		—		—		—		—		—		66,711		65,132		64,180		552			16,146
2023		—		—		—		—		—		—		—		—		62,357		61,917		768			13,888
2024		—		—		—		—		—		—		—		—		—		54,082		1,935			10,593
Total																			$	489,885

(1) Prior years unaudited

Private Passenger Auto	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024
2015	$	23,401	$	27,171	$	28,933	$	29,598	$	29,795	$	30,120	$	30,355	$	30,355	$	30,355	$	30,363
2016		—		29,009		35,845		37,307		38,108		37,833		38,173		38,303		38,539		38,539
2017		—		—		31,033		37,050		38,331		39,738		40,111		40,294		40,315		40,398
2018		—		—		—		34,358		40,213		41,479		42,820		43,074		43,225		43,337
2019		—		—		—		—		42,414		48,414		50,370		51,556		52,060		52,437
2020		—		—		—		—		—		35,495		42,585		45,670		46,211		46,204
2021		—		—		—		—		—		—		42,326		52,256		54,243		56,030
2022		—		—		—		—		—		—		—		49,911		59,556		61,679
2023		—		—		—		—		—		—		—		—		45,452		55,548
2024		—		—		—		—		—		—		—		—		—		39,617
Total																			$	464,152
All outstanding liabilities prior to 2015, net of reinsurance																				12
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																				25,745

(1) Prior years unaudited

Non- Standard Auto	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016⁽¹⁾		2017⁽¹⁾		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	27,644	$	24,304	$	22,698	$	20,229	$	20,345	$	20,567	$	20,199	$	20,039	$	20,341	$	20,357	$	7	10,852
2016		—		30,514		24,708		23,606		23,989		22,884		22,267		21,947		22,095		22,168		9	12,878
2017		—		—		32,098		27,275		24,414		23,189		22,221		21,903		22,224		22,327		9	13,190
2018		—		—		—		36,236		34,466		33,743		32,307		32,038		32,741		33,020		78	16,718
2019		—		—		—		—		37,196		36,864		35,810		36,100		36,659		36,646		92	12,424
2020		—		—		—		—		—		33,054		31,743		32,507		34,657		34,475		360	14,356
2021		—		—		—		—		—		—		40,652		40,612		45,337		46,412		1,752	15,895
2022		—		—		—		—		—		—		—		39,514		43,372		51,912		2,676	14,061
2023		—		—		—		—		—		—		—		—		50,415		57,445		6,821	14,784
2024		—		—		—		—		—		—		—		—		—		59,465		21,260	10,850
Total																			$	384,227

⁽¹⁾Prior years unaudited

Non-Standard Auto	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016⁽¹⁾		2017⁽¹⁾		2018		2019		2020		2021		2022		2023		2024
2015	$8,302		$13,887		$16,536		$17,884		$19,180		$19,679		$19,799		$19,988		$20,292		$20,300
2016		—		8,935		15,154		18,349		20,515		21,032		21,495		21,794		21,984		22,044
2017		—		—		8,733		14,641		18,238		19,826		20,604		21,528		22,063		22,173
2018		—		—		—		11,526		22,821		26,820		28,489		30,489		32,202		32,663
2019		—		—		—		—		16,503		26,221		29,953		32,370		34,915		35,916
2020		—		—		—		—		—		14,077		23,046		27,160		30,419		32,688
2021		—		—		—		—		—		—		18,611		30,155		36,890		41,590
2022		—		—		—		—		—		—		—		14,966		29,533		42,122
2023		—		—		—		—		—		—		—		—		18,300		38,279
2024		—		—		—		—		—		—		—		—		—		18,873
Total																			$	306,648
All outstanding liabilities prior to 2015, net of reinsurance																				1
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																			$	77,580

⁽¹⁾Prior years unaudited

Home and Farm	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	32,740	$	31,804	$	31,300	$	31,577	$	31,446	$	31,612	$	31,600	$	31,601	$	31,599	$	31,944	$	—		3,924
2016		—		45,713		44,513		44,945		44,597		44,728		44,745		44,809		44,788		44,787		—		6,354
2017		—		—		42,112		41,593		41,882		41,779		41,804		41,640		41,590		41,646		5		4,955
2018		—		—		—		42,486		43,840		43,747		43,682		43,712		43,731		43,681		—		4,596
2019		—		—		—		—		45,334		45,828		45,471		45,352		45,106		45,050		4		5,523
2020		—		—		—		—		—		36,264		35,668		34,656		34,761		34,813		28		4,118
2021		—		—		—		—		—		—		53,079		50,322		50,759		50,592		179		5,381
2022		—		—		—		—		—		—		—		112,049		105,409		105,328		883		8,401
2023		—		—		—		—		—		—		—		—		57,205		56,985		1,010		4,302
2024		—		—		—		—		—		—		—		—		—		65,092		1,572		3,967
Total																			$	519,918

⁽¹⁾Prior years unaudited

Home and Farm	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024
2015	$	27,204	$	30,165	$	30,350	$	30,573	$	31,383	$	31,597	$	31,597	$	31,599	$	31,599	$	31,944
2016		—		37,655		44,942		44,270		44,529		44,583		44,650		44,690		44,736		44,787
2017		—		—		34,657		38,928		40,441		40,941		41,414		41,504		41,506		41,516
2018		—		—		—		37,880		42,814		43,178		43,549		43,634		43,688		43,681
2019		—		—		—		—		38,718		43,253		44,119		44,847		45,053		45,046
2020		—		—		—		—		—		29,273		33,988		34,243		34,688		34,784
2021		—		—		—		—		—		—		41,096		48,890		50,117		50,403
2022		—		—		—		—		—		—		—		92,482		101,957		104,321
2023		—		—		—		—		—		—		—		—		46,607		54,304
2024		—		—		—		—		—		—		—		—		—		54,904
Total																			$	505,690
All outstanding liabilities prior to 2015, net of reinsurance																				—
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																			$	14,228

⁽¹⁾Prior years unaudited

Crop	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	13,813	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	—		2,427
2016		—		20,209		19,582		19,487		19,487		19,487		19,487		19,487		19,487		19,487		—		2,806
2017		—		—		33,734		34,181		34,181		34,181		34,181		34,181		34,181		34,181		—		2,968
2018		—		—		—		12,506		11,730		11,730		11,730		11,730		11,730		11,730		—		2,147
2019		—		—		—		—		33,913		37,629		37,629		37,629		37,630		37,629		—		3,101
2020		—		—		—		—		—		28,688		28,759		28,759		28,760		28,759		—		2,442
2021		—		—		—		—		—		—		28,574		28,144		28,146		28,143		—		2,726
2022		—		—		—		—		—		—		—		21,834		20,745		20,740		4		2,021
2023		—		—		—		—		—		—		—		—		12,728		11,399		12		1,640
2024		—		—		—		—		—		—		—		—		—		12,463		16		1,289
Total																			$	218,380

⁽¹⁾Prior years unaudited

Crop	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024
2015	$	12,866	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849
2016		—		16,444		19,487		19,487		19,487		19,487		19,487		19,487		19,487		19,487
2017		—		—		32,768		34,181		34,181		34,181		34,181		34,181		34,181		34,181
2018		—		—		—		10,737		11,730		11,730		11,730		11,730		11,730		11,730
2019		—		—		—		—		26,208		37,629		37,629		37,629		37,629		37,629
2020		—		—		—		—		—		27,952		28,759		28,759		28,759		28,759
2021		—		—		—		—		—		—		29,424		28,143		28,143		28,143
2022		—		—		—		—		—		—		—		20,279		20,735		20,735
2023		—		—		—		—		—		—		—		—		10,202		11,387
2024		—		—		—		—		—		—		—		—		—		11,169
Total																			$	217,069
All outstanding liabilities prior to 2015, net of reinsurance																				—
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																			$	1,311

⁽¹⁾Prior years unaudited

The following table presents a reconciliation of the net incurred and paid claims development tables to the liability for unpaid losses and loss adjustment expenses in our Consolidated Balance Sheet:

	December 31, 2024
Liabilities for unpaid losses and loss adjustment expenses:
Private passenger auto	$	28,103
Non-Standard auto		77,580
Home and farm		16,162
Crop		1,789
All other		13,654
Total liabilities for unpaid losses and loss adjustment expenses		137,288

Reinsurance recoverables on losses:
Private passenger auto		2,358
Non-Standard auto		—
Home and farm		1,934
Crop		478
All other		7,791
Total reinsurance recoverables on losses		12,561

Net liability for unpaid losses and loss adjustment expenses	$	124,727

The following table presents required supplementary information about average historical claims duration as of December 31, 2024:

	Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5		6		7		8		9		10
Private Passenger Auto		50.5%		20.5%		11.1%		6.5%		4.5%		3.4%		3.1%		0.3%		0.1%		—
Non-Standard Auto		45.1%		23.1%		13.9%		8.2%		4.5%		2.1%		1.4%		1.0%		0.6%		0.1%
Home and Farm		67.2%		15.0%		8.9%		4.3%		1.3%		0.7%		0.7%		0.7%		1.2%		—
Crop		100.0%		—		—		—		—		—		—		—		—		—

Summary of Significant Accounting Policies and Basis of Presentation - Schedule of Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
As Reported [Member]
Schedule of Consolidated Statements of Comprehensive Income (Loss) [Line Items]
Net loss	$ (16,236)	$ (9,817)
Comprehensive loss	(16,950)	(11,931)
Adjustment [Member]
Schedule of Consolidated Statements of Comprehensive Income (Loss) [Line Items]
Net loss	(3,386)	(3,386)
Comprehensive loss	(3,386)	(3,386)
As Restated [Member]
Schedule of Consolidated Statements of Comprehensive Income (Loss) [Line Items]
Net loss	(19,622)	(13,203)
Comprehensive loss	$ (20,336)	$ (15,317)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Investments - Schedule of Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Due to mature:
Amortized Cost, Due to mature One year or less	$ 5,750	$ 9,612
Fair Value, Due to mature One year or less	5,696	9,436
Amortized Cost, Due to mature After one year through five years	57,986	75,794
Fair Value, Due to mature After one year through five years	55,882	72,602
Amortized Cost, Due to mature After five years through ten years	79,544	86,185
Fair Value, Due to mature After five years through ten years	74,070	79,281
Amortized Cost, Due to mature After ten years	41,465	47,806
Fair Value, Due to mature After ten years	36,723	42,620
Amortized Cost, Due to mature Mortgage / asset-backed securities	142,822	152,586
Fair Value, Due to mature Mortgage / asset-backed securities	132,092	139,631
Amortized Cost, Due to mature Redeemable preferred stocks	3,737	4,747
Fair Value, Due to mature Redeemable preferred stocks	3,249	4,161
Amortized Cost, Due to mature, Total fixed income securities	331,304	376,730
Fair Value, Due to mature, Total fixed income securities	$ 307,712	$ 347,731

Royalties, Dividends, and Affiliations (Tables)

12 Months Ended

Dec. 31, 2024

Royalties, Dividends, and Affiliations [Abstract]

Schedule of Impact of Including Battle Creek in our Consolidated Balance Sheets

The following table discloses the standalone balance sheet of Battle Creek, prior to intercompany eliminations, to illustrate the impact of including Battle Creek in our December 31, 2023, Consolidated Balance Sheet prior to demutualization:

	December 31, 2023
Assets:
Cash and cash equivalents	$	2,621
Investments		15,394
Premiums and agents’ balances receivable		5,953
Deferred policy acquisition costs		682
Reinsurance recoverables on losses ⁽²⁾		6,918
Accrued investment income		85
Income tax recoverable		225
Deferred income taxes		706
Property and equipment		306
Other assets		97
Total assets	$	32,987

Liabilities:
Unpaid losses and loss adjustment expenses	$	4,276
Unearned premiums		3,269
Notes payable ⁽¹⁾		3,000
Pooling payable ⁽¹⁾		5,932
Reinsurance losses payable ⁽²⁾		13,275
Accrued expenses and other liabilities		477
Total liabilities		30,229

Equity:
Non-controlling interest		2,758
Total equity		2,758

Total liabilities and equity	$	32,987

⁽¹⁾ Amount fully eliminated in consolidation.

⁽²⁾ Amount partly eliminated in consolidation.

Leases - Schedule of Contractual Maturities of Operating Leases (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Schedule of Contractual Maturities of Operating Leases [Abstract]
Operating Leases - 2025	$ 393
Finance Leases - 2025	120
Lease liability - 2025	513
Operating Leases - 2026	396
Finance Leases - 2026	100
Lease liability - 2026	496
Operating Leases - 2027	401
Finance Leases - 2027
Lease liability - 2027	401
Operating Leases - 2028	376
Finance Leases - 2028
Lease liability - 2028	376
Operating Leases - 2029	212
Finance Leases - 2029
Lease liability - 2029	212
Operating Leases - Thereafter
Finance Leases - Thereafter
Lease liability - Thereafter
Operating Leases - Total undiscounted lease payments	1,778
Finance Leases - Total undiscounted lease payments	220
Lease liability - Total undiscounted lease payments	1,998
Operating Leases - Less: present value adjustment	160
Finance Leases - Less: present value adjustment	15
Lease liability - Less: present value adjustment	175
Operating Leases - Lease liability at December 31, 2024	1,618
Finance Leases - Lease liability at December 31, 2024	205
Lease liability at December 31, 2024	$ 1,823

Income Taxes - Schedule of Deferred Income Tax Assets and Deferred Income Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred income tax assets:
Unearned premium	$ 5,749	$ 7,371
Unpaid losses and loss adjustment expenses	1,286	1,681
Net unrealized losses on investments	4,762	6,421
Loss carryovers	2,506	851
Deferred compensation	603	579
Other	1,040	1,269
Total deferred income tax assets	15,946	18,172
Deferred income tax liabilities:
Deferred policy acquisition costs	5,976	7,693
Intangibles		1,243
Other	140	318
Total deferred income tax liabilities	6,116	9,254
Net deferred income tax asset	9,830	8,918
Valuation allowance	(2,506)	(505)	$ (694)
Deferred income tax asset, net	$ 7,324	$ 8,413

Investments - Schedule of Continuing and Discontinued Operations by Duration of the Company’s Gross Unrealized Losses on Fixed Income Securities (Details) - Fixed Income Securities [Member] - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fixed income securities:
Less than 12 Months Fair Value	$ 72,860	$ 32,452
Less than 12 Months Unrealized Losses	(1,356)	(579)
Greater than 12 months Fair Value	176,398	246,744
Greater than 12 months Unrealized Losses	(23,129)	(29,740)
Total Fair Value	249,258	279,196
Total Unrealized Losses	(24,485)	(30,319)
Continuing Operations [Member]
Fixed income securities:
Less than 12 Months Fair Value	72,860	24,049
Less than 12 Months Unrealized Losses	(1,356)	(509)
Greater than 12 months Fair Value	176,398	211,367
Greater than 12 months Unrealized Losses	(23,129)	(24,390)
Total Fair Value	249,258	235,416
Total Unrealized Losses	(24,485)	(24,899)
Discontinued Operations [Member]
Fixed income securities:
Less than 12 Months Fair Value		8,403
Less than 12 Months Unrealized Losses		(70)
Greater than 12 months Fair Value		35,377
Greater than 12 months Unrealized Losses		(5,350)
Total Fair Value		43,780
Total Unrealized Losses		$ (5,420)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Schedule of Components of Our Provision for Income Tax Expense (Benefit)

The components of our provision for income tax expense (benefit) were as follows:

	Year Ended December 31,
	2024			2023			2022
Current income tax expense (benefit)
Federal	$	(4,682	)	$	2,567		$	(11,280	)
State		215			278			(2	)
Total current		(4,467	)		2,845			(11,282	)
Deferred income tax expense (benefit)		1,275			(1,882	)		(3,972	)
Total income tax expense (benefit)	$	(3,192	)	$	963		$	(15,254	)

Schedule of Provision for Income Tax Expense (Benefit)

The provision for income tax expense (benefit) differs from the amount that would be computed by applying the statutory federal rate to income (loss) before income taxes as a result of the following, including both continuing and discontinued operations:

	Year Ended December 31,
	2024			2023			2022
Loss before income taxes	$	(9,056	)	$	(4,263	)	$	(69,029	)

Expected provision for federal income taxes at 21%	$	(1,902	)	$	(895	)	$	(14,496	)

State income taxes, net of federal impact		277			90			(2	)
Tax-exempt interest		(130	)		(204	)		(187	)
Dividends received deduction		(104	)		(118	)		(147	)
Section 832(b)(5)(B) proration amount		26			77			78
Compensation-related expenses		892			27			213
Westminster sale/goodwill impairment		(2,661	)		1,419			—
Demutualization of Battle Creek		793			—			—
Research and development credit		—			(59	)		(70	)
Change in valuation allowance		2,035			(189	)		(314	)
State carryovers		(2,412	)		—			—
Other		(6	)		815			(329	)
Total income tax expense (benefit)	$	(3,192	)	$	963		$	(15,254	)

Reconciliation of consolidated federal income tax expense (benefit) from:
Continuing operations	$	3,545		$	716		$	(14,191	)
Discontinued operations		(405	)		247			(1,063	)
Loss on sale of discontinued operations		(6,332	)		—			—
Consolidated federal income tax expense (benefit)	$	(3,192	)	$	963		$	(15,254	)

Schedule of Deferred Income Tax Assets and Deferred Income Tax Liabilities

The income tax effects of temporary differences that give rise to significant portions of our deferred income tax assets and deferred income tax liabilities at December 31, 2024 and 2023, including both continuing and discontinued operations, were as follows:

	December 31,
	2024			2023
Deferred income tax assets:
Unearned premium	$	5,749		$	7,371
Unpaid losses and loss adjustment expenses		1,286			1,681
Net unrealized losses on investments		4,762			6,421
Loss carryovers		2,506			851
Deferred compensation		603			579
Other		1,040			1,269
Total deferred income tax assets		15,946			18,172

Deferred income tax liabilities:
Deferred policy acquisition costs		5,976			7,693
Intangibles		—			1,243
Other		140			318
Total deferred income tax liabilities		6,116			9,254

Net deferred income tax asset		9,830			8,918

Valuation allowance		(2,506	)		(505	)
Deferred income tax asset, net	$	7,324		$	8,413

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2024	Feb. 28, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	NI HOLDINGS, INC.
Entity Central Index Key	0001681206
Entity File Number	001-37973
Entity Tax Identification Number	81-2683619
Entity Incorporation, State or Country Code	ND
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 119
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	1101 First Avenue North
Entity Address, City or Town	Fargo
Entity Address, State or Province	ND
Entity Address, Postal Zip Code	58102
Entity Phone Fax Numbers [Line Items]
City Area Code	(701)
Local Phone Number	298-4200
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	NODK
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		20,681,546

Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

15. Leases

Primero leases a facility in Spearfish, South Dakota under a non-cancellable operating lease expiring in 2028. Direct Auto leases a facility in Chicago, Illinois under a non-cancellable operating lease expiring in 2029. Nodak Insurance leases a facility in Fargo, North Dakota under a non-cancellable operating lease expiring in 2029. In addition, Nodak Insurance leases server equipment under a non-cancellable finance lease expiring in 2026.

Effective for the year ended December 31, 2022, the Company adopted the updated guidance for leases. See Part II, Item 8, Note 2 “Recent Accounting Pronouncements” for additional information. We determine whether a contract is or contains a lease at the inception of the contract. A contract will be deemed to be or contain a lease if the contract conveys the right to control and directs the use of identified property or equipment for a period of time in exchange for consideration. We generally must also have the right to obtain substantially all of the economic benefits from the use of the property and equipment. Lease assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. To determine the present value of lease payments not yet paid, we estimate incremental borrowing rates based on the floating interest rate on our Line of Credit with Wells Fargo Bank, N.A. at the lease commencement date, as rates are not implicitly stated in most leases. Lease liabilities are included in accrued expenses and other liabilities and right-of-use assets are included in other assets in our Consolidated Balance Sheets.

There were expenses of $484, $407, and $391 related to these leases during the years ended December 31, 2024, 2023, and 2022, respectively.

Additional information regarding the Company’s leases are as follows:

	As of and For the Year Ended December 31,
	2024		2023		2022
Operating lease cost	$	383	$	389	$	391
Finance lease cost:
Amortization of right-of-use assets		80		14		—
Interest on lease liabilities		21		4		—
Finance lease cost		101		18		—
Total lease cost	$	484	$	407	$	391

Other information on leases:
Cash payments included in operating cash flows from operating leases	$	406	$	408	$	340
Cash payments included in operating cash flows from finance leases		21		4		—
Cash payments included in financing cash flows from finance leases		99		16		—
Right-of-use assets obtained in exchange for new operating lease liabilities		185		247		—
Right-of-use assets obtained in exchange for new finance lease liabilities		—		319		—
Weighted average discount rate – operating leases		4.48%		3.94%		3.25%
Weighted average discount rate – finance leases		8.50%		8.50%		—
Weighted average remaining lease term in years – operating leases		4.5 years		5.3 years		6.3 years
Weighted average remaining lease term in years – finance leases		1.8 years		2.8 years		—

Year ending December 31,	Operating Leases		Finance Leases		Total
2025	$	393	$	120	$	513
2026		396		100		496
2027		401		—		401
2028		376		—		376
2029		212		—		212
Thereafter		—		—		—
Total undiscounted lease payments		1,778		220		1,998
Less: present value adjustment		160		15		175
Lease liability at December 31, 2024	$	1,618	$	205	$	1,823

Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2024

Deferred Policy Acquisition Costs [Abstract]

Schedule of Deferred Policy Acquisition Costs and Asset Reconciliation

The table below, presented on a consolidated basis, including both continuing and discontinued operations, shows the deferred policy acquisition costs and asset reconciliation:

	Year Ended December 31,
	2024			2023			2022
Balance, beginning of year	$	34,120		$	29,768		$	24,947
Deferral of policy acquisition costs		79,363			87,343			71,624
Amortization of deferred policy acquisition costs		(79,185	)		(82,991	)		(66,803	)
Westminster balance disposed in sale		(7,998	)		—			—
Balance, end of year	$	26,300		$	34,120		$	29,768

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

	Year Ended December 31,
	2024			2023			2022
Continuing operations:
Balance, beginning of year	$	26,790		$	22,675		$	19,047
Deferral of policy acquisition costs		70,767			71,746			57,233
Amortization of deferred policy acquisition costs		(71,257	)		(67,631	)		(53,605	)
Balance, end of year	$	26,300		$	26,790		$	22,675

	Year Ended December 31,
	2024			2023			2022
Discontinued operations:
Balance, beginning of period	$	7,330			7,093			5,900
Deferral of policy acquisition costs		8,596			15,597			14,391
Amortization of deferred policy acquisition costs		(7,928	)		(15,360	)		(13,198	)
Westminster balance disposed in sale		(7,998	)		—			—
Balance, end of year	$	—		$	7,330		$	7,093

Summary of Significant Accounting Policies and Basis of Presentation - Schedule of Consolidated Statements of Changes in Shareholders’ Equity (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
As Reported [Member]
Schedule of Consolidated Statements of Changes in Shareholders’ Equity [Line Items]
Net loss	$ (16,236)	$ (9,817)
Retained earnings	197,827	197,827
Total shareholders’ equity	239,450	239,450
Adjustment [Member]
Schedule of Consolidated Statements of Changes in Shareholders’ Equity [Line Items]
Net loss	(3,386)	(3,386)
Retained earnings	(3,386)	(3,386)
Total shareholders’ equity	(3,386)	(3,386)
As Restated [Member]
Schedule of Consolidated Statements of Changes in Shareholders’ Equity [Line Items]
Net loss	(19,622)	(13,203)
Retained earnings	194,441	194,441
Total shareholders’ equity	$ 236,064	$ 236,064

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Amount of accumulated undistributed earnings (deficit).

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations [Abstract]

Schedule of Assets and Liabilities Associated with Discontinued Operations

The Company’s Consolidated Statements of Cash Flows presents operating, investing, and financing cash flows of the discontinued operations separately. The major assets and liability categories were as follows as of the dates indicated:

	December 31, 2024		December 31, 2023
Assets:
Cash and cash equivalents	$	—	$	15,656
Fixed income securities, at fair value		—		58,332
Equity securities, at fair value		—		5,784
Total cash and investments		—		79,772

Premiums and agents’ balances receivable		—		17,904
Deferred policy acquisition costs		—		7,330
Reinsurance premiums receivable		—		5,464
Reinsurance recoverables on losses		—		42,509
Accrued investment income		—		438
Property and equipment, net		—		2,445
Deferred income taxes		—		(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

Schedule of Operating Results of Discontinued Operations

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		(405	)		247			(1,063	)
Net loss	$	(1,512	)	$	(25,057	)	$	(15,090	)

Loss per common share from discontinued operations:
Basic	$	(0.07	)	$	(1.18	)	$	(0.71	)
Diluted	$	(0.07	)	$	(1.18	)	$	(0.71	)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Discontinued Operations

12 Months Ended

Dec. 31, 2024

Discontinued Operations [Abstract]

Discontinued Operations

20. Discontinued Operations

On May 7, 2024, we entered into a definitive agreement to sell our subsidiary, Westminster, to Scott Insurance Holdings, for a cash purchase price of $10,500, as well as a $1,772 post-closing adjustment pursuant to the purchase agreement, for a net amount of $12,272. The sale closed on June 30, 2024, and we reported an after-tax loss on the sale of discontinued operations of $11,148. For additional information see Part II, Item 8, Note 3 “Summary of Significant Accounting Policies and Basis of Presentation.”

The assets and liabilities associated with discontinued operations prior to the closing of the sale have been presented separately in our Consolidated Balance Sheets. The Company’s Consolidated Statements of Cash Flows presents operating, investing, and financing cash flows of the discontinued operations separately. The major assets and liability categories were as follows as of the dates indicated:

	December 31, 2024		December 31, 2023
Assets:
Cash and cash equivalents	$	—	$	15,656
Fixed income securities, at fair value		—		58,332
Equity securities, at fair value		—		5,784
Total cash and investments		—		79,772

Premiums and agents’ balances receivable		—		17,904
Deferred policy acquisition costs		—		7,330
Reinsurance premiums receivable		—		5,464
Reinsurance recoverables on losses		—		42,509
Accrued investment income		—		438
Property and equipment, net		—		2,445
Deferred income taxes		—		(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		(405	)		247			(1,063	)
Net loss	$	(1,512	)	$	(25,057	)	$	(15,090	)

Loss per common share from discontinued operations:
Basic	$	(0.07	)	$	(1.18	)	$	(0.71	)
Diluted	$	(0.07	)	$	(1.18	)	$	(0.71	)

Share-Based Compensation - Schedule of Restricted Stock Outstanding (Details) - RSUs [Member] - $ / shares

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

RSUs, Units outstanding and unearned at beginning

146,580

115,360

108,380

Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at beginning

$ 15.37

$ 17

$ 16.86

RSUs granted

119,398

85,000

59,600

Weighted-Average Grant-Date Fair Value Per Share, RSUs granted

$ 14.67

$ 13.76

$ 17.61

RSUs earned

(69,420)

(53,780)

(52,620)

Weighted-Average Grant-Date Fair Value Per Share, RSUs earned

$ 14.82

$ 16.32

$ 17.39

RSUs , Forfeitures

^[1]

(92,160)

Weighted-Average Grant-Date Fair Value Per Share , Forfeitures

^[1]

$ 15.18

RSUs, Units outstanding and unearned at ending

104,398

146,580

115,360

Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at ending

$ 15.11

$ 15.37

$ 17

[1]	Represents RSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

Income Taxes - Schedule of Provision for Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Provision for Income Tax Expense (Benefit) [Abstract]
Loss before income taxes	$ (9,056)	$ (4,263)	$ (69,029)
Expected provision for federal income taxes at 21%	(1,902)	(895)	(14,496)
State income taxes, net of federal impact	277	90	(2)
Tax-exempt interest	(130)	(204)	(187)
Dividends received deduction	(104)	(118)	(147)
Section 832(b)(5)(B) proration amount	26	77	78
Compensation-related expenses	892	27	213
Westminster sale/goodwill impairment	(2,661)	1,419
Demutualization of Battle Creek	793
Research and development credit		(59)	(70)
Change in valuation allowance	2,035	(189)	(314)
State carryovers	(2,412)
Other	(6)	815	(329)
Total income tax expense (benefit)	(3,192)	963	(15,254)
Reconciliation of consolidated federal income tax expense (benefit) from:
Continuing operations	3,545	716	(14,191)
Discontinued operations	(405)	247	(1,063)
Loss on sale of discontinued operations	(6,332)
Total income tax expense (benefit)	$ (3,192)	$ 963	$ (15,254)

Summary of Significant Accounting Policies and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies and Basis of Presentation [Abstract]

Schedule of Consolidated Balance Sheets

Consolidated Balance Sheets (Unaudited)

	As of June 30, 2024
	As Reported		Adjustment			As Restated
Accrued expenses and other liabilities	$	24,368	$	3,386		$	27,754
Total liabilities	$	331,537	$	3,386		$	334,923
Retained earnings	$	197,827	$	(3,386	)	$	194,441
Total shareholders’ equity	$	239,450	$	(3,386	)	$	236,064

Schedule of Consolidated Statements of Operations

Consolidated Statements of Operations (Unaudited)

	Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Loss on sale of discontinued operations, net of taxes	$	(7,762	)	$	(3,386	)	$	(11,148	)	$	(7,762	)	$	(3,386	)	$	(11,148	)
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)

Loss per common share:
Basic	$	(0.77	)	$	(0.17	)	$	(0.94	)	$	(0.47	)	$	(0.16	)	$	(0.63	)
Diluted	$	(0.77	)	$	(0.17	)	$	(0.94	)	$	(0.47	)	$	(0.16	)	$	(0.63	)

Schedule of Consolidated Statements of Comprehensive Income (Loss)

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

	Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Comprehensive loss	$	(16,950	)	$	(3,386	)	$	(20,336	)	$	(11,931	)	$	(3,386	)	$	(15,317	)

Schedule of Consolidated Statements of Changes in Shareholders’ Equity

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

	As of and for the Three Months Ended June 30, 2024									As of and for the Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Retained earnings	$	197,827		$	(3,386	)	$	194,441		$	197,827		$	(3,386	)	$	194,441
Total shareholders’ equity	$	239,450		$	(3,386	)	$	236,064		$	239,450		$	(3,386	)	$	236,064

Schedule of Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (Unaudited)

	Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated
Net income (loss)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Net cash flows from operating activities – loss on sale of discontinued operations	$	15,865		$	3,386		$	19,251
Total adjustments	$	43,065		$	3,386		$	46,451

Royalties, Dividends, and Affiliations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Royalties, Dividends, and Affiliations [Line Items]
Payment of royalties	$ 1,647	$ 1,603	$ 1,453
Payment of dividends	8,273
NDFB [Member]
Royalties, Dividends, and Affiliations [Line Items]
Royalty amounts payable accrued	146	$ 131
Payment of dividends	$ 3,146		$ 3,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (6,060)	$ (5,226)	$ (53,775)
Less net loss from discontinued operations, net of income taxes	(1,512)	(25,057)	(15,090)
Adjustments to reconcile net loss to net cash flows from operating activities:
Net investment gains	(2,213)	(1,929)	11,975
Deferred income tax expense (benefit)	1,901	(1,876)	(3,825)
Depreciation of property and equipment	681	692	604
Amortization of intangibles		33	50
Goodwill impairment charge	2,628
Distribution of employee stock ownership plan shares	365	322	380
Share-based compensation	238	1,366	(40)
Amortization of deferred policy acquisition costs	71,257	67,631	53,605
Deferral of policy acquisition costs	(70,767)	(71,746)	(57,233)
Net amortization of premiums and discounts on investments	607	928	1,435
Gain on sale of property and equipment	(64)	(52)	(164)
Changes in operating assets and liabilities:
Premiums and agents’ balances receivable	3,247	(8,808)	(9,453)
Reinsurance premiums receivable / payable	(2,149)	(424)	936
Reinsurance recoverables on losses	(6,101)	2,126	3,892
Accrued investment income	(304)	(179)	109
Federal Crop Insurance Corporation receivable / payable	4,181	(1,942)	(20,424)
Other assets	(231)	(1,506)	938
Unpaid losses and loss adjustment expenses	18,103	4,889	6,296
Unearned premiums	398	15,174	15,237
Income tax recoverable / payable	(7,164)	14,105	(13,275)
Accrued expenses and other liabilities	469	(215)	7,336
Net cash flows from operating activities – continuing operations	15,082	18,589	(1,621)
Net cash flows from operating activities – discontinued operations	10,493	12,608	25,012
Net cash flows from operating activities – loss on sale of discontinued operations	17,479
Total adjustments	43,054	31,197	23,391
Net cash flows from operating activities	38,506	51,028	(15,294)
Cash flows from investing activities:
Proceeds from maturities and sales of fixed income securities	43,633	33,888	75,031
Proceeds from sales of equity securities	7,587	39,020	25,260
Purchases of fixed income securities	(62,561)	(56,318)	(47,620)
Purchases of equity securities	(7,833)	(11,741)	(12,979)
Purchases of property and equipment	(991)	(661)	(878)
Proceeds from sales of property and equipment	280	147	646
Proceeds from disposition of Westminster	12,272
Other	194
Net cash flows from investing activities – continuing operations	(7,419)	4,335	39,460
Net cash flows from investing activities – discontinued operations	2,878	(13,148)	(14,412)
Net cash flows from investing activities	(4,541)	(8,813)	25,048
Cash flows from financing activities:
Purchases of treasury stock		(7,278)	(4,180)
Pooling (payments) receipts	(10,444)	(28,114)	4,085
Installment payment on Westminster consideration payable			(13,333)
Principal repayments of finance leases	(99)	(16)
Issuance of vested award shares	(158)	(172)	(768)
Net cash flows from financing activities – continuing operations	(10,701)	(35,580)	(14,196)
Net cash flows from financing activities – discontinued operations	7,058	28,114	(4,085)
Net cash flows from financing activities	(3,643)	(7,466)	(18,281)
Net change in cash and cash equivalents	30,322	34,749	(8,527)
(Increase) decrease in cash and cash equivalents – discontinued operations	(20,429)	(27,574)	(6,515)
Net increase (decrease) in cash and cash equivalents – continuing operations	9,893	7,175	(15,042)
Cash and cash equivalents at beginning of period – continuing operations	41,037	33,862	48,904
Cash and cash equivalents at end of period – continuing operations	50,930	41,037	33,862
Federal and state income taxes paid (net of refunds received)	$ 2,853	$ (11,102)	$ 2,175

Segment Information (Details)	12 Months Ended
Segment Information (Details)	Dec. 31, 2024
Segment Information [Abstract]
Reportable operating segments	5

Goodwill and Other Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Impairment charges	$ 2,628
Amortization expense		33	50
Continuing Operations [Member]
Goodwill [Line Items]
Amortization expense	0	33	50
Goodwill [Member]
Goodwill [Line Items]
Impairment charges	2,628	6,756
Amortization expense	$ 211	$ 455	$ 472

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Property and Equipment

12 Months Ended

Dec. 31, 2024

Property and Equipment [Abstract]

Property and Equipment

9. Property and Equipment

Property and equipment, presented on a consolidated basis, including both continuing and discontinued operations, consisted of the following:

	December 31,
	2024			2023			Estimated Useful Life
Cost:
Land	$	1,249		$	1,403		indefinite
Building and improvements		12,497			14,538		10 – 43 years
Electronic data processing equipment		1,444			1,441		5 – 7 years
Furniture and fixtures		2,762			2,953		5 – 7 years
Automobiles		1,280			1,319		2 – 3 years
Gross cost		19,232			21,654

Accumulated depreciation		(11,685	)		(11,757	)
Total property and equipment, net	$	7,547		$	9,897

Depreciation expense was $770, $826, and $708 during the years ended December 31, 2024, 2023, and 2022, respectively. Depreciation expense for continuing operations was $681, $692, and $604 during the years ended December 31, 2024, 2023, and 2022, respectively.

Property and equipment for current and prior year continuing and discontinued operations consisted of the following:

	December 31, 2024
Cost:
Continuing operations	$	19,232
Discontinued operations		—
Total cost		19,232

Accumulated depreciation
Continuing operations		(11,685	)
Discontinued operations		—
Total accumulated depreciation		(11,685	)

Total property and equipment, net	$	7,547

	December 31, 2023
Cost:
Continuing operations	$	18,756
Discontinued operations		2,898
Total cost		21,654

Accumulated depreciation
Continuing operations		(11,304	)
Discontinued operations		(453	)
Total accumulated depreciation		(11,757	)

Total property and equipment, net	$	9,897

Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2024

Goodwill and Other Intangibles [Abstract]

Goodwill and Other Intangibles

10. Goodwill and Other Intangibles

Goodwill

The following table presents, on a consolidated basis, including both continuing and discontinued operations, the carrying amount of the Company’s goodwill and related impairment by segment:

	Year Ended December 31,
	2024								2023								2022
	Non- Standard Auto			Com- mercial		Total			Non- Standard Auto		Com- mercial			Total			Non- Standard Auto		Com- mercial		Total
Goodwill, beginning of year	$	2,628		$	—	$	2,628		$	2,628	$	6,756		$	9,384		$	2,628	$	6,756	$	9,384
Impairment recognized during the period		(2,628	)		—		(2,628	)		—		(6,756	)		(6,756	)		—		—		—
Goodwill, end of year	$	—		$	—	$	—		$	2,628	$	—		$	2,628		$	2,628	$	6,756	$	9,384

We performed a quantitative assessment of the goodwill related to the Primero acquisition during the fourth quarter of 2024, which is allocated to our Non-Standard Auto segment, and concluded that the goodwill was fully impaired as of December 31, 2024, resulting in a non-cash impairment charge of $2,628 in the current year. The determination of the fair value of the reporting unit was based on an income approach that utilized discounted cash flows. Under the income approach, we determined fair value based on the present value of the most recent cash flow projections for the reporting unit as of the date of the analysis and calculated a terminal value utilizing a terminal growth rate. The significant assumptions under this approach include, among others: income projections, operating expenses, the discount rate, and the terminal growth rate. The cash flows used to determine fair value are dependent on a number of significant management assumptions such as our expectations of future performance and the expected future economic environment, which are partly based upon our historical experience. Our estimates are subject to change given the inherent uncertainty in predicting future results. Additionally, the discount rate and the terminal growth rate are based on our judgment of the rates that would be utilized by a hypothetical market participant.

We performed a quantitative assessment of the goodwill related to the Westminster acquisition during the fourth quarter of 2023, which was allocated to our former Commercial segment, and concluded that the goodwill was fully impaired as of December 31, 2023, resulting in a non-cash impairment charge of $6,756 in 2023. The determination of the fair value of the reporting unit was based on a combination of a market approach that considered benchmark company market multiples, and an income approach that utilized discounted cash flows. Under the income approach, we determined fair value based on the present value of the most recent cash flow projections for the reporting unit as of the date of the analysis and calculated a terminal value utilizing a terminal growth rate. The significant assumptions under this approach included, among others: income projections, new product introductions, customer behavior, competitor pricing, operating expenses, the discount rate, and the terminal growth rate. The cash flows used to determine fair value were dependent on a number of significant management assumptions such as our expectations of future performance and 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.

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		—		—		—

Not subject to amortization
Continuing operations		100		—		100
Discontinued operations		—		—		—
Total not subject to amortization	$	100	$	—	$	100

December 31, 2023	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization:
Continuing operations	$	248	$	248	$	—
Discontinued operations		7,200		1,689		5,511
Total subject to amortization		7,448		1,937		5,511

Not subject to amortization
Continuing operations		100		—		100
Discontinued operations		1,800		—		1,800
Total not subject to amortization	$	9,348	$	1,937	$	7,411

We determined during our reviews that there were no impairments of other indefinite-lived intangible assets or finite-lived intangible assets during the years ended December 31, 2024, 2023, and 2022.

Amortization expense was $211, $455, and $472 during the years ended December 31, 2024, 2023, and 2022, respectively. Amortization expense for continuing operations was $0, $33, and $50 during the years ended December 31, 2024, 2023, and 2022, respectively.

Reinsurance - Schedule of Reconciliation of Direct to Net Premiums on both a Written and an Earned Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Premium Earned [Member] \| Premiums Written [Member]
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis [Line Items]
Premiums Written, Direct premium	$ 383,933	$ 418,399	$ 389,706
Premiums Written, Assumed premium	2,967	3,098	6,299
Premiums Written, Assumed premium	(43,503)	(54,848)	(46,993)
Premiums Written, Net premiums	343,397	366,649	349,012
Net Premium Earned [Member] \| Premiums Earned [Member]
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis [Line Items]
Premiums Earned, Direct premium	380,968	401,945	368,886
Premiums Earned, Assumed premium	2,984	3,570	6,550
Premiums Earned, Assumed premium	(42,786)	(54,378)	(47,146)
Premiums Earned, Net premiums	341,166	351,137	328,290
Continuing Operations [Member] \| Premiums Written [Member]
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis [Line Items]
Premiums Written, Direct premium	342,301	341,234	315,095
Premiums Written, Assumed premium	2,967	3,098	6,299
Premiums Written, Assumed premium	(34,760)	(37,043)	(34,417)
Premiums Written, Net premiums	310,508	307,289	286,977
Continuing Operations [Member] \| Premiums Earned [Member]
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis [Line Items]
Premiums Earned, Direct premium	341,885	325,590	299,607
Premiums Earned, Assumed premium	2,984	3,570	6,550
Premiums Earned, Assumed premium	(34,759)	(37,043)	(34,417)
Premiums Earned, Net premiums	310,110	292,117	271,740
Discontinued Operations [Member] \| Premiums Written [Member]
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis [Line Items]
Premiums Written, Direct premium	41,632	77,165	74,611
Premiums Written, Assumed premium
Premiums Written, Assumed premium	(8,743)	(17,805)	(12,576)
Premiums Written, Net premiums	32,889	59,360	62,035
Discontinued Operations [Member] \| Premiums Earned [Member]
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis [Line Items]
Premiums Earned, Direct premium	39,083	76,355	69,279
Premiums Earned, Assumed premium
Premiums Earned, Assumed premium	(8,027)	(17,335)	(12,729)
Premiums Earned, Net premiums	$ 31,056	$ 59,020	$ 56,550

Fair Value Measurements - Schedule of Assets Which are Measured on a Recurring Basis the Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fixed income securities:
Total fixed income securities	$ 307,712	$ 347,731
Equity securities:
Total equity securities	24,640	21,983
Money market accounts and cash equivalents	10,950	25,596
Total assets at fair value	343,302	401,094
Level 1 [Member]
Fixed income securities:
Total fixed income securities
Equity securities:
Money market accounts and cash equivalents	10,950	19,412
Total assets at fair value	35,590	47,179
Level 2 [Member]
Fixed income securities:
Total fixed income securities	307,712	347,731
Equity securities:
Money market accounts and cash equivalents		6,184
Total assets at fair value	307,712	353,915
Level 3 [Member]
Fixed income securities:
Total fixed income securities
Equity securities:
Money market accounts and cash equivalents
Total assets at fair value
U.S. Government and agencies [Member]
Fixed income securities:
Total fixed income securities	12,274	10,262
U.S. Government and agencies [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
U.S. Government and agencies [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	12,274	10,262
U.S. Government and agencies [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Obligations of states and political subdivisions [Member]
Fixed income securities:
Total fixed income securities	43,823	51,461
Obligations of states and political subdivisions [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
Obligations of states and political subdivisions [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	43,823	51,461
Obligations of states and political subdivisions [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Corporate securities [Member]
Fixed income securities:
Total fixed income securities	116,274	142,216
Corporate securities [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
Corporate securities [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	116,274	142,216
Corporate securities [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Residential mortgage-backed securities [Member]
Fixed income securities:
Total fixed income securities	48,777	61,163
Residential mortgage-backed securities [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
Residential mortgage-backed securities [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	48,777	61,163
Residential mortgage-backed securities [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Commercial mortgage-backed securities [Member]
Fixed income securities:
Total fixed income securities	27,184	29,439
Commercial mortgage-backed securities [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
Commercial mortgage-backed securities [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	27,184	29,439
Commercial mortgage-backed securities [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Asset-backed securities [Member]
Fixed income securities:
Total fixed income securities	56,131	49,029
Asset-backed securities [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
Asset-backed securities [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	56,131	49,029
Asset-backed securities [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Redeemable preferred stocks [Member]
Fixed income securities:
Total fixed income securities	3,249	4,161
Redeemable preferred stocks [Member] \| Level 1 [Member]
Fixed income securities:
Total fixed income securities
Redeemable preferred stocks [Member] \| Level 2 [Member]
Fixed income securities:
Total fixed income securities	3,249	4,161
Redeemable preferred stocks [Member] \| Level 3 [Member]
Fixed income securities:
Total fixed income securities
Equity securities [Member]
Equity securities:
Total equity securities	24,640	27,767
Equity securities [Member] \| Level 1 [Member]
Equity securities:
Total equity securities	24,640	27,767
Equity securities [Member] \| Level 2 [Member]
Equity securities:
Total equity securities
Equity securities [Member] \| Level 3 [Member]
Equity securities:
Total equity securities
Non-redeemable preferred stocks [Member] \| Equity securities [Member]
Equity securities:
Total equity securities		1,877
Non-redeemable preferred stocks [Member] \| Equity securities [Member] \| Level 1 [Member]
Equity securities:
Total equity securities		1,877
Non-redeemable preferred stocks [Member] \| Equity securities [Member] \| Level 2 [Member]
Equity securities:
Total equity securities
Non-redeemable preferred stocks [Member] \| Equity securities [Member] \| Level 3 [Member]
Equity securities:
Total equity securities
Common stock [Member] \| Equity securities [Member]
Equity securities:
Total equity securities	24,640	25,890
Common stock [Member] \| Equity securities [Member] \| Level 1 [Member]
Equity securities:
Total equity securities	24,640	25,890
Common stock [Member] \| Equity securities [Member] \| Level 2 [Member]
Equity securities:
Total equity securities
Common stock [Member] \| Equity securities [Member] \| Level 3 [Member]
Equity securities:
Total equity securities

Reinsurance (Details) - USD ($) $ in Thousands	12 Months Ended
Reinsurance (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reinsurance [Line Items]
Reinsurance retention policy amount	$ 133,000		$ 125,000
Reinsurance coverage excess amount	20,000		15,000
Reinsurance risk excess of loss	45,320
Excess property risks	1,000	1,000	1,000
Reinsurance coverage property risk	5,000	11,000	$ 5,000
Reinsurance coverage excess of casualty risks	2,000	1,000
Multi-Peril Crop [Member]
Reinsurance [Line Items]
Reinsurance risk excess of loss	3,000
Reinsurance coverage property risk	$ 10,000
Net loss ratio percentage	105.00%		105.00%
Reinsurance recoveries	$ 5,648
Crop [Member]
Reinsurance [Line Items]
Net loss ratio percentage	100.00%		100.00%
External Reinsurance [Member]
Reinsurance [Line Items]
Reinsurance retention policy amount	$ 20,000
Reinsurance coverage excess amount	117,000
Reinsurance risk excess of loss	4,000		$ 4,000
Excess property risks	2,000
Reinsurance coverage property risk	11,000		11,000
Reinsurance coverage excess of casualty risks	1,000		1,000
Reinsurer, Other [Member]
Reinsurance [Line Items]
Reinsurance risk excess of loss	$ 20,000	$ 4,000	$ 20,000

Allowance for Expected Credit Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for Expected Credit Losses [Abstract]
Premiums and agents' balances receivable	$ 337	$ 394	$ 425

Line of Credit

12 Months Ended

Dec. 31, 2024

Line of Credit [Abstract]

Line of Credit

13. Line of Credit

NI Holdings has a $3,000 line of credit with Wells Fargo Bank, N.A. The terms of the line of credit include a floating interest rate of 2.50% above the daily simple secured overnight financing rate. There were no outstanding amounts during the years ended December 31, 2024, 2023, or 2022. This line of credit is scheduled to expire on December 13, 2025.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Reinsurance

12 Months Ended

Dec. 31, 2024

Reinsurance [Abstract]

Reinsurance

6. Reinsurance

External Reinsurance

The Company’s consolidated financial statements reflect the effects of assumed and ceded reinsurance transactions. Assumed reinsurance refers to the acceptance of certain insurance risks that other insurance companies have underwritten. Ceded reinsurance involves transferring certain insurance risks (along with the related written and earned premiums) the Company has underwritten to other insurance companies who agree to share these risks. The Company reinsures a portion of the risks it underwrites, through these ceded reinsurance agreements, in order to control its exposure to losses. Our ceded reinsurance is placed either on an automatic basis under general reinsurance contracts known as treaties or through facultative contracts placed on substantial individual risks. These contracts do not relieve the Company from its obligations to policyholders. Treaty reinsurance contracts are typically effective from January 1 through December 31 each year.

During the year ended December 31, 2024, the Company maintained property catastrophe reinsurance protection covering $133,000 in excess of a $20,000 retention. With the exception of Westminster, a per risk excess of loss treaty provides coverage of $4,000 in excess of $1,000 for property risks and $11,000 in excess of $1,000 for casualty risks. For Westminster, a per risk excess of loss treaty provided coverage of $3,000 in excess of $2,000 for property risks and $10,000 in excess of $2,000 for casualty risks until July 1, 2024. Additionally, a property per-risk facultative contract is in place to provide coverage up to $20,000 in excess of $5,000 per property. Aggregate stop loss reinsurance agreements are also in place for both crop hail and multi-peril crop coverage. The crop hail aggregate attaches at a 100% net loss ratio providing 50 points of cover. The multi-peril crop aggregate attaches at a 105% net loss ratio providing 45 points of cover. In addition to the aggregate covers, underlying multi-peril crop reinsurance is provided through the FCIC.

Effective July 1, 2024, the Company’s reinsurance contracts were modified to exclude any Westminster losses occurring on or after that date, while maintaining all other existing limits, retentions, and attachment points.

For the year ended December 31, 2023, the Company’s catastrophe retention and retention limit were consistent with those for the year ended December 31, 2024. In addition, limits, retentions, and attachment points in our other reinsurance contracts were also consistent with those for the year ended December 31, 2024 (with the exception of Westminster for which per risk excess of loss treaties provided coverage of $4,000 in excess of $1,000 for property risks and $11,000 in excess of $1,000 for casualty risks).

During the year ended December 31, 2022, the Company maintained property catastrophe reinsurance protection covering $125,000 in excess of a $15,000 retention. Additionally, per risk excess of loss treaties provided coverage of $4,000 in excess of $1,000 for property risks and $11,000 in excess of $1,000 for casualty risks, with facultative contracts in place to provide coverage up to $20,000 in excess of $5,000 per property. Aggregate stop loss reinsurance agreements were placed for both crop hail and multi-peril crop coverage. The crop hail aggregate attached at a 100% net loss ratio providing 50 points of cover. The multi-peril crop aggregate attached at a 105% net loss ratio providing 45 points of cover. In addition to the aggregate covers, underlying multi-peril crop reinsurance was provided through the FCIC.

The Company experienced multiple catastrophe events during 2022 which resulted in reinsurance recoveries of $5,648 through December 31, 2024.

For 2025, the Company’s catastrophe retention will remain consistent with 2024 at $20,000 and the reinsurance protection will cover $117,000. The lower limit for 2025 was primarily due to the sale of Westminster, which drove the top end of the catastrophe modeling results. There were no changes made to limits, retentions, or attachment points in our other reinsurance contracts.

The Company actively monitors and evaluates the financial condition of the reinsurers and develops estimates of the uncollectible amounts due from reinsurers. Beginning on December 31, 2022, credit losses are recognized through an allowance account developed using a new CECL model. See the Part II, Item 8, Note 2 “Recent Accounting Pronouncements” for additional information. Credit loss estimates are made based on periodic evaluation of balances due from reinsurers, changes in reinsurer credit standing, judgments regarding reinsurers’ solvency, known disputes, reporting characteristics of the underlying reinsured business, historical experience, current economic conditions, and the state of reinsurer relations in general. Collection risk is mitigated by entering into reinsurance arrangements only with reinsurers that have strong credit ratings and statutory surplus above certain levels. At December 31, 2024 and 2023, management has concluded that it is not necessary to record an allowance for expected credit losses related to reinsurance recoverables. All of our significant reinsurance partners are rated “A-” (Excellent) or better by AM Best, and there is no history of write-offs.

A reconciliation of direct to net premiums on both a written and an earned basis, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

	Year Ended December 31,
	2024						2023						2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Direct premium	$	383,933		$	380,968		$	418,399		$	401,945		$	389,706		$	368,886
Assumed premium		2,967			2,984			3,098			3,570			6,299			6,550
Ceded premium		(43,503	)		(42,786	)		(54,848	)		(54,378	)		(46,993	)		(47,146	)
Net premiums	$	343,397		$	341,166		$	366,649		$	351,137		$	349,012		$	328,290

The reconciliations of the Company’s direct to net premiums on both a written and an earned basis for the current year-to-date and comparable prior year-to-date amounts, segregated between continuing and discontinued operations, are shown below.

	Year Ended December 31,
	2024						2023						2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Continuing operations:
Direct premium	$	342,301		$	341,885		$	341,234		$	325,590		$	315,095		$	299,607
Assumed premium		2,967			2,984			3,098			3,570			6,299			6,550
Ceded premium		(34,760	)		(34,759	)		(37,043	)		(37,043	)		(34,417	)		(34,417	)
Net premiums	$	310,508		$	310,110		$	307,289		$	292,117		$	286,977		$	271,740

	Year Ended December 31,
	2024						2023						2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Discontinued operations:
Direct premium	$	41,632		$	39,083		$	77,165		$	76,355		$	74,611		$	69,279
Assumed premium		—			—			—			—			—			—
Ceded premium		(8,743	)		(8,027	)		(17,805	)		(17,335	)		(12,576	)		(12,729	)
Net premiums	$	32,889		$	31,056		$	59,360		$	59,020		$	62,035		$	56,550

A reconciliation of direct to net losses and loss adjustment expenses, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

	Year Ended December 31,
	2024			2023			2022
Direct losses and loss adjustment expenses	$	249,344		$	293,978		$	333,397
Assumed losses and loss adjustment expenses		784			1,140			2,369
Ceded losses and loss adjustment expenses		(19,157	)		(50,706	)		(41,334	)
Net losses and loss adjustment expenses	$	230,971		$	244,412		$	294,432

The reconciliations for current and prior year continuing and discontinued operations of direct to net losses and loss adjustment expenses is as follows:

	Year Ended December 31,
	2024			2023			2022
Continuing Operations:
Direct losses and loss adjustment expenses	$	220,991		$	195,138		$	255,187
Assumed losses and loss adjustment expenses		784			1,140			2,369
Ceded losses and loss adjustment expenses		(14,310	)		(9,762	)		(15,806	)
Net losses and loss adjustment expenses	$	207,465		$	186,516		$	241,750

	Year Ended December 31,
	2024			2023			2022
Discontinued Operations:
Direct losses and loss adjustment expenses	$	28,353		$	98,840		$	78,210
Assumed losses and loss adjustment expenses		—			—			—
Ceded losses and loss adjustment expenses		(4,847	)		(40,944	)		(25,528	)
Net losses and loss adjustment expenses	$	23,506		$	57,896		$	52,682

Intercompany Reinsurance Pooling Arrangement

Effective January 1, 2020, all of our insurance subsidiary and affiliate companies entered into an intercompany reinsurance pooling agreement. Nodak Insurance is the lead company of the pool, and assumes the net premiums, net losses, and underwriting expenses from each of the other five companies. Nodak Insurance then retrocedes balances back to each company, while retaining its own share of the pool’s net underwriting results, based on individual pool percentages established in the respective pooling agreement. This arrangement allows each insurance company to rely upon the capacity of the pool’s total statutory capital and surplus. As a result, they are evaluated by AM Best on a group basis and hold a single combined financial strength rating, long-term issuer credit rating, and financial size category. Subsequent to the June 30, 2024, date of sale, Westminster is no longer a member of the pool, and the pooling percentages for the remaining insurance subsidiaries were updated based on their respective surplus as a percentage of the pool as of December 31, 2023.

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross cost	$ 19,232	$ 21,654
Accumulated depreciation	(11,685)	(11,757)
Total property and equipment, net	7,547	9,897
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross cost	1,249	1,403
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross cost	12,497	14,538
Electronic data processing equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross cost	1,444	1,441
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross cost	2,762	2,953
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross cost	$ 1,280	$ 1,319
Minimum [Member] \| Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Minimum [Member] \| Electronic data processing equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Minimum [Member] \| Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Minimum [Member] \| Automobiles [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	2 years
Maximum [Member] \| Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	43 years
Maximum [Member] \| Electronic data processing equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	7 years
Maximum [Member] \| Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	7 years
Maximum [Member] \| Automobiles [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years

Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Schedule of Revenue by Insurance Product Line

For the Consolidated Balance Sheets, those items include cash and investments, property and equipment, other assets, accrued expenses and other liabilities, income taxes recoverable or payable, and shareholders’ equity.

	Year Ended December 31, 2024
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			All Other			Total
Direct premiums earned	$	94,865		$	95,502		$	102,073		$	36,421		$	13,024		$	341,885
Assumed premiums earned		—			—			—			2,147			837			2,984
Ceded premiums earned		(4,551	)		(277	)		(11,312	)		(17,426	)		(1,193	)		(34,759	)
Net premiums earned		90,314			95,225			90,761			21,142			12,668			310,110

Direct losses and loss adjustment expenses		54,340			76,130			66,968			12,310			11,243			220,991
Assumed losses and loss adjustment expenses		—			—			—			537			247			784
Ceded losses and loss adjustment expenses		(2,471	)		—			(2,407	)		(3,776	)		(5,656	)		(14,310	)
Net losses and loss adjustment expenses		51,869			76,130			64,561			9,071			5,834			207,465

Gross margin		38,445			19,095			26,200			12,071			6,834			102,645

Amortization of deferred policy acquisition costs		17,177			30,395			17,970			3,465			2,250			71,257
Other underwriting and general expenses ⁽¹⁾		10,861			6,337			10,603			1,417			4,491			33,709
Underwriting and general expenses		28,038			36,732			28,573			4,882			6,741			104,966
Underwriting gain (loss)		10,407			(17,637	)		(2,373	)		7,189			93			(2,321	)

Fee and other income					1,219												1,938
					(16,418	)

Goodwill impairment charge					(2,628	)											(2,628	)

Net investment income																	10,943
Net investment gains (losses)																	2,213
Income (loss) before income taxes																	10,145
Income tax expense (benefit)																	3,545
Net income (loss)																	6,600
Net income (loss) attributable to non-controlling interest																	—
Net income (loss) attributable to NI Holdings, Inc.																$	6,600

Operating Ratios:
Loss and loss adjustment expense ratio		57.4%			79.9%			71.1%			42.9%			46.1%			66.9%
Expense ratio		31.0%			38.6%			31.5%			23.1%			53.2%			33.8%
Combined ratio		88.4%			118.5%			102.6%			66.0%			99.3%			100.7%


Balances at December 31, 2024:
Premiums and agents’ balances receivable	$	25,843		$	13,757		$	10,560		$	103		$	2,644		$	52,907
Deferred policy acquisition costs		6,535			9,135			9,437			—			1,193			26,300
Reinsurance recoverables on losses		2,358			—			1,934			478			7,791			12,561
Receivable from Federal Crop Insurance Corporation		—			—			—			13,223			—			13,223
Goodwill and other intangibles		—			100			—			—			—			100
Unpaid losses and loss adjustment expenses		28,103			77,580			16,162			1,789			13,654			137,288
Unearned premiums		37,711			28,391			53,319			—			7,077			126,498

	Year Ended December 31, 2023
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			All Other			Total
Direct premiums earned	$	87,431		$	88,170		$	93,130		$	45,273		$	11,586		$	325,590
Assumed premiums earned		—			—			—			2,262			1,308			3,570
Ceded premiums earned		(4,071	)		(410	)		(9,741	)		(21,718	)		(1,103	)		(37,043	)
Net premiums earned		83,360			87,760			83,389			25,817			11,791			292,117

Direct losses and loss adjustment expenses		59,385			63,041			52,455			17,669			2,588			195,138
Assumed losses and loss adjustment expenses		—			—			—			787			353			1,140
Ceded losses and loss adjustment expenses		819			—			(1,520	)		(7,663	)		(1,398	)		(9,762	)
Net losses and loss adjustment expenses		60,204			63,041			50,935			10,793			1,543			186,516

Gross margin		23,156			24,719			32,454			15,024			10,248			105,601

Amortization of deferred policy acquisition costs		15,797			29,585			16,446			3,828			1,975			67,631
Other underwriting and general expenses ⁽¹⁾		8,895			7,994			8,451			2,494			1,492			29,326
Underwriting and general expenses		24,692			37,579			24,897			6,322			3,467			96,957
Underwriting gain (loss)		(1,536	)		(12,860	)		7,557			8,702			6,781			8,644

Fee and other income					1,293												1,940
					(11,567	)

Goodwill impairment charge																	—

Net investment income																	8,034
Net investment gains (losses)																	1,929
Income (loss) before income taxes																	20,547
Income tax expense (benefit)																	716
Net income (loss)																	19,831
Net income (loss) attributable to non-controlling interest																	250
Net income (loss) attributable to NI Holdings, Inc.																$	19,581

Operating Ratios:
Loss and loss adjustment expense ratio		72.2%			71.8%			61.1%			41.8%			13.1%			63.8%
Expense ratio		29.6%			42.8%			29.9%			24.5%			29.4%			33.2%
Combined ratio		101.8%			114.6%			91.0%			66.3%			42.5%			97.0%


Balances at December 31, 2023:
Premiums and agents’ balances receivable	$	24,152		$	19,853		$	9,755		$	89		$	2,305		$	56,154
Deferred policy acquisition costs		5,834			11,966			8,005			—			985			26,790
Reinsurance recoverables on losses		15			—			2,949			1,343			2,153			6,460
Receivable from Federal Crop Insurance Corporation		—			—			—			17,404			—			17,404
Goodwill and other intangibles		—			2,728			—			—			—			2,728
Unpaid losses and loss adjustment expenses		28,037			61,272			18,205			3,884			7,787			119,185
Unearned premiums		35,367			36,426			48,210			—			6,097			126,100

	Year Ended December 31, 2022
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			All Other			Total
Direct premiums earned	$	80,410		$	67,178		$	88,143		$	53,215		$	10,661		$	299,607
Assumed premiums earned		—			—			—			2,254			4,296			6,550
Ceded premiums earned		(2,805	)		(267	)		(9,762	)		(20,748	)		(835	)		(34,417	)
Net premiums earned		77,605			66,911			78,381			34,721			14,122			271,740

Direct losses and loss adjustment expenses		66,250			39,400			114,195			27,146			8,196			255,187
Assumed losses and loss adjustment expenses		—			—			—			634			1,735			2,369
Ceded losses and loss adjustment expenses		(830	)		—			(6,372	)		(8,362	)		(242	)		(15,806	)
Net losses and loss adjustment expenses		65,420			39,400			107,823			19,418			9,689			241,750

Gross margin		12,185			27,511			(29,442	)		15,303			4,433			29,990

Amortization of deferred policy acquisition costs		13,584			20,831			14,764			2,667			1,759			53,605
Other underwriting and general expenses ⁽¹⁾		8,149			6,172			8,438			400			2,144			25,303
Underwriting and general expenses		21,733			27,003			23,202			3,067			3,903			78,908
Underwriting gain (loss)		(9,548	)		508			(52,644	)		12,236			530			(48,918	)

Fee and other income					831												1,381
					1,339

Goodwill impairment charge																	—

Net investment income																	6,636
Net investment gains (losses)																	(11,975	)
Income (loss) before income taxes																	(52,876	)
Income tax expense (benefit)																	(14,191	)
Net income (loss)																	(38,685	)
Net income (loss) attributable to non-controlling interest																	(679	)
Net income (loss) attributable to NI Holdings, Inc.																$	(38,006	)

Operating Ratios:
Loss and loss adjustment expense ratio		84.3%			58.9%			137.6%			55.9%			68.6%			89.0%
Expense ratio		28.0%			40.4%			29.6%			8.8%			27.6%			29.0%
Combined ratio		112.3%			99.3%			167.2%			64.7%			96.2%			118.0%


Balances at December 31, 2022:
Premiums and agents’ balances receivable	$	20,669		$	14,884		$	9,388		$	381		$	2,024		$	47,346
Deferred policy acquisition costs		5,040			9,378			7,376			—			881			22,675
Reinsurance recoverables on losses		1,440			—			5,732			589			825			8,586
Receivable from Federal Crop Insurance Corporation		—			—			—			15,462			—			15,462
Goodwill and other intangibles		—			2,761			—			—			—			2,761
Unpaid losses and loss adjustment expenses		27,439			46,231			27,989			2,145			10,492			114,296
Unearned premiums		30,721			29,301			44,957			—			5,947			110,926

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023
Recent Accounting Pronouncements [Line Items]
Excepted credit losses	$ 425
Accrued expenses and other liabilities		$ 18,128	$ 17,758
Deferred rent liability	200
Opening balance of retain earnings	0
Lease Liability [Member]
Recent Accounting Pronouncements [Line Items]
Accrued expenses and other liabilities	1,837
Right-of-Use Asset [Member]
Recent Accounting Pronouncements [Line Items]
Right-of-use asset	$ 1,637

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2024

Fair Value Measurements [Abstract]

Fair Value Measurements

5. Fair Value Measurements

The Company uses fair value measurements to record fair value adjustments to certain assets to determine fair value disclosures. Investment securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other assets or liabilities at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. Accounting guidance on fair value measurements and disclosures establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The three levels of the fair value hierarchy are as follows:

Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2:	Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 2 includes fixed income securities with quoted prices that are traded less frequently than exchange traded instruments. Valuation techniques include matrix pricing which is a mathematical technique used widely in the industry to value fixed income securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices.
Level 3:	Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity).

The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the estimates of the Company or other third-parties, are often calculated based on the characteristics of the asset, the economic and competitive environment, and other such factors. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts which could have been realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective period-end and have not been re-evaluated or updated for purposes of our consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. Additionally, changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations.

The Company uses quoted values and other data provided by an independent pricing service in its process for determining fair values of its investments. The evaluations of such pricing services represent an exit price and a good faith opinion as to what a buyer in the marketplace would pay for a security in a current sale. This pricing service provides us with one quote per instrument. For fixed income securities that have quoted prices in active markets, market quotations are provided. For fixed income securities that do not trade on a daily basis, the independent pricing service prepares estimates of fair value using a wide array of observable inputs including relevant market information, benchmark curves, benchmarking of like securities, sector groupings, and matrix pricing. The observable market inputs that the Company’s independent pricing service utilizes may include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, market bids/offers, and other reference data on markets, industry, and the economy. Additionally, the independent pricing service uses an option-adjusted spread model to develop prepayment and interest rate scenarios.

Should the independent pricing service be unable to provide a fair value estimate, we would first attempt to obtain a fair value estimate from our third-party investment advisor who utilizes different independent pricing services. If unsuccessful, we would attempt to obtain a non-binding fair value estimate from a number of broker-dealers and would review this estimate in conjunction with a fair value estimate reported by an independent business news service or other sources. In instances where only one broker-dealer provides a fair value for a fixed income security, we would use that estimate. In instances where the Company would be able to obtain fair value estimates from more than one broker-dealer, we would review the range of estimates and select the most appropriate value based on the facts and circumstances. Should neither the independent pricing service nor a broker-dealer provide a fair value estimate, we would develop a fair value estimate based on cash flow analyses and other valuation techniques that utilize certain unobservable inputs. Accordingly, the Company classifies such a security as a Level 3 investment.

The fair value estimates of our investments provided by the independent pricing service at each period-end were utilized, among other resources, in reaching a conclusion as to the fair value of its investments.

Management reviews the reasonableness of the pricing provided by the independent pricing service by employing various analytical procedures. We also use information from our third-party investment advisor who utilizes different independent pricing services to further validate the reasonableness of the valuation of our fixed income portfolio. If, after this review, management does not believe the pricing for any security is a reasonable estimate of fair value, then it will seek to resolve the discrepancy through discussions with the independent pricing service. In its review, management did not identify any such discrepancies and no adjustments were made to the estimates provided by the independent pricing service for the years ended December 31, 2024, 2023, or 2022. The classification within the fair value hierarchy is then confirmed based on the final conclusions from the pricing review.

The valuation of money market accounts and equity securities are generally based on Level 1 inputs, which use the market-approach valuation technique. The valuation of certain cash equivalents and our fixed income securities generally incorporates significant Level 2 inputs using the market and income approach techniques. We may assign a lower level to inputs typically considered to be Level 2 based on our assessment of liquidity and relative level of uncertainty surrounding inputs. There were no assets or liabilities classified at Level 3 at December 31, 2024, or 2023.

The following tables set forth our assets which are measured on a recurring basis by the level within the fair value hierarchy in which fair value measurements fall:

	December 31, 2024
	Total		Level 1		Level 2		Level 3
Fixed income securities:
U.S. Government and agencies	$	12,274	$	—	$	12,274	$	—
Obligations of states and political subdivisions		43,823		—		43,823		—
Corporate securities		116,274		—		116,274		—
Residential mortgage-backed securities		48,777		—		48,777		—
Commercial mortgage-backed securities		27,184		—		27,184		—
Asset-backed securities		56,131		—		56,131		—
Redeemable preferred stock		3,249		—		3,249		—
Total fixed income securities		307,712		—		307,712		—

Equity securities:
Common stock		24,640		24,640		—		—
Non-redeemable preferred stock		—		—		—		—
Total equity securities		24,640		24,640		—		—

Money market accounts and cash equivalents		10,950		10,950		—		—
Total assets at fair value	$	343,302	$	35,590	$	307,712	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Fixed income securities:
U.S. Government and agencies	$	10,262	$	—	$	10,262	$	—
Obligations of states and political subdivisions		51,461		—		51,461		—
Corporate securities		142,216		—		142,216		—
Residential mortgage-backed securities		61,163		—		61,163		—
Commercial mortgage-backed securities		29,439		—		29,439		—
Asset-backed securities		49,029		—		49,029		—
Redeemable preferred stocks		4,161		—		4,161		—
Total fixed income securities		347,731		—		347,731		—

Equity securities:
Common stock		25,890		25,890		—		—
Non-redeemable preferred stocks		1,877		1,877		—		—
Total equity securities		27,767		27,767		—		—

Money market accounts and cash equivalents		25,596		19,412		6,184		—
Total assets at fair value	$	401,094	$	47,179	$	353,915	$	—

The following tables are a reconciliation for both continuing and discontinued operations of the presentation of our assets which are measured on a recurring basis by the level within the fair value hierarchy in which fair value measurements fall:

	December 31, 2024
	Total		Level 1		Level 2		Level 3
Fixed income securities:
Continuing operations	$	307,712	$	—	$	307,712	$	—
Discontinued operations		—		—		—		—
Total fixed income securities		307,712		—		307,712		—

Equity securities:
Continuing operations		24,640		24,640		—		—
Discontinued operations		—		—		—		—
Total equity securities		24,640		24,640		—		—

Money market accounts and cash equivalents
Continuing operations		10,950		10,950		—		—
Discontinued operations		—		—		—		—
Total money market accounts and cash equivalents		10,950		10,950		—		—
Total assets at fair value	$	343,302	$	35,590	$	307,712	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Fixed income securities:
Continuing operations	$	289,399	$	—	$	289,399	$	—
Discontinued operations		58,332		—		58,332		—
Total fixed income securities		347,731		—		347,731		—

Equity securities:
Continuing operations		21,983		21,983		—		—
Discontinued operations		5,784		5,784		—		—
Total equity securities		27,767		27,767		—		—

Money market accounts and cash equivalents
Continuing operations		16,239		16,239		—		—
Discontinued operations		9,357		3,173		6,184		—
Total money market accounts and cash equivalents		25,596		19,412		6,184		—
Total assets at fair value	$	401,094	$	47,179	$	353,915	$	—

There were no liabilities measured at fair value on a recurring basis at December 31, 2024 or 2023.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Investments - Schedule of Gross Unrealized Losses on Fixed Income Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fixed income securities:
Less than 12 months Fair Value	$ 72,860	$ 32,452
Less than 12 months Unrealized Losses	(1,356)	(579)
Greater than 12 months Fair Value	176,398	246,744
Greater than 12 months Unrealized Losses	(23,129)	(29,740)
Fair Value, Total	249,258	279,196
Unrealized Losses, Total	(24,485)	(30,319)
Fixed income securities [Member]
Fixed income securities:
Less than 12 months Fair Value	72,860	32,452
Less than 12 months Unrealized Losses	(1,356)	(579)
Greater than 12 months Fair Value	176,398	246,744
Greater than 12 months Unrealized Losses	(23,129)	(29,740)
Fair Value, Total	249,258	279,196
Unrealized Losses, Total	(24,485)	(30,319)
Fixed income securities [Member] \| U.S. Government and agencies [Member]
Fixed income securities:
Less than 12 months Fair Value	5,443
Less than 12 months Unrealized Losses	(109)
Greater than 12 months Fair Value	4,177	9,018
Greater than 12 months Unrealized Losses	(226)	(736)
Fair Value, Total	9,620	9,018
Unrealized Losses, Total	(335)	(736)
Fixed income securities [Member] \| Obligations of states and political subdivisions [Member]
Fixed income securities:
Less than 12 months Fair Value	8,465	5,239
Less than 12 months Unrealized Losses	(143)	(359)
Greater than 12 months Fair Value	29,428	36,194
Greater than 12 months Unrealized Losses	(4,777)	(4,357)
Fair Value, Total	37,893	41,433
Unrealized Losses, Total	(4,920)	(4,716)
Fixed income securities [Member] \| Corporate securities [Member]
Fixed income securities:
Less than 12 months Fair Value	25,790	8,018
Less than 12 months Unrealized Losses	(481)	(93)
Greater than 12 months Fair Value	76,364	110,117
Greater than 12 months Unrealized Losses	(7,036)	(10,763)
Fair Value, Total	102,154	118,135
Unrealized Losses, Total	(7,517)	(10,856)
Fixed income securities [Member] \| Residential mortgage-backed securities [Member]
Fixed income securities:
Less than 12 months Fair Value	20,827	12,054
Less than 12 months Unrealized Losses	(451)	(104)
Greater than 12 months Fair Value	23,159	33,341
Greater than 12 months Unrealized Losses	(4,530)	(5,275)
Fair Value, Total	43,986	45,395
Unrealized Losses, Total	(4,981)	(5,379)
Fixed income securities [Member] \| Commercial mortgage-backed securities [Member]
Fixed income securities:
Less than 12 months Fair Value	1,409	2,678
Less than 12 months Unrealized Losses	(50)	(5)
Greater than 12 months Fair Value	19,442	23,713
Greater than 12 months Unrealized Losses	(2,893)	(4,236)
Fair Value, Total	20,851	26,391
Unrealized Losses, Total	(2,943)	(4,241)
Fixed income securities [Member] \| Asset-backed securities [Member]
Fixed income securities:
Less than 12 months Fair Value	10,926	4,463
Less than 12 months Unrealized Losses	(122)	(18)
Greater than 12 months Fair Value	20,579	30,200
Greater than 12 months Unrealized Losses	(3,179)	(3,787)
Fair Value, Total	31,505	34,663
Unrealized Losses, Total	(3,301)	(3,805)
Fixed income securities [Member] \| Redeemable preferred stocks [Member]
Fixed income securities:
Less than 12 months Fair Value
Less than 12 months Unrealized Losses
Greater than 12 months Fair Value	3,249	4,161
Greater than 12 months Unrealized Losses	(488)	(586)
Fair Value, Total	3,249	4,161
Unrealized Losses, Total	$ (488)	$ (586)

Share-Based Compensation - Schedule of Performance Stock Outstanding (Details) - PSUs [Member] - $ / shares

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

PSUs, Units outstanding and unearned at beginning

213,800,000

190,000,000

190,600,000

Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at beginning

$ 16.53

$ 17

$ 16.06

PSUs, Units outstanding and unearned at ending

26,327,000

213,800,000

190,000,000

Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at ending

$ 17.5

$ 16.53

$ 17

PSUs granted during (at target)

79,800,000

87,400,000

61,800,000

Weighted-Average Grant-Date Fair Value Per Share, PSUs granted during (at target)

$ 14.19

$ 13.85

$ 18.1

PSUs earned during

(86,684,000)

Weighted-Average Grant-Date Fair Value Per Share, PSUs earned during

$ 15.21

PSUs, Performance adjustment

(147,173,000)

^[1]

(63,600,000)

^[1]

31,200,000

Weighted-Average Grant-Date Fair Value Per Share, Performance adjustment

$ 16.14

^[1]

$ 14.26

^[1]

$ 15.21

PSUs, Forfeitures

(120,100,000)

^[2]

(6,916,000)

Weighted-Average Grant-Date Fair Value Per Share, Forfeitures

$ 15.23

^[2]

$ 15.21

[1]	Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.
[2]	Represents PSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

Common and Preferred Stock

12 Months Ended

Dec. 31, 2024

Common and Preferred Stock [Abstract]

Common and Preferred Stock

17. Common and Preferred Stock

Common Stock

Changes in the number of common stock shares outstanding were as follows:

	Year Ended December 31,
	2024		2023			2022
Shares outstanding, beginning of period		20,599,908		21,076,255			21,219,808
Treasury shares repurchased through stock repurchase authorization		—		(548,549	)		(269,160	)
Issuance of treasury shares for vesting of restricted stock units		49,045		47,887			101,292
Issuance of shares related to employee stock ownership plan		24,315		24,315			24,315
Shares outstanding, end of period		20,673,268		20,599,908			21,076,255

The changes in the number of common shares outstanding excludes certain non-forfeitable stock award shares that are included in the weighted average common shares outstanding used in basic earnings per common share calculations. The net loss per diluted common share for the year ended December 31, 2024, excluded the weighted average effects of 120,626 shares of stock awards since the impacts of these potential shares of common stock were anti-dilutive. The net loss per diluted common share for the year ended December 31, 2023, excluded the weighted average effects of 76,532 shares of stock awards since the impacts of these potential shares of common stock were anti-dilutive. The net loss per diluted common share for the year ended December 31, 2022, excluded the weighted average effects of 155,463 shares of stock awards since the impacts of these potential shares of common stock were anti-dilutive.

On August 11, 2021, our Board of Directors approved an authorization for the repurchase of up to approximately $5,000 of the Company’s outstanding common stock. During the year ended December 31, 2021, we completed the repurchase of 81,095 shares of our common stock for $1,554 under this authorization. During the year ended December 31, 2022, we completed the repurchase of 214,937 shares of our common stock for $3,446 to close out this authorization.

On May 9, 2022, our Board of Directors approved an authorization for the repurchase of up to approximately $10,000 of the Company’s outstanding common stock. During the year ended December 31, 2023, we completed the repurchase of 54,223 shares of our common stock for $734 under this authorization. During the year ended December 31, 2023, we completed the repurchase of 548,549 shares of our common stock for $7,278, including the applicable excise tax discussed below. During the year ended

December 31, 2024, we did not repurchase any shares of our common stock. At December 31, 2024, $2,052 remains available under this authorization.

The cost of this treasury stock is a reduction of shareholders’ equity within our Consolidated Balance Sheets.

On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (“IRA”) which, among other changes, created a new corporate alternative minimum tax (“AMT”) based on adjusted financial statement income and imposes a 1% excise tax on corporate stock repurchases, subject to certain adjustments. The effective date of these provisions was January 1, 2023. The Company is not currently subject to the AMT based on our reported GAAP earnings for the past three years. For periods subsequent to the effective date of the IRA, the cost of treasury stock acquired will include any 1% excise tax imposed by the IRA. The Company does not expect the IRA to have a material impact on the Company’s financial position and results of operations.

Preferred Stock

The Company’s Articles of Incorporation provide authority to issue up to five million shares of preferred stock. No preferred shares are issued or outstanding.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions - Schedule of Selected Information as Filed with Insurance Regulatory Authorities for Our Insurance Subsidiaries (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Nodak Insurance [Member]
Nodak Insurance:
Statutory capital and surplus	$ 189,694	$ 176,783	$ 175,673
Statutory unassigned surplus	184,694	171,783	170,673
Statutory net income (loss)	8,492	7,839	(29,978)
American West[Member]
Nodak Insurance:
Statutory capital and surplus	16,315	15,423	14,957
Statutory unassigned surplus	10,314	9,422	8,956
Statutory net income (loss)	1,001	(38)	(3,228)
Primero [Member]
Nodak Insurance:
Statutory capital and surplus	9,056	8,585	8,677
Statutory unassigned surplus	(203)	(675)	(582)
Statutory net income (loss)	395	(136)	(1,211)
Battle Creek [Member]
Nodak Insurance:
Statutory capital and surplus	6,132	6,047	5,660
Statutory unassigned surplus	3,132	3,047	2,660
Statutory net income (loss)	162	146	(1,189)
Direct Auto [Member]
Nodak Insurance:
Statutory capital and surplus	36,875	32,843	32,054
Statutory unassigned surplus	33,875	29,843	29,054
Statutory net income (loss)	3,325	90	(6,074)
Westminster [Member]
Nodak Insurance:
Statutory capital and surplus		21,328	20,090
Statutory unassigned surplus		16,328	15,090
Statutory net income (loss)		$ 1,200	$ (3,861)

Unpaid Losses and Loss Adjustment Expenses - Schedule of Reconciliation of the Net Incurred and Paid Claims Development (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Liabilities for unpaid losses and loss adjustment expenses:
Total liabilities for unpaid losses and loss adjustment expenses	$ 137,288	$ 119,185	$ 114,296
Reinsurance recoverables on losses:
Total reinsurance recoverables on losses	12,561	$ 6,460	$ 8,586
Net liability for unpaid losses and loss adjustment expenses	124,727
Private passenger auto [Member]
Liabilities for unpaid losses and loss adjustment expenses:
Total liabilities for unpaid losses and loss adjustment expenses	28,103
Reinsurance recoverables on losses:
Total reinsurance recoverables on losses	2,358
Non-Standard auto [Member]
Liabilities for unpaid losses and loss adjustment expenses:
Total liabilities for unpaid losses and loss adjustment expenses	77,580
Reinsurance recoverables on losses:
Total reinsurance recoverables on losses
Home and farm [Member]
Liabilities for unpaid losses and loss adjustment expenses:
Total liabilities for unpaid losses and loss adjustment expenses	16,162
Reinsurance recoverables on losses:
Total reinsurance recoverables on losses	1,934
Crop [Member]
Liabilities for unpaid losses and loss adjustment expenses:
Total liabilities for unpaid losses and loss adjustment expenses	1,789
Reinsurance recoverables on losses:
Total reinsurance recoverables on losses	478
All other [Member]
Liabilities for unpaid losses and loss adjustment expenses:
Total liabilities for unpaid losses and loss adjustment expenses	13,654
Reinsurance recoverables on losses:
Total reinsurance recoverables on losses	$ 7,791

Income Taxes - Schedule of Components of Our Provision for Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current income tax expense (benefit)
Federal	$ (4,682)	$ 2,567	$ (11,280)
State	215	278	(2)
Total current	(4,467)	2,845	(11,282)
Deferred income tax expense (benefit)	1,275	(1,882)	(3,972)
Total income tax expense (benefit)	$ (3,192)	$ 963	$ (15,254)

Investments - Schedule of Net Investment Income for Continuing and Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Continuing operations:
Total gross investment income	$ 14,359	$ 11,139	$ 9,883
Investment expenses	3,416	3,105	3,247
Net investment income – continuing operations	10,943	8,034	6,636
Net investment income – discontinued operations	1,419	2,422	1,184
Net investment income	12,362	10,456	7,820
Fixed income securities [Member]
Continuing operations:
Total gross investment income	11,401	9,418	8,216
Equity securities [Member]
Continuing operations:
Total gross investment income	904	874	1,260
Real estate [Member]
Continuing operations:
Total gross investment income	355	391	384
Cash and cash equivalents [Member]
Continuing operations:
Total gross investment income	$ 1,699	$ 456	$ 23

Share-Based Compensation

12 Months Ended

Dec. 31, 2024

Share-Based Compensation [Abstract]

Share-Based Compensation

18. Share-Based Compensation

The NI Holdings, Inc. 2020 Stock and Incentive Plan (the “Plan”) is designed to promote the interests of the Company and its shareholders by aiding the Company in attracting and retaining employees, officers, consultants, independent contractors, advisors, and non-employee directors capable of assuring the future success of the Company, to offer such persons incentives to put forth maximum efforts for the success of the Company’s business and to afford such persons an opportunity to acquire an ownership interest in the Company, thereby aligning the interests of such persons with the Company’s shareholders.

The Plan provides for the grant of nonqualified stock options, incentive stock options, restricted stock units (“RSUs”), stock appreciation rights, dividend equivalents, and performance share units (“PSUs”) to employees, officers, consultants, advisors, non-employee directors, and independent contractors designated by the Compensation Committee of the Board of Directors (the “Compensation Committee”). Awards made under the Plan are based upon, among other things, a participant’s level of responsibility and performance within the Company.

The total aggregate number of shares of common stock that may be issued under the Plan shall not exceed 1,000,000 shares, subject to adjustments as provided in the Plan. No eligible participant may be granted any awards for more than 100,000 shares in the aggregate in any calendar year, subject to adjustment in accordance with the Plan. The aggregate amount payable pursuant to all performance awards denominated in cash to any eligible person in any calendar year is limited to $1,000 in value. Directors who are not also employees of the Company may not be granted awards denominated in shares that exceed $150 in any calendar year.

Restricted Stock Units

The Compensation Committee has awarded RSUs to non-employee directors and select executives. RSUs are promises to issue actual shares of common stock at the end of a vesting period. The RSUs granted to executives under the Plan are based on salary. RSUs granted prior to 2024 vest equally over a five-year period. Effective for executive grants in 2024, the RSUs vest equally over a three-year period. The RSUs granted to non-employee directors vest 100% on the date of the next annual meeting of shareholders following the grant date. Dividend equivalents on RSUs are accrued during the vesting period and paid in cash at the end of the vesting period but are subject to forfeiture until the underlying shares become vested. Participants do not have voting rights with respect to RSUs.

The Company recognizes stock-based compensation costs for RSUs based on the grant date fair value. The compensation costs are normally expensed over the vesting periods to each vesting date; however, the cost of RSUs granted to executives are expensed immediately if the executive has met certain retirement criteria and the RSUs become non-forfeitable. Estimated forfeitures are included in the determination of compensation costs. No forfeitures are currently estimated.

A summary of the Company’s outstanding and unearned RSUs is presented below:

	RSUs			Weighted-Average Grant-Date Fair Value Per Share
Units outstanding and unearned at January 1, 2022		108,380		$	16.86
RSUs granted during 2022		59,600			17.61
RSUs earned during 2022		(52,620	)		17.39
Units outstanding and unearned at December 31, 2022		115,360			17.00

RSUs granted during 2023		85,000			13.76
RSUs earned during 2023		(53,780	)		16.32
Units outstanding and unearned at December 31, 2023		146,580			15.37

RSUs granted during 2024		119,398			14.67
RSUs earned during 2024		(69,420	)		14.82
Forfeitures ⁽¹⁾		(92,160	)		15.18
Units outstanding and unearned at December 31, 2024		104,398		$	15.11

⁽¹⁾Represents RSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

The following table shows the impact of RSU activity to the Company’s financial results:

	Year Ended December 31,
	2024			2023			2022
RSU compensation expense	$	502		$	1,095		$	952
Income tax benefit		(113	)		(249	)		(216	)
RSU compensation expense, net of income taxes	$	389		$	846		$	736

Total grant-date fair value of vested RSUs at end of period	$	1,028		$	872		$	915

At December 31, 2024, there was $741 of unrecognized compensation cost related to outstanding RSUs. That cost is expected to be recognized over a weighted-average period of 1.83 years.

Performance Share Units

The Compensation Committee has awarded PSUs to select executives. PSUs are promises to issue actual shares of common stock at the end of a vesting period, if certain performance conditions are met. The PSUs granted to employees under the Plan are based on salary and, prior to 2024, include a three-year adjusted book value cumulative growth target with threshold and stretch goals. Effective for grants made in 2024, the performance metric is calculated based on an adjusted return on equity over a three-year period, with annual resets. They will vest on the third anniversary of the grant date, subject to the participant’s continuous employment through the vesting date and the level of performance achieved. Dividend equivalents on PSUs are accrued and paid in cash at the end of the performance period in accordance with the level of performance achieved but are subject to forfeiture until the underlying shares become vested. Participants do not have voting rights with respect to PSUs.

The Company recognizes stock-based compensation costs for PSUs based on the grant date fair value over the performance period of the awards. Estimated forfeitures are included in the determination of compensation costs. The current cost estimates represent the Company’s forecasted performance against cumulative growth targets.

A summary of the Company’s outstanding PSUs is presented below:

	PSUs			Weighted-Average Grant-Date Fair Value Per Share
Units outstanding at January 1, 2022		190,600		$	16.06
PSUs granted during 2022 (at target)		61,800			18.10
PSUs earned during 2022		(86,684	)		15.21
Performance adjustment ⁽¹⁾		31,200			15.21
Forfeitures		(6,916	)		15.21
Units outstanding at December 31, 2022		190,000			17.00

PSUs granted during 2023 (at target)		87,400			13.85
PSUs earned during 2023		—			—
Performance adjustment ⁽¹⁾		(63,600	)		14.26
Forfeitures		—			—
Units outstanding at December 31, 2023		213,800			16.53

PSUs granted during 2024 (at target)		79,800			14.19
PSUs earned during 2024		—			—
Performance adjustment ⁽¹⁾		(147,173	)		16.14
Forfeitures ⁽²⁾		(120,100	)		15.23
Units outstanding at December 31, 2024		26,327		$	17.50

⁽¹⁾ Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.

⁽²⁾ Represents PSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

The following table shows the impact of PSU activity to the Company’s financial results:

	Year Ended December 31,
	2024			2023			2022
PSU compensation expense (benefit)	$	(264	)	$	206		$	(1,022	)
Income tax benefit (expense)		60			(47	)		232
PSU compensation expense (benefit), net of income taxes	$	(204	)	$	159		$	(790	)

Total grant-date fair value of vested PSUs at end of period	$	—		$	—		$	1,319

The cost estimates for PSU grants represent initial target awards until we can reasonably forecast the financial performance of each PSU award grant. At the end of the performance period, we will reflect a performance adjustment, which may be either an increase or decrease from the initial target awards. The actual number of shares to be issued at the end of the performance period will range from 0% to 200% of the initial target awards. During the year ended December 31, 2024, the previously recognized compensation expense related to the PSU awards granted during 2024 was reduced as a result of a performance adjustment, and the compensation expense related to the PSU awards granted during 2023 was eliminated due to the Company's expectation that the threshold performance goal will not be met. During the year ended December 31, 2023, the previously recognized compensation expense related to the PSU awards granted during 2022 was eliminated due to the Company's expectation that the threshold performance goal will not be met. During the year ended December 31, 2022, the previously recognized compensation expense related to the PSU awards granted during 2020 and 2021 was eliminated due to the Company’s expectation that the threshold performance goal will not be met, and the compensation expense related to the PSU awards granted during 2022 was decreased to the threshold level due to Company’s expectations that the target goal will likely not be achieved.

At December 31, 2024, there was $255 of unrecognized compensation cost related to outstanding PSUs. That cost is expected to be recognized over a weighted-average period of 2.16 years.

Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Other Intangibles [Abstract]

Schedule of Goodwill and Related Impairment by Segment

The following table presents, on a consolidated basis, including both continuing and discontinued operations, the carrying amount of the Company’s goodwill and related impairment by segment:

	Year Ended December 31,
	2024								2023								2022
	Non- Standard Auto			Com- mercial		Total			Non- Standard Auto		Com- mercial			Total			Non- Standard Auto		Com- mercial		Total
Goodwill, beginning of year	$	2,628		$	—	$	2,628		$	2,628	$	6,756		$	9,384		$	2,628	$	6,756	$	9,384
Impairment recognized during the period		(2,628	)		—		(2,628	)		—		(6,756	)		(6,756	)		—		—		—
Goodwill, end of year	$	—		$	—	$	—		$	2,628	$	—		$	2,628		$	2,628	$	6,756	$	9,384

Schedule of 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

December 31, 2024	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization:
Continuing operations	$	—	$	—	$	—
Discontinued operations		—		—		—
Total subject to amortization		—		—		—

Not subject to amortization
Continuing operations		100		—		100
Discontinued operations		—		—		—
Total not subject to amortization	$	100	$	—	$	100

December 31, 2023	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization:
Continuing operations	$	248	$	248	$	—
Discontinued operations		7,200		1,689		5,511
Total subject to amortization		7,448		1,937		5,511

Not subject to amortization
Continuing operations		100		—		100
Discontinued operations		1,800		—		1,800
Total not subject to amortization	$	9,348	$	1,937	$	7,411

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment, presented on a consolidated basis, including both continuing and discontinued operations, consisted of the following:

	December 31,
	2024			2023			Estimated Useful Life
Cost:
Land	$	1,249		$	1,403		indefinite
Building and improvements		12,497			14,538		10 – 43 years
Electronic data processing equipment		1,444			1,441		5 – 7 years
Furniture and fixtures		2,762			2,953		5 – 7 years
Automobiles		1,280			1,319		2 – 3 years
Gross cost		19,232			21,654

Accumulated depreciation		(11,685	)		(11,757	)
Total property and equipment, net	$	7,547		$	9,897

Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations

Property and equipment for current and prior year continuing and discontinued operations consisted of the following:

	December 31, 2024
Cost:
Continuing operations	$	19,232
Discontinued operations		—
Total cost		19,232

Accumulated depreciation
Continuing operations		(11,685	)
Discontinued operations		—
Total accumulated depreciation		(11,685	)

Total property and equipment, net	$	7,547

	December 31, 2023
Cost:
Continuing operations	$	18,756
Discontinued operations		2,898
Total cost		21,654

Accumulated depreciation
Continuing operations		(11,304	)
Discontinued operations		(453	)
Total accumulated depreciation		(11,757	)

Total property and equipment, net	$	9,897

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Auditor [Table]
Auditor Name	Forvis Mazars, LLP
Auditor Firm ID	686
Auditor Location	New York
Auditor Opinion [Text Block]	Opinions on the Consolidated Financial Statements and Internal Control over Financial Reporting We have audited the accompanying consolidated balance sheet of NI Holdings, Inc. and Subsidiaries (the “Company”) as of December 31, 2024, and the consolidated statements of operations, comprehensive income (loss), changes in shareholders’ equity, and cash flows for the year ended December 31, 2024, and the schedule listed in Item 15(a)(2) (collectively referred to as the “consolidated financial statements”). We also have audited the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework: (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year ended, in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework: (2013) issued by COSO. We also have audited the adjustments to the Company’s 2023 and 2022 consolidated financial statements to retrospectively apply the change in accounting for (a) discontinued operations described in Note 3 and Note 20, and (b) the adoption of ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures described in Note 21. In our opinion, such adjustments are appropriate and have been properly applied. We were not engaged to audit, review, or apply any procedures to the 2023 or 2022 consolidated financial statements of the Company other than with respect to the adjustments, and, accordingly, we do not express an opinion or any other form of assurance on the 2023 or 2022 consolidated financial statements taken as a whole.
Mazars USA LLP
Auditor [Table]
Auditor Name	Mazars USA LLP
Auditor Firm ID	339
Auditor Location	Fort Washington, Pennsylvania
Auditor Opinion [Text Block]	Opinion on the Consolidated Financial Statements We have audited, before the effects of the adjustments to retrospectively apply the change in accounting for (a) discontinued operations described in Note 3 and Note 20, and (b) the adoption of ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures described in Note 21, the accompanying consolidated balance sheet of NI Holdings, Inc. and Subsidiaries (collectively, the “Company”) as of December 31, 2023, and the related consolidated statements of operations, comprehensive income (loss), changes in shareholders’ equity, and cash flows for each of the years in the two-year period ended December 31, 2023, and the related notes and the schedule listed in Item 15(a)(2) (collectively referred to as the “consolidated financial statements”). The consolidated financial statements, before the effects of the adjustments to retrospectively apply the change in accounting for (a) discontinued operations described in Note 3 and Note 20, and (b) the adoption of ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures described in Note 21, are not presented herein. In our opinion, the consolidated financial statements referred to above, before the effects of the adjustments to retrospectively apply the change in accounting for (a) discontinued operations described in Note 3 and Note 20, and (b) the adoption of ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures described in Note 21, present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. We were not engaged to audit, review, or apply any procedures to the adjustments to retrospectively apply the change in accounting for (a) discontinued operations described in Note 3 and Note 20, and (b) the adoption of ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures described in Note 21, and, accordingly, we do not express an opinion or any other form of assurance about whether such adjustments are appropriate and have been properly applied. Those adjustments were audited by Forvis Mazars, LLP.

Summary of Significant Accounting Policies and Basis of Presentation - Schedule of Consolidated Balance Sheets (Details) $ in Thousands	Jun. 30, 2024 USD ($)
As Reported [Member]
Schedule of Consolidated Balance Sheets [Line Items]
Accrued expenses and other liabilities	$ 24,368
Total liabilities	331,537
Retained earnings	197,827
Total shareholders’ equity	239,450
Adjustment [Member]
Schedule of Consolidated Balance Sheets [Line Items]
Accrued expenses and other liabilities	3,386
Total liabilities	3,386
Retained earnings	(3,386)
Total shareholders’ equity	(3,386)
As Restated [Member]
Schedule of Consolidated Balance Sheets [Line Items]
Accrued expenses and other liabilities	27,754
Total liabilities	334,923
Retained earnings	194,441
Total shareholders’ equity	$ 236,064

- Definition

Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.

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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
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Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 29: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

- Definition

Amount of accumulated undistributed earnings (deficit).

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

Line of Credit (Details) - USD ($) $ in Thousands	12 Months Ended
Line of Credit (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Line of Credit [Line Items]
Line of credit with wells fargo bank	$ 3,000
Floating interest rate	2.50%
Outstanding amount
Line of credit expiration date	Dec. 13, 2025

Share-Based Compensation - Schedule of RSU Activity (Details) - RSU [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of RSU Activity [Line Items]
RSU compensation expense	$ 502	$ 1,095	$ 952
Income tax benefit	(113)	(249)	(216)
RSU compensation expense, net of income taxes	389	846	736
Total grant-date fair value of vested RSUs at end of period	$ 1,028	$ 872	$ 915

Discontinued Operations (Details) - USD ($) $ in Thousands	Jun. 30, 2024	May 07, 2024
Discontinued Operations [Abstract]
Cash purchase price		$ 10,500
Post-closing adjustment amount		1,772
Purchase agreement net amount		$ 12,272
After tax loss	$ 11,148

Reinsurance - Schedule of Direct to Net Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Continuing and Discontinued Operations [Member]
Effects of Reinsurance [Line Items]
Direct losses and loss adjustment expenses	$ 249,344	$ 293,978	$ 333,397
Assumed losses and loss adjustment expenses	784	1,140	2,369
Ceded losses and loss adjustment expenses	(19,157)	(50,706)	(41,334)
Net losses and loss adjustment expenses	230,971	244,412	294,432
Continuing Operations [Member]
Effects of Reinsurance [Line Items]
Direct losses and loss adjustment expenses	220,991	195,138	255,187
Assumed losses and loss adjustment expenses	784	1,140	2,369
Ceded losses and loss adjustment expenses	(14,310)	(9,762)	(15,806)
Net losses and loss adjustment expenses	207,465	186,516	241,750
Discontinued Operations [Member]
Effects of Reinsurance [Line Items]
Direct losses and loss adjustment expenses	28,353	98,840	78,210
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses	(4,847)	(40,944)	(25,528)
Net losses and loss adjustment expenses	$ 23,506	$ 57,896	$ 52,682

Allowance for Expected Credit Losses

12 Months Ended

Dec. 31, 2024

Allowance for Expected Credit Losses [Abstract]

Allowance for Expected Credit Losses

19. Allowance for Expected Credit Losses

Premiums Receivable

Beginning on December 31, 2022, credit losses are recognized through an allowance account developed using the CECL model. The adoption of this guidance resulted in an allowance for expected credit losses of $425 for premiums and agents' balances receivable as of December 31, 2022. See Part II, Item 8, Note 2 “Recent Accounting Pronouncements” for additional information. The following table presents the balances of premiums and agents’ receivable balances, net of the allowance for expected credit losses as of December 31, 2024, and the changes in the allowance for expected credit losses for the year ended December 31, 2024.

	Year Ended December 31, 2024
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Continuing operations
Balance, beginning of period	$	56,154	$	394

Current period charge for expected credit losses				210
Write-offs of uncollectible premiums receivable				(267	)

Balance, end of period	$	52,907	$	337

	Year Ended December 31, 2024
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Discontinued operations
Balance, beginning of period	$	17,904	$	8

Current period charge for expected credit losses				4
Write-offs of uncollectible premiums receivable				(4	)
Westminster balances disposed in sale	$	16,030	$	(8	)

Balance, end of period	$	—	$	—

The following table presents the balances of premiums and agents’ receivable balances, net of the allowance for expected credit losses as of December 31, 2023, and the changes in the allowance for expected credit losses for the year ended December 31, 2023.

	Year Ended December 31, 2023
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Continuing operations
Balance, beginning of period	$	47,346	$	417

Current period charge for expected credit losses				327
Write-offs of uncollectible premiums receivable				(350	)

Balance, end of period	$	56,154	$	394

	Year Ended December 31, 2023
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Discontinued operations
Balance, beginning of period	$	14,827	$	8

Current period charge for expected credit losses				8
Write-offs of uncollectible premiums receivable				(8	)

Balance, end of period	$	17,904	$	8

Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2024

Deferred Policy Acquisition Costs [Abstract]

Deferred Policy Acquisition Costs

7. Deferred Policy Acquisition Costs

Expenses directly related to successfully acquired insurance policies, primarily commissions, premium taxes and underwriting costs, are deferred and amortized over the terms of the policies. We 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:

	Year Ended December 31,
	2024			2023			2022
Balance, beginning of year	$	34,120		$	29,768		$	24,947
Deferral of policy acquisition costs		79,363			87,343			71,624
Amortization of deferred policy acquisition costs		(79,185	)		(82,991	)		(66,803	)
Westminster balance disposed in sale		(7,998	)		—			—
Balance, end of year	$	26,300		$	34,120		$	29,768

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

	Year Ended December 31,
	2024			2023			2022
Continuing operations:
Balance, beginning of year	$	26,790		$	22,675		$	19,047
Deferral of policy acquisition costs		70,767			71,746			57,233
Amortization of deferred policy acquisition costs		(71,257	)		(67,631	)		(53,605	)
Balance, end of year	$	26,300		$	26,790		$	22,675

	Year Ended December 31,
	2024			2023			2022
Discontinued operations:
Balance, beginning of period	$	7,330			7,093			5,900
Deferral of policy acquisition costs		8,596			15,597			14,391
Amortization of deferred policy acquisition costs		(7,928	)		(15,360	)		(13,198	)
Westminster balance disposed in sale		(7,998	)		—			—
Balance, end of year	$	—		$	7,330		$	7,093

Royalties, Dividends, and Affiliations - Schedule of Impact of Including Battle Creek in our Consolidated Balance Sheets (Details) - Battle Creek [Member]
$ in Thousands

Dec. 31, 2023

USD ($)

Assets:

Cash and cash equivalents

$ 2,621

Investments

15,394

Premiums and agents’ balances receivable

5,953

Deferred policy acquisition costs

682

Reinsurance recoverables on losses

6,918

^[1]

Accrued investment income

Income tax recoverable

225

Deferred income taxes

706

Property and equipment

306

Other assets

Total assets

32,987

Liabilities:

Unpaid losses and loss adjustment expenses

4,276

Unearned premiums

3,269

Notes payable

3,000

^[2]

Pooling payable

5,932

^[2]

Reinsurance losses payable

13,275

^[1]

Accrued expenses and other liabilities

477

Total liabilities

30,229

Equity:

Non-controlling interest

2,758

Total equity

2,758

Total liabilities and equity

$ 32,987

[1]	Amount partly eliminated in consolidation.
[2]	Amount fully eliminated in consolidation.

Property and Equipment - Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations [Line Items]
Cost	$ 19,232	$ 21,654
Accumulated depreciation	(11,685)	(11,757)
Total property and equipment, net	7,547	9,897
Continuing operations [Member]
Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations [Line Items]
Cost	19,232	18,756
Accumulated depreciation	(11,685)	(11,304)
Discontinued operations [Member]
Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations [Line Items]
Cost		2,898
Accumulated depreciation		$ (453)

Summary of Significant Accounting Policies and Basis of Presentation

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies and Basis of Presentation [Abstract]

Summary of Significant Accounting Policies and Basis of Presentation

3. Summary of Significant Accounting Policies and Basis of Presentation

Basis of Consolidation

Our consolidated financial statements, which we have prepared in accordance with GAAP, include our accounts and those of our wholly-owned subsidiaries, including Battle Creek, which was consolidated as a variable interest entity (“VIE”) with an associated non-controlling interest prior to January 2, 2024. We have eliminated all significant intercompany accounts and transactions in consolidation.

Use of Estimates

In preparing our consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet, and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates.

We make estimates and assumptions that can have a significant effect on amounts and disclosures we report in our consolidated financial statements. The most significant estimates relate to our reserves for unpaid losses and loss adjustment expenses, earned premiums for crop insurance, valuation of investments, determination of credit impairments, valuation allowances for deferred income tax assets, deferred policy acquisition costs, as well as valuation and impairments of goodwill and other intangible assets. While we believe our estimates are appropriate, the ultimate amounts may differ from the estimates provided. We regularly review our methods for making these estimates as well as the continued appropriateness of the estimated amounts, and we reflect any adjustment we consider necessary in our current results of operations.

Variable-Interest Entities

Any company deemed to be a VIE is required to be consolidated by the primary beneficiary of the VIE.

We assess our investments in other entities at inception to determine if any meet the qualifications of a VIE. We consider an investment in another company to be a VIE if: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (b) the characteristics of a controlling financial interest are missing (either the ability to make decisions through voting or other rights, the obligation to absorb expected losses of the entity, or the right to receive the expected residual returns of the entity), or (c) the voting rights of the equity holders are not proportional to their obligations to absorb the expected losses of the entity and/or the rights to receive the expected residual returns of the entity, and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Upon the occurrence of certain events, we would reassess our initial determination of whether the investment is a VIE.

We evaluate whether we are the primary beneficiary of each VIE and we consolidate the VIE if we have both (1) the power to direct the economically significant activities of the entity and (2) the obligation to absorb losses of, or the right to receive benefits from, the entity. We consider the contractual agreements that define the ownership structure, distribution of profits and losses, risks, responsibilities, indebtedness, voting rights, and board representation of the respective parties in determining whether we qualify as the primary beneficiary. Our assessment of whether we are the primary beneficiary of a VIE is performed at least annually.

Cash and Cash Equivalents

Cash and cash equivalents include cash, money market accounts, and certain investments in highly liquid debt instruments. Cost approximates fair value for these short-term investments.

Investments

The Company’s fixed income securities and equity securities are classified as available-for-sale and carried at estimated fair value as determined by management based upon quoted market prices or a recognized independent pricing service at the reporting date for those or similar investments. Changes in unrealized investment gains or losses on the fixed income securities, net of applicable income taxes, are reflected directly in shareholders’ equity as a component of other comprehensive income (loss) and, accordingly, have no effect on net income (loss). Changes in unrealized investment gains or losses on equity securities are reported in net income (loss). Investment income from fixed income securities is recognized when earned, and realized investment gains (losses) are recognized when investments are sold, the fair value of equity securities change, or credit impairments are recognized.

Fair values are based on quoted market prices or independent pricing services, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Amortization of premium and accretion of discount are computed using the effective interest method. Net investment income includes interest and dividend income together with amortization of purchase premiums and discounts and is net of investment management and custody fees. Realized gains and losses on investments are determined using the specific identification method and are included in net investment gains (losses), along with the change in unrealized gains and losses on equity securities. Other invested assets that do not have observable inputs and little or no market activity are carried on a cost basis, which approximates fair value. The carrying value of these other invested assets was $1,812 at December 31, 2024 and $2,006 at December 31, 2023.

Beginning on December 31, 2022, credit losses are recognized through an allowance account. See Part II, Item 8, Note 2 “Recent Accounting Pronouncements” for additional information. We, along with our investment advisors, frequently review our investment portfolio for declines in fair value that could be indicative of credit losses. The available-for-sale impairment model requires an

estimate of expected credit losses only when the fair value of the available-for-sale fixed income security is below its amortized cost basis. The Company considers a number of factors when determining if an allowance for credit losses is necessary including payment and default history, credit spreads, credit ratings and rating actions, and probability of default. The Company determines the credit loss component of fixed income securities by utilizing discounted cash flow modeling to determine the present value of the security and comparing the present value with the amortized cost of the security. If the amortized cost is greater than the present value of the expected cash flows, the difference is considered a credit loss and recognized as an impairment loss in net realized investment gains (losses). Credit impairments are recognized as an allowance on the Consolidated Balance Sheet with a corresponding adjustment to earnings.

For fixed income securities that the Company does not intend to sell or for which it is more likely than not that the Company would not be required to sell before an anticipated recovery in value, the Company separates the credit loss component of the impairment from the amount related to all other factors and reports the credit loss component in net realized investment gains (losses). The impairment related to all other factors (non-credit factors) is reported in other comprehensive income. The allowance is adjusted for any additional credit losses and subsequent recoveries. Upon recognizing a credit loss, the cost basis is not adjusted.

For fixed income securities that the Company intends to sell or for which it is more likely than not that the Company will be required to sell before an anticipated recovery in value, the full amount of the impairment is included in net investment gains (losses). The new cost basis of the investment is the previous amortized cost basis less the impairment recognized in net investment gains (losses). The new cost basis is not adjusted for any subsequent recoveries in fair value.

The Company reports investment income accrued separately from fixed income investments, available for sale, and has elected not to measure an allowance for credit losses for investment income accrued. Investment income accrued is written off through net realized investment gains (losses) at the time the issuer of the bond defaults or is expected to default on payments.

For more information on investment valuation measurements, see Part II, Item 8, Note 5 “Fair Value Measurements.”

Revenue Recognition

We record premiums written at policy inception and recognize them as revenue on a pro rata basis over the policy term or, in the case of crop insurance, over the period of risk. The portion of premiums that could be earned in the future is deferred and reported as unearned premiums. When policies lapse, the Company reverses the unearned portion of the written premium and removes the applicable unearned premium. Policy-related fee income is recognized when collected.

The period of risk for our crop insurance program, which is comprised of primarily spring-planted crops, typically runs from April 1 (the approximate time when farmers can begin to work their fields) through December 15 (last date claims can be made for the most recent planting season).

Premiums and Agents’ Balances Receivable

Premiums and agents’ balances receivable include both direct and agent billed premiums as well as crop notes receivable related to the multi-peril crop and crop hail insurance.

Accounts billed directly to the policyholder are provided grace payment and cancellation notice periods per state insurance regulations.

Direct Auto also provides for agency billing for a portion of their agents. Accounts billed to agents are due within 60 days of the statement date. The agent is responsible for all past due balances. As part of its agent appointment, Direct Auto requires a personal guarantee for all balances due to Direct Auto from the principal of the contracted agency.

Beginning on December 31, 2022, the premium and agents’ receivable balances are reported net of an allowance for expected credit losses. See Part II, Item 8, Note 2 “Recent Accounting Pronouncements” for additional information. We recognized $425 of credit losses for these receivables at the time of adoption of CECL. Therefore, there was no beginning balance of credit losses as of January 1, 2022, and all 2022 activity was the result of adoption. As a result of the transition from the previous accounting treatment, we did not record a cumulative effect adjustment to retained earnings at the time of adoption. Given the nature of these receivables, the Company has elected to use a loss-rate method to determine the expected credit losses. The allowance is based upon the Company’s ongoing review of amounts outstanding and write-offs. Management may also evaluate current economic conditions and reasonable/supportable forecasts to adjust this calculation as deemed necessary.

Policy Acquisition Costs

We defer our policy acquisition costs, consisting primarily of commissions, premium taxes, and certain other underwriting costs, reduced by ceding commissions, which vary with and relate directly to the production of business. We amortize these deferred policy acquisition costs over the period in which we earn the premiums. The method we follow in computing deferred policy acquisition costs limits the amount of such deferred costs to their estimated realizable value, which gives effect to the premium to be earned, related investment income, losses and loss adjustment expenses, and certain other costs we expect to incur as we earn the premium.

Property and Equipment

We report property and equipment at cost less accumulated depreciation. Depreciation is typically computed using the straight-line method based upon estimated useful lives of the assets.

Losses and Loss Adjustment Expenses

Liabilities for unpaid losses and loss adjustment expenses are estimates at a given point in time of the amounts we expect to pay with respect to policyholder claims based on facts and circumstances then known. At the time of establishing our estimates, we recognize that our ultimate liability for losses and loss adjustment expenses may differ from these estimates. We base our estimates of liabilities for unpaid losses and loss adjustment expenses on assumptions as to future loss trends, expected claims severity, judicial theories of liability, and other factors. During the loss adjustment period, we may learn additional facts regarding certain claims, and, consequently, it often becomes necessary for us to refine and adjust our estimates of the liability. We reflect any adjustments to our liabilities for unpaid losses and loss adjustment expenses in our operating results in the period in which we determine the need for a change in the estimates.

We maintain liabilities for unpaid losses and loss adjustment expenses with respect to both reported and unreported claims. We establish these liabilities for the purpose of covering the ultimate costs of settling all losses incurred through the reporting date, including investigation and litigation costs. We base the amount of our liability for reported losses primarily upon a case-by-case evaluation of the type of risk involved, knowledge of the circumstances surrounding each claim, and the insurance policy provisions relating to the type of loss our policyholder incurred. We determine the amount of our liability for unreported losses and loss adjustment expenses on the basis of historical information by line of insurance. Inflation is not explicitly selected in the loss reserve analysis. However, historical inflation is embedded in the estimated loss development factors. We closely monitor our liabilities and update them periodically using new information on reported claims and a variety of statistical techniques. We do not discount our liabilities for unpaid losses and loss adjustment expenses.

Reserve estimates can change over time because of unexpected changes in assumptions related to our external environment and, to a lesser extent, assumptions as to our internal operations. Assumptions related to our external environment include the potential impact of significant changes in tort law and the legal environment which may impact liability exposure, the trends in judicial interpretations of insurance coverage and policy provisions, and the rate of loss cost inflation. Internal assumptions include consistency in the recording of premium and loss data, consistency in the recording of claims, payment and case reserving methodologies, accurate measurement of the impact of rate changes and changes in policy provisions, consistency in the quality and characteristics of business written within a given line of business, and consistency in reinsurance coverage and collectability of reinsured losses, among other items. To the extent we determine that underlying factors impacting our assumptions have changed, we attempt to make appropriate adjustments for such changes in our reserves. Accordingly, our ultimate liability for unpaid losses and loss adjustment expenses will likely differ from the amount recorded.

Income Taxes

Insurance companies typically pay state premium taxes rather than state income taxes. However, Direct Auto is subject to state income taxes in the state of Illinois, in addition to state premium taxes. Additionally, NI Holdings, on a stand-alone basis, pays state income taxes to the state of North Dakota for income or losses generated as a separate financial entity. State premium taxes are included as a part of amortization of deferred policy acquisition costs. State income taxes are reported along with federal income taxes as income tax expense (benefit).

The Company did not have any material uncertain tax positions as of December 31, 2024 and 2023. The Company’s policy is to recognize tax-related interest and penalties accrued related to unrecognized benefits as a component of income tax expense. The Company did not recognize any tax-related interest and penalties, nor did it have any tax-related interest or penalties accrued as of December 31, 2024 and 2023.

We account for deferred income taxes using the asset and liability method. The objective of the asset and liability method is to establish deferred income tax assets and liabilities for the temporary differences between the financial reporting basis and the income

tax basis of our assets and liabilities at enacted tax rates expected to be in effect when we realize or settle such amounts.

We re-measure existing deferred income tax assets (including loss carryforwards) and liabilities when a change in tax rate occurs and record an offset for the net amount of the change as a component of income tax expense from continuing operations in the period of enactment. We also record any change to a previously recorded valuation allowance as a result of re-measuring existing temporary differences and loss carryforwards as a component of income tax expense from continuing operations.

The Company has elected to reclassify any tax effects stranded in accumulated other comprehensive income as a result of a change in income tax rates to retained earnings.

Earnings Per Share

Earnings per share are computed by dividing net income available to common shareholders for the period by the weighted average number of common shares outstanding for the same period. Unearned shares related to the Company’s ESOP are not considered outstanding until they are released and allocated to plan participants. Unearned shares related to the Company’s Restricted Stock Units (“RSUs”) and Performance Share Units (“PSUs”) are not considered outstanding until they are earned by award participants. See Part II, Item 8, Note 12 “Benefit Plans” and Note 18 “Share-Based Compensation.”

Credit Risk

Our primary investment objective is to earn competitive returns by investing in a diversified portfolio of securities. Our portfolio of fixed income securities and, to a lesser extent, short-term investments, is subject to credit risk. We define this risk as the potential loss in fair value resulting from adverse changes in the borrower’s ability to repay the debt. We manage this risk by performing an analysis of prospective investments and through regular reviews of our portfolio by our management team and investment advisors. We also limit the amount of our total investment portfolio that we invest in any one security.

Property and liability insurance coverages are marketed through captive agents in North Dakota and through independent insurance agencies located throughout all other operating areas. All business, except for the majority of Direct Auto’s business, is billed directly to the policyholders.

We maintain cash balances primarily at one bank, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250. During the normal course of business, balances are maintained above the FDIC insurance limit. The Company maintains short-term investment balances in investment grade money market accounts that are insured by the Securities Investor Protection Corporation (“SIPC”) up to $500. During the normal course of business, balances for these accounts are often maintained in excess of the SIPC insurance limit.

Reinsurance

The Company limits the maximum net loss that can arise from large risks or risks in concentrated areas of exposure by reinsuring (ceding) certain levels of risks to reinsurers, either on an automatic basis under general reinsurance contracts known as treaties or through facultative contracts placed on substantial individual risks. Ceded reinsurance is treated as the risk and liability of the assuming companies.

The ceding of insurance does not legally discharge us from primary liability under our policies, and we must pay the loss if the reinsurer fails to meet its obligation.

Amounts recoverable from reinsurers are estimated in a manner consistent with the associated claim liability. Beginning on December 31, 2022, credit losses are recognized through an allowance account developed using the CECL model. See Part II, Item 8, Note 2 “Recent Accounting Pronouncements” for additional information. The allowance is based upon the Company’s ongoing review of amounts outstanding, length of collection periods, changes in reinsurer credit standing, disputes, applicable coverage defenses and other relevant factors. Management has concluded that it is not necessary to record an allowance for expected credit losses related to reinsurance recoverables. All of our significant reinsurance partners are rated “A-” (Excellent) or better by AM Best, and there is no history of write-offs.

Goodwill and Other Intangibles

Goodwill assets arise from business combinations and consist of the excess of the fair value of consideration paid over the tangible and intangible assets acquired and liabilities assumed. We evaluate goodwill and other intangible assets for impairment on an annual basis or more frequently if events or changes in circumstances indicate that it is more likely than not that the carrying amount of goodwill and other intangible assets may exceed their fair value.

When performing our goodwill impairment analyses, we typically first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In making our assessment, we evaluate a number of factors including operating results, key changes in the reporting unit, business plans, macroeconomic conditions, and industry considerations. Inherent uncertainties exist with respect to these factors and to our judgment in applying them when we make our assessment, and impairment of goodwill and other intangibles could result from changes in economic and operating conditions in future periods. We may also choose to bypass the qualitative assessment in any period for any reporting unit and proceed directly to performing the quantitative assessment.

If our qualitative assessment indicates it is more likely than not that the fair value of a reporting unit is less than its carrying amount or we choose to bypass the qualitative assessment, we will perform a quantitative assessment that compares the reporting unit’s carrying value with its estimated fair value. The determination of the fair value of our reporting units is based a market approach that considers benchmark company market multiples, an income approach that utilizes discounted cash flows, or another generally accepted method. The cash flows used to determine fair value are dependent on a number of significant management assumptions such as our expectations of future performance and the expected future economic environment, which are partly based upon our historical experience. Our estimates are subject to change given the inherent uncertainty in predicting future results. While we believe such assumptions and estimates are reasonable, the actual results may differ materially from the projected amounts. Should the carrying value exceed the estimated fair value, a goodwill impairment charge will be recognized in the amount by which the reporting unit’s carrying amount exceeds its fair value, not to exceed the total goodwill assigned to the reporting unit.

For the goodwill arising from the acquisition of Primero in 2014, we determined that it was appropriate to perform a quantitative assessment during the fourth quarter of 2024. Based on our quantitative assessment as described above, we concluded that the goodwill related to Primero was fully impaired as of December 31, 2024, primarily due to Primero’s expected future performance being well below initial projections and expectations as a result of strategic initiatives. We did not record any impairments of goodwill for this reporting unit during the years ended December 31, 2023 or 2022.

For the goodwill arising from the acquisition of Westminster in 2020, we determined that it was appropriate to perform a quantitative assessment during the fourth quarter of 2023. Based on our quantitative assessment as described above, we concluded that the goodwill related to Westminster was fully impaired as of December 31, 2023, primarily due to Westminster’s actual and expected future performance being well below initial projections and expectations. We did not record any impairments of goodwill for this reporting unit during the year ended December 31, 2022.

Intangible assets arising from the acquisition of Direct Auto in 2018 represent the estimated fair values of certain intangible assets, including a favorable lease contract, a state insurance license, the value of the Direct Auto trade name, and the value of business acquired (“VOBA”). The state insurance license asset has an indefinite life, while the Direct Auto trade name was amortized over five years from the August 31, 2018 acquisition/valuation date. The favorable lease contract and VOBA assets have been fully amortized. We did not record any impairments of the intangible assets for this reporting unit during the years ended December 31, 2024, 2023 or 2022.

Other intangible assets arising from the acquisition of Westminster represented the estimated fair values of certain intangible assets, including state insurance licenses, the value of Westminster’s distribution network, the value of the Westminster trade name, and the VOBA. The state insurance license asset had an indefinite life, while the distribution networks asset and Westminster trade name were being amortized over twenty years and ten years, respectively, from the January 1, 2020 acquisition/valuation date until the date of sale on June 30, 2024. The VOBA asset had been fully amortized at the date of the sale of Westminster. We did not record any impairments of the other intangible assets for this reporting unit during the years ended December 31, 2023 or 2022.

Discontinued Operations

On May 7, 2024, NI Holdings entered into a Stock Purchase Agreement (“Purchase Agreement”) to sell its subsidiary, Westminster, to Scott Insurance Holdings, a privately owned Maryland limited liability company. Scott Insurance Holdings is affiliated with John Scott, Sr., the father of the president of Westminster, John Scott, Jr. The sale closed on June 30, 2024. The Purchase Agreement included a cash purchase price of $10,500, subject to certain post-closing adjustments, including a post-closing payment to NI Holdings for the amount by which the ending statutory surplus balance for Westminster exceeded $20,000. The post-closing payment received from Scott Insurance Holdings during the third quarter of 2024 was $1,772 and has been included as an adjustment to the purchase price for the calculation of the loss on the sale of Westminster. The sale of Westminster, which represented the majority of our Commercial segment in prior periods, was a strategic shift that has had a major effect on our operations and financial results. Therefore, Westminster has been reported as discontinued operations in the Consolidated Balance Sheets, Consolidated Statements of Operations, and Consolidated Statements of Cash Flows for all periods presented in this 2024 Annual Report. All current and prior periods reflected in this 2024 Annual Report have been presented as continuing and discontinued operations, unless otherwise noted. For additional information see Part II, Item 8, Note 20 “Discontinued Operations” of this 2024 Annual Report.

Restatement

NI Holdings filed Amendment No. 1 to our Quarterly Report on Form 10-Q/A to amend certain information included in the Company's Quarterly Report on Form 10-Q for the three- and six-month periods ended June 30, 2024, which was filed with the SEC on August 8, 2024, due to errors resulting from the incorrect accounting for, and presentation of, the previously announced sale of Westminster. Specifically, the Company failed to record certain receivables on Westminster’s closing balance sheet as well as the corresponding payable for Nodak Insurance for amounts owed to Westminster related to the final settlement of the intercompany reinsurance pooling agreement after the date of sale. Failure to include this receivable in Westminster’s closing net assets and liabilities also caused an understatement of the loss on sale of discontinued operations, which also understated the Company’s total net loss. The impact of the corrections related to this error on the consolidated financial statements as of and for the three- and six-month periods ended June 30, 2024, are as follows:

Consolidated Balance Sheets (Unaudited)

	As of June 30, 2024
	As Reported		Adjustment			As Restated
Accrued expenses and other liabilities	$	24,368	$	3,386		$	27,754
Total liabilities	$	331,537	$	3,386		$	334,923
Retained earnings	$	197,827	$	(3,386	)	$	194,441
Total shareholders’ equity	$	239,450	$	(3,386	)	$	236,064

Consolidated Statements of Operations (Unaudited)

	Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Loss on sale of discontinued operations, net of taxes	$	(7,762	)	$	(3,386	)	$	(11,148	)	$	(7,762	)	$	(3,386	)	$	(11,148	)
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)

Loss per common share:
Basic	$	(0.77	)	$	(0.17	)	$	(0.94	)	$	(0.47	)	$	(0.16	)	$	(0.63	)
Diluted	$	(0.77	)	$	(0.17	)	$	(0.94	)	$	(0.47	)	$	(0.16	)	$	(0.63	)

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

	Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Comprehensive loss	$	(16,950	)	$	(3,386	)	$	(20,336	)	$	(11,931	)	$	(3,386	)	$	(15,317	)

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

	As of and for the Three Months Ended June 30, 2024									As of and for the Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Retained earnings	$	197,827		$	(3,386	)	$	194,441		$	197,827		$	(3,386	)	$	194,441
Total shareholders’ equity	$	239,450		$	(3,386	)	$	236,064		$	239,450		$	(3,386	)	$	236,064

Consolidated Statements of Cash Flows (Unaudited)

	Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated
Net income (loss)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Net cash flows from operating activities – loss on sale of discontinued operations	$	15,865		$	3,386		$	19,251
Total adjustments	$	43,065		$	3,386		$	46,451

The notes to the consolidated financial statements as well as Management’s Discussion and Analysis of Financial Condition and Results of Operations were also amended as necessary as a result of the restatements outlined above.

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Income Taxes

14. Income Taxes

The components of our provision for income tax expense (benefit) were as follows:

	Year Ended December 31,
	2024			2023			2022
Current income tax expense (benefit)
Federal	$	(4,682	)	$	2,567		$	(11,280	)
State		215			278			(2	)
Total current		(4,467	)		2,845			(11,282	)
Deferred income tax expense (benefit)		1,275			(1,882	)		(3,972	)
Total income tax expense (benefit)	$	(3,192	)	$	963		$	(15,254	)

	Year Ended December 31,
	2024			2023			2022
Loss before income taxes	$	(9,056	)	$	(4,263	)	$	(69,029	)

Expected provision for federal income taxes at 21%	$	(1,902	)	$	(895	)	$	(14,496	)

State income taxes, net of federal impact		277			90			(2	)
Tax-exempt interest		(130	)		(204	)		(187	)
Dividends received deduction		(104	)		(118	)		(147	)
Section 832(b)(5)(B) proration amount		26			77			78
Compensation-related expenses		892			27			213
Westminster sale/goodwill impairment		(2,661	)		1,419			—
Demutualization of Battle Creek		793			—			—
Research and development credit		—			(59	)		(70	)
Change in valuation allowance		2,035			(189	)		(314	)
State carryovers		(2,412	)		—			—
Other		(6	)		815			(329	)
Total income tax expense (benefit)	$	(3,192	)	$	963		$	(15,254	)

Reconciliation of consolidated federal income tax expense (benefit) from:
Continuing operations	$	3,545		$	716		$	(14,191	)
Discontinued operations		(405	)		247			(1,063	)
Loss on sale of discontinued operations		(6,332	)		—			—
Consolidated federal income tax expense (benefit)	$	(3,192	)	$	963		$	(15,254	)

We re-measure existing deferred income tax assets (including loss carryforwards) and liabilities when a change in tax rate occurs and record an offset for the net amount of the change as a component of income tax expense (benefit) from continuing operations in the period of enactment. We record any change to a previously recorded valuation allowance as a result of re-measuring existing temporary differences and loss carryforwards as a component of income tax expense (benefit) from continuing operations. The valuation allowance against certain deferred income tax assets was $2,506, $505, and $694 at December 31, 2024, 2023, and 2022, respectively.

	December 31,
	2024			2023
Deferred income tax assets:
Unearned premium	$	5,749		$	7,371
Unpaid losses and loss adjustment expenses		1,286			1,681
Net unrealized losses on investments		4,762			6,421
Loss carryovers		2,506			851
Deferred compensation		603			579
Other		1,040			1,269
Total deferred income tax assets		15,946			18,172

Deferred income tax liabilities:
Deferred policy acquisition costs		5,976			7,693
Intangibles		—			1,243
Other		140			318
Total deferred income tax liabilities		6,116			9,254

Net deferred income tax asset		9,830			8,918

Valuation allowance		(2,506	)		(505	)
Deferred income tax asset, net	$	7,324		$	8,413

At December 31, 2024 and 2023, we had no unrecognized tax benefits, no accrued interest and penalties, and no significant uncertain tax positions. No interest and penalties were recognized during the years ended December 31, 2024, 2023, or 2022.

At December 31, 2024 and 2023, the Company had no income tax related carryforwards for alternative minimum tax credits or capital losses.

At December 31, 2024, the Company had $2.5 million in state net operating loss deferred tax assets, all of which are offset by a valuation allowance due to the Company’s judgment that it is more likely than not that it will be unable to realize the benefits.

Battle Creek, which was required to file its federal income tax returns on a stand-alone basis until the demutualization on January 2, 2024, had net operating loss carryforwards of $3,756 and $3,963 at December 31, 2023 and 2022, respectively. Subsequent to the demutualization, Battle Creek will be included in the NI Holdings consolidated tax return. As a result of the demutualization, the Battle Creek net operating loss carryforwards were written off in 2024 as they will not be available to offset income within the NI Holdings consolidated tax return, and the $505 associated valuation allowance was no longer necessary.

Westminster, which became part of the Company’s consolidated federal income tax return beginning in 2020, had $1,270 of net operating loss carryforward at December 31, 2022. This net operating loss carryforward expired in 2023.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies and Basis of Presentation [Abstract]

Basis of Consolidation

Basis of Consolidation

Use of Estimates

Use of Estimates

Variable-Interest Entities

Variable-Interest Entities

Any company deemed to be a VIE is required to be consolidated by the primary beneficiary of the VIE.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include cash, money market accounts, and certain investments in highly liquid debt instruments. Cost approximates fair value for these short-term investments.

Investments

Investments

For more information on investment valuation measurements, see Part II, Item 8, Note 5 “Fair Value Measurements.”

Revenue Recognition

Revenue Recognition

Premiums and Agents’ Balances Receivable

Premiums and Agents’ Balances Receivable

Premiums and agents’ balances receivable include both direct and agent billed premiums as well as crop notes receivable related to the multi-peril crop and crop hail insurance.

Accounts billed directly to the policyholder are provided grace payment and cancellation notice periods per state insurance regulations.

Policy Acquisition Costs

Policy Acquisition Costs

Property and Equipment

Property and Equipment

We report property and equipment at cost less accumulated depreciation. Depreciation is typically computed using the straight-line method based upon estimated useful lives of the assets.

Losses and Loss Adjustment Expenses

Losses and Loss Adjustment Expenses

Income Taxes

Income Taxes

tax basis of our assets and liabilities at enacted tax rates expected to be in effect when we realize or settle such amounts.

The Company has elected to reclassify any tax effects stranded in accumulated other comprehensive income as a result of a change in income tax rates to retained earnings.

Earnings Per Share

Earnings Per Share

Credit Risk

Credit Risk

Reinsurance

Reinsurance

The ceding of insurance does not legally discharge us from primary liability under our policies, and we must pay the loss if the reinsurer fails to meet its obligation.

Goodwill and Other Intangibles

Goodwill and Other Intangibles

Discontinued Operations

Discontinued Operations

Restatement

Restatement

Consolidated Balance Sheets (Unaudited)

	As of June 30, 2024
	As Reported		Adjustment			As Restated
Accrued expenses and other liabilities	$	24,368	$	3,386		$	27,754
Total liabilities	$	331,537	$	3,386		$	334,923
Retained earnings	$	197,827	$	(3,386	)	$	194,441
Total shareholders’ equity	$	239,450	$	(3,386	)	$	236,064

Consolidated Statements of Operations (Unaudited)

	Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Loss on sale of discontinued operations, net of taxes	$	(7,762	)	$	(3,386	)	$	(11,148	)	$	(7,762	)	$	(3,386	)	$	(11,148	)
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)

Loss per common share:
Basic	$	(0.77	)	$	(0.17	)	$	(0.94	)	$	(0.47	)	$	(0.16	)	$	(0.63	)
Diluted	$	(0.77	)	$	(0.17	)	$	(0.94	)	$	(0.47	)	$	(0.16	)	$	(0.63	)

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

	Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Comprehensive loss	$	(16,950	)	$	(3,386	)	$	(20,336	)	$	(11,931	)	$	(3,386	)	$	(15,317	)

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

	As of and for the Three Months Ended June 30, 2024									As of and for the Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Net loss	$	(16,236	)	$	(3,386	)	$	(19,622	)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Retained earnings	$	197,827		$	(3,386	)	$	194,441		$	197,827		$	(3,386	)	$	194,441
Total shareholders’ equity	$	239,450		$	(3,386	)	$	236,064		$	239,450		$	(3,386	)	$	236,064

Consolidated Statements of Cash Flows (Unaudited)

	Six Months Ended June 30, 2024
	As Reported			Adjustment			As Restated
Net income (loss)	$	(9,817	)	$	(3,386	)	$	(13,203	)
Net cash flows from operating activities – loss on sale of discontinued operations	$	15,865		$	3,386		$	19,251
Total adjustments	$	43,065		$	3,386		$	46,451

Common and Preferred Stock (Details) - USD ($) $ in Thousands		12 Months Ended
	Aug. 16, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	May 09, 2022	Aug. 11, 2021
Common and Preferred Stock [Line Items]
Weighted average excluded from net loss per diluted common shares		120,626	76,532	155,463
Stock repurchase, authorized amount (in Dollars)			$ 734	$ 3,446	$ 1,554		$ 5,000
Shares repurchased			548,549
Excise tax amount (in Dollars)			$ 7,278
Remains authorization (in Dollars)		$ 2,052
Excise tax rate	1.00%	1.00%
Preferred share authority to issue		5,000,000
Preferred shares issued		0
Preferred shares outstanding		0
Board of Directors [Member]
Common and Preferred Stock [Line Items]
Stock repurchase, authorized amount (in Dollars)						$ 10,000
Common Stock [Member]
Common and Preferred Stock [Line Items]
Shares repurchased			54,223
Common Stock [Member]
Common and Preferred Stock [Line Items]
Shares repurchased				214,937	81,095

Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Investments [Abstract]
Fixed income securities with a fair value	$ 5,634	$ 6,403

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2024

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Abstract]

Schedule of Selected Information as Filed with Insurance Regulatory Authorities for Our Insurance Subsidiaries

	2024			2023			2022
Nodak Insurance:
Statutory capital and surplus	$	189,694		$	176,783		$	175,673
Statutory unassigned surplus		184,694			171,783			170,673
Statutory net income (loss)		8,492			7,839			(29,978	)

American West:
Statutory capital and surplus		16,315			15,423			14,957
Statutory unassigned surplus		10,314			9,422			8,956
Statutory net income (loss)		1,001			(38	)		(3,228	)

Primero:
Statutory capital and surplus		9,056			8,585			8,677
Statutory unassigned surplus		(203	)		(675	)		(582	)
Statutory net income (loss)		395			(136	)		(1,211	)

Battle Creek:
Statutory capital and surplus		6,132			6,047			5,660
Statutory unassigned surplus		3,132			3,047			2,660
Statutory net income (loss)		162			146			(1,189	)

Direct Auto:
Statutory capital and surplus		36,875			32,843			32,054
Statutory unassigned surplus		33,875			29,843			29,054
Statutory net income (loss)		3,325			90			(6,074	)

Westminster:
Statutory capital and surplus		—			21,328			20,090
Statutory unassigned surplus		—			16,328			15,090
Statutory net income (loss)		—			1,200			(3,861	)

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details

Discontinued Operations - Schedule of Assets and Liabilities Associated with Discontinued Operations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents		$ 15,656
Fixed income securities, at fair value		58,332
Equity securities, at fair value		5,784
Total cash and investments		79,772
Premiums and agents’ balances receivable		17,904
Deferred policy acquisition costs		7,330
Reinsurance premiums receivable		5,464
Reinsurance recoverables on losses		42,509
Accrued investment income		438
Property and equipment, net		2,445
Deferred income taxes		(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

Share-Based Compensation - Schedule of PSU Activity (Details) - PSU [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of PSU Activity [Line Items]
PSU compensation expense (benefit)	$ (264)	$ 206	$ (1,022)
Income tax benefit (expense)	60	(47)	232
PSU compensation expense (benefit), net of income taxes	(204)	159	(790)
Total grant-date fair value of vested PSUs at end of period			$ 1,319

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Payment to Dividend	$ 8,273
Nodak Insurance Company [Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Payment to Dividend
North Dakota Insurance Department [Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Payment to Dividend	8,273
Amount available for payment of dividends	3,146
Board of Directors Chairman [Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Dividend paid			$ 3,000
Direct Auto [Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Dividend paid
American West[Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Amounts available for distribution of dividends	$ 1,001
Primero [Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Amounts available for distribution of dividends		$ 324
Battle Creek [Member]
Statutory Net Income (Loss), Capital and Surplus, and Dividend Restrictions [Line Items]
Amounts available for distribution of dividends			$ 158

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (6,060)	$ (5,476)	$ (53,096)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Leases - Schedule of Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Operating Leases [Abstract]
Operating lease cost	$ 383	$ 389	$ 391
Finance lease cost:
Amortization of right-of-use assets	80	14
Interest on lease liabilities	21	4
Finance lease cost	101	18
Total lease cost	484	407	391
Other information on leases:
Cash payments included in operating cash flows from operating leases	406	408	340
Cash payments included in operating cash flows from finance leases	21	4
Cash payments included in financing cash flows from finance leases	99	16
Right-of-use assets obtained in exchange for new operating lease liabilities	185	247
Right-of-use assets obtained in exchange for new finance lease liabilities		$ 319
Weighted average discount rate – operating leases	4.48%	3.94%	3.25%
Weighted average discount rate – finance leases	8.50%	8.50%
Weighted average remaining lease term in years – operating leases	4 years 6 months	5 years 3 months 18 days	6 years 3 months 18 days
Weighted average remaining lease term in years – finance leases	1 year 9 months 18 days	2 years 9 months 18 days

Organization

12 Months Ended

Dec. 31, 2024

Organization [Abstract]

Organization

1. Organization

NI Holdings is a North Dakota business corporation that is the stock holding company of Nodak Insurance and became such in connection with the Nodak conversion, whereby Nodak Mutual converted from a mutual to stock form of organization and the creation of a mutual holding company. The Nodak conversion was consummated on March 13, 2017. Immediately following the Nodak conversion, all of the outstanding shares of common stock of Nodak Insurance were issued to Nodak Mutual Group, which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance then became a wholly-owned stock subsidiary of NI Holdings. Prior to completion of the Nodak conversion, NI Holdings conducted no business and had no assets or liabilities. As a result of the Nodak conversion, NI Holdings became the holding company for Nodak Insurance and its existing subsidiaries.

These consolidated financial statements include the financial position and results of operations of NI Holdings and the following other entities:

Nodak Insurance Company

Nodak Insurance is the largest domestic property and casualty insurance company in North Dakota, offering private passenger auto, homeowners, farmowners, commercial multi-peril, crop hail, and Federal multi-peril crop insurance coverages through its captive agents in the state.

Nodak Agency, Inc.

Nodak Agency is an inactive shell corporation.

American West Insurance Company

American West is a property and casualty insurance company licensed in eight states in the Midwest and Western regions of the U.S. American West began writing policies in 2002 and primarily writes private passenger auto, homeowners, and farm coverages in South Dakota. American West also writes private passenger auto coverage in North Dakota, as well as crop hail and Federal multi-peril crop insurance coverages in Minnesota and South Dakota.

Primero Insurance Company

Primero is a wholly-owned subsidiary of Tri-State, Ltd. Tri-State, Ltd. is an inactive shell corporation 100% owned by Nodak Insurance. Primero is a property and casualty insurance company writing non-standard auto coverage in the states of Nevada, Arizona, North Dakota, and South Dakota during 2024. As of December 31, 2024, Primero no longer writes coverage in the state of Nevada. Primero was acquired by Nodak Insurance in 2014.

Battle Creek Insurance Company

Battle Creek is a property and casualty insurance company writing private passenger auto, homeowners, and farm coverages solely in the state of Nebraska. Battle Creek became affiliated with Nodak Insurance in 2011 and, prior to January 2, 2024, was controlled by Nodak Insurance via a surplus note. On January 2, 2024, Battle Creek issued 300,000 shares of its common stock to Nodak Insurance at a $10.00 per share par value and became a wholly-owned subsidiary of Nodak Insurance. Because we concluded that we controlled Battle Creek prior to January 2, 2024, we consolidated the financial statements of Battle Creek, and Battle Creek’s policyholders’ interest in Battle Creek was reflected as a non-controlling interest in shareholders’ equity in our Consolidated Balance Sheets and its net income or loss was excluded from net income or loss attributed to NI Holdings in our Consolidated Statements of Operations. Subsequent to January 2, 2024, Battle Creek is fully consolidated in our Consolidated Balance Sheets and Consolidated Statements of Operations and, as such, no longer reflected as a non-controlling interest.

Direct Auto Insurance Company

Direct Auto is a property and casualty insurance company licensed in Illinois. Direct Auto began writing non-standard auto coverage in 2007, and was acquired by NI Holdings on August 31, 2018, via a stock purchase agreement.

Westminster American Insurance Company

Westminster is a property and casualty insurance company licensed in 18 states and the District of Columbia. Westminster is headquartered in Owings Mills, Maryland and underwrites commercial multi-peril insurance in the states of Delaware, Georgia, Kentucky, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. Westminster was sold to Scott Insurance Holdings on June 30, 2024. Subsequent to the date of sale, Westminster is reflected as discontinued operations within our Consolidated Balance Sheets and Consolidated Statements of Operations. For additional information see Part II, Item 8, Note 20 “Discontinued Operations” of this 2024 Annual Report.

Organizational Structure and Credit Ratings

Nodak Insurance markets and distributes its policies through its captive agents, while all other companies utilize the independent agent distribution channel. Additionally, all of the Company’s insurance subsidiary and affiliate companies as of December 31, 2024, are rated “A” Excellent by AM Best.

The same executive management team provides oversight and strategic direction for the entire organization. Nodak Insurance personnel provide common product oversight, pricing practices, and underwriting standards, as well as underwriting and claims administration, to Nodak Insurance, American West, and Battle Creek. Primero and Direct Auto personnel manage the day-to-day operations of their respective companies. Westminster personnel managed the day-to-day operations of their company prior to the date of sale.

Goodwill and Other Intangibles - Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Consolidated Entities [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount	$ 100	$ 9,348
Accumulated Amortization		1,937
Net	100	7,411
Consolidated Entities [Member] \| Trade Names [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		748
Accumulated Amortization		448
Net		300
Consolidated Entities [Member] \| Distribution Network [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		6,700
Accumulated Amortization		1,489
Net		5,211
Consolidated Entities [Member] \| Subject to Amortization [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		7,448
Accumulated Amortization		1,937
Net		5,511
Consolidated Entities [Member] \| State insurance licenses [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount	100	1,900
Accumulated Amortization
Net	100	1,900
Current and Prior Year [Member] \| Subject to Amortization [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		7,448
Accumulated Amortization		1,937
Net		5,511
Current and Prior Year [Member] \| Continuing Operations [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		248
Accumulated Amortization		248
Net
Current and Prior Year [Member] \| Discontinued Operations [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		7,200
Accumulated Amortization		1,689
Net		5,511
Current and Prior Year [Member] \| Not Subject to Amortization Continuing Operations [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount	100	100
Accumulated Amortization
Net	100	100
Current and Prior Year [Member] \| Not Subject to Amortization Discontinued Operations [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount		1,800
Accumulated Amortization
Net		1,800
Current and Prior Year [Member] \| Property, Plant and Equipment [Member]
Schedule of Other Intangible Assets [Line Items]
Gross Carrying Amount	100	9,348
Accumulated Amortization		1,937
Net	$ 100	$ 7,411

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Net of allowance for expected credit losses (in Dollars)	$ 0	$ 0
Premiums and agents' balances receivable net of allowance for expected credit losses (in Dollars)	337	394
Reinsurance recoverables on losses net of allowance for expected credit losses (in Dollars)	$ 0	$ 0
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	23,000,000	23,000,000
Common stock, shares outstanding	20,673,268	20,599,908
Treasury stock, shares	2,281,252	2,330,297

Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2024

Unpaid Losses and Loss Adjustment Expenses [Abstract]

Schedule of Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows for both continuing and discontinued operations:

	Year Ended December 31,
	2024		2023		2022
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$	217,119	$	190,459	$	139,662
Reinsurance recoverables on losses		48,969		37,575		21,200
Net balance, beginning of year		168,150		152,884		118,462

Incurred related to:
Current year		218,063		223,960		293,283
Prior years		12,908		20,452		1,149
Total incurred		230,971		244,412		294,432

Paid related to:
Current year		131,570		138,600		197,250
Prior years		80,636		90,548		62,760
Total paid		212,206		229,148		260,010

Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses		107,508		—		—
Reinsurance recoverables on losses		45,320		—		—
Net balance, date of sale		62,188		—		—

Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		137,288		217,119		190,459
Reinsurance recoverables on losses		12,561		48,969		37,575
Net balance, end of year	$	124,727	$	168,150	$	152,884

The tables for current and prior year continuing and discontinued operations showing the liability for unpaid losses and loss adjustment expense are shown below:

	Year Ended December 31,
	2024		2023		2022
Continuing operations:
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$	119,185	$	114,296	$	108,000
Reinsurance recoverables on losses		6,460		8,586		12,478
Net balance, beginning of year		112,725		105,710		95,522

Incurred related to:
Current year		193,948		184,210		247,635
Prior years		13,517		2,306		(5,885	)
Total incurred		207,465		186,516		241,750

Paid related to:
Current year		126,006		121,466		181,434
Prior years		69,457		58,036		50,128
Total paid		195,463		179,502		231,562

Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		137,288		119,185		114,296
Reinsurance recoverables on losses		12,561		6,460		8,586
Net balance, end of year	$	124,727	$	112,725	$	105,710

	Year Ended December 31,
	2024			2023		2022
Discontinued operations:
Balance, beginning of year:
Liability for unpaid losses and loss adjustment expenses	$	97,934		$	76,163	$	31,662
Reinsurance recoverables on losses		42,509			28,989		8,722
Net balance, beginning of year		55,425			47,174		22,940

Incurred related to:
Current year		24,115			39,750		45,648
Prior years		(609	)		18,146		7,034
Total incurred		23,506			57,896		52,682

Paid related to:
Current year		5,564			17,132		15,816
Prior years		11,179			32,512		12,632
Total paid		16,743			49,644		28,448

Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses		107,508			—		—
Reinsurance recoverables on losses		45,320			—		—
Net balance, date of sale		62,188			—		—

Balance, end of year:
Liability for unpaid losses and loss adjustment expenses		—			97,934		76,163
Reinsurance recoverables on losses		—			42,509		28,989
Net balance, end of year	$	—		$	55,425	$	47,174

Schedule of Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance

Private Passenger Auto	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims			Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	32,438	$	31,532	$	30,461	$	30,503	$	30,679	$	30,455	$	30,379	$	30,370	$	30,351	$	30,362	$	(1	)		11,688
2016		—		40,227		39,260		39,057		39,314		38,535		38,416		38,601		38,566		38,536		(3	)		14,325
2017		—		—		40,779		40,199		40,120		40,427		40,488		40,520		40,471		40,449		—			13,753
2018		—		—		—		44,925		43,428		43,641		43,575		43,807		43,733		43,896		310			14,675
2019		—		—		—		—		53,769		53,328		53,364		52,802		52,749		52,535		56			16,540
2020		—		—		—		—		—		46,247		48,519		47,403		47,174		46,713		107			13,541
2021		—		—		—		—		—		—		57,316		57,176		57,431		57,215		205			15,321
2022		—		—		—		—		—		—		—		66,711		65,132		64,180		552			16,146
2023		—		—		—		—		—		—		—		—		62,357		61,917		768			13,888
2024		—		—		—		—		—		—		—		—		—		54,082		1,935			10,593
Total																			$	489,885

(1) Prior years unaudited

Non- Standard Auto	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016⁽¹⁾		2017⁽¹⁾		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	27,644	$	24,304	$	22,698	$	20,229	$	20,345	$	20,567	$	20,199	$	20,039	$	20,341	$	20,357	$	7	10,852
2016		—		30,514		24,708		23,606		23,989		22,884		22,267		21,947		22,095		22,168		9	12,878
2017		—		—		32,098		27,275		24,414		23,189		22,221		21,903		22,224		22,327		9	13,190
2018		—		—		—		36,236		34,466		33,743		32,307		32,038		32,741		33,020		78	16,718
2019		—		—		—		—		37,196		36,864		35,810		36,100		36,659		36,646		92	12,424
2020		—		—		—		—		—		33,054		31,743		32,507		34,657		34,475		360	14,356
2021		—		—		—		—		—		—		40,652		40,612		45,337		46,412		1,752	15,895
2022		—		—		—		—		—		—		—		39,514		43,372		51,912		2,676	14,061
2023		—		—		—		—		—		—		—		—		50,415		57,445		6,821	14,784
2024		—		—		—		—		—		—		—		—		—		59,465		21,260	10,850
Total																			$	384,227

Home and Farm	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	32,740	$	31,804	$	31,300	$	31,577	$	31,446	$	31,612	$	31,600	$	31,601	$	31,599	$	31,944	$	—		3,924
2016		—		45,713		44,513		44,945		44,597		44,728		44,745		44,809		44,788		44,787		—		6,354
2017		—		—		42,112		41,593		41,882		41,779		41,804		41,640		41,590		41,646		5		4,955
2018		—		—		—		42,486		43,840		43,747		43,682		43,712		43,731		43,681		—		4,596
2019		—		—		—		—		45,334		45,828		45,471		45,352		45,106		45,050		4		5,523
2020		—		—		—		—		—		36,264		35,668		34,656		34,761		34,813		28		4,118
2021		—		—		—		—		—		—		53,079		50,322		50,759		50,592		179		5,381
2022		—		—		—		—		—		—		—		112,049		105,409		105,328		883		8,401
2023		—		—		—		—		—		—		—		—		57,205		56,985		1,010		4,302
2024		—		—		—		—		—		—		—		—		—		65,092		1,572		3,967
Total																			$	519,918

Crop	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,																				At December 31, 2024
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024		Total IBNR Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
(in thousands, except claim counts)
2015	$	13,813	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	—		2,427
2016		—		20,209		19,582		19,487		19,487		19,487		19,487		19,487		19,487		19,487		—		2,806
2017		—		—		33,734		34,181		34,181		34,181		34,181		34,181		34,181		34,181		—		2,968
2018		—		—		—		12,506		11,730		11,730		11,730		11,730		11,730		11,730		—		2,147
2019		—		—		—		—		33,913		37,629		37,629		37,629		37,630		37,629		—		3,101
2020		—		—		—		—		—		28,688		28,759		28,759		28,760		28,759		—		2,442
2021		—		—		—		—		—		—		28,574		28,144		28,146		28,143		—		2,726
2022		—		—		—		—		—		—		—		21,834		20,745		20,740		4		2,021
2023		—		—		—		—		—		—		—		—		12,728		11,399		12		1,640
2024		—		—		—		—		—		—		—		—		—		12,463		16		1,289
Total																			$	218,380

Schedule of Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance

Private Passenger Auto	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024
2015	$	23,401	$	27,171	$	28,933	$	29,598	$	29,795	$	30,120	$	30,355	$	30,355	$	30,355	$	30,363
2016		—		29,009		35,845		37,307		38,108		37,833		38,173		38,303		38,539		38,539
2017		—		—		31,033		37,050		38,331		39,738		40,111		40,294		40,315		40,398
2018		—		—		—		34,358		40,213		41,479		42,820		43,074		43,225		43,337
2019		—		—		—		—		42,414		48,414		50,370		51,556		52,060		52,437
2020		—		—		—		—		—		35,495		42,585		45,670		46,211		46,204
2021		—		—		—		—		—		—		42,326		52,256		54,243		56,030
2022		—		—		—		—		—		—		—		49,911		59,556		61,679
2023		—		—		—		—		—		—		—		—		45,452		55,548
2024		—		—		—		—		—		—		—		—		—		39,617
Total																			$	464,152
All outstanding liabilities prior to 2015, net of reinsurance																				12
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																				25,745

(1) Prior years unaudited

Non-Standard Auto	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016⁽¹⁾		2017⁽¹⁾		2018		2019		2020		2021		2022		2023		2024
2015	$8,302		$13,887		$16,536		$17,884		$19,180		$19,679		$19,799		$19,988		$20,292		$20,300
2016		—		8,935		15,154		18,349		20,515		21,032		21,495		21,794		21,984		22,044
2017		—		—		8,733		14,641		18,238		19,826		20,604		21,528		22,063		22,173
2018		—		—		—		11,526		22,821		26,820		28,489		30,489		32,202		32,663
2019		—		—		—		—		16,503		26,221		29,953		32,370		34,915		35,916
2020		—		—		—		—		—		14,077		23,046		27,160		30,419		32,688
2021		—		—		—		—		—		—		18,611		30,155		36,890		41,590
2022		—		—		—		—		—		—		—		14,966		29,533		42,122
2023		—		—		—		—		—		—		—		—		18,300		38,279
2024		—		—		—		—		—		—		—		—		—		18,873
Total																			$	306,648
All outstanding liabilities prior to 2015, net of reinsurance																				1
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																			$	77,580

Home and Farm	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024
2015	$	27,204	$	30,165	$	30,350	$	30,573	$	31,383	$	31,597	$	31,597	$	31,599	$	31,599	$	31,944
2016		—		37,655		44,942		44,270		44,529		44,583		44,650		44,690		44,736		44,787
2017		—		—		34,657		38,928		40,441		40,941		41,414		41,504		41,506		41,516
2018		—		—		—		37,880		42,814		43,178		43,549		43,634		43,688		43,681
2019		—		—		—		—		38,718		43,253		44,119		44,847		45,053		45,046
2020		—		—		—		—		—		29,273		33,988		34,243		34,688		34,784
2021		—		—		—		—		—		—		41,096		48,890		50,117		50,403
2022		—		—		—		—		—		—		—		92,482		101,957		104,321
2023		—		—		—		—		—		—		—		—		46,607		54,304
2024		—		—		—		—		—		—		—		—		—		54,904
Total																			$	505,690
All outstanding liabilities prior to 2015, net of reinsurance																				—
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																			$	14,228

Crop	Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Year Ended December 31,
Accident Year	2015 ⁽¹⁾		2016		2017		2018		2019		2020		2021		2022		2023		2024
2015	$	12,866	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849	$	13,849
2016		—		16,444		19,487		19,487		19,487		19,487		19,487		19,487		19,487		19,487
2017		—		—		32,768		34,181		34,181		34,181		34,181		34,181		34,181		34,181
2018		—		—		—		10,737		11,730		11,730		11,730		11,730		11,730		11,730
2019		—		—		—		—		26,208		37,629		37,629		37,629		37,629		37,629
2020		—		—		—		—		—		27,952		28,759		28,759		28,759		28,759
2021		—		—		—		—		—		—		29,424		28,143		28,143		28,143
2022		—		—		—		—		—		—		—		20,279		20,735		20,735
2023		—		—		—		—		—		—		—		—		10,202		11,387
2024		—		—		—		—		—		—		—		—		—		11,169
Total																			$	217,069
All outstanding liabilities prior to 2015, net of reinsurance																				—
Liabilities for Unpaid Losses and Loss Adjustment Expenses, net of reinsurance																			$	1,311

Schedule of Reconciliation of the Net Incurred and Paid Claims Development

The following table presents a reconciliation of the net incurred and paid claims development tables to the liability for unpaid losses and loss adjustment expenses in our Consolidated Balance Sheet:

	December 31, 2024
Liabilities for unpaid losses and loss adjustment expenses:
Private passenger auto	$	28,103
Non-Standard auto		77,580
Home and farm		16,162
Crop		1,789
All other		13,654
Total liabilities for unpaid losses and loss adjustment expenses		137,288

Reinsurance recoverables on losses:
Private passenger auto		2,358
Non-Standard auto		—
Home and farm		1,934
Crop		478
All other		7,791
Total reinsurance recoverables on losses		12,561

Net liability for unpaid losses and loss adjustment expenses	$	124,727

Schedule of Required Supplementary Information about Average Historical Claims Duration

The following table presents required supplementary information about average historical claims duration as of December 31, 2024:

	Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5		6		7		8		9		10
Private Passenger Auto		50.5%		20.5%		11.1%		6.5%		4.5%		3.4%		3.1%		0.3%		0.1%		—
Non-Standard Auto		45.1%		23.1%		13.9%		8.2%		4.5%		2.1%		1.4%		1.0%		0.6%		0.1%
Home and Farm		67.2%		15.0%		8.9%		4.3%		1.3%		0.7%		0.7%		0.7%		1.2%		—
Crop		100.0%		—		—		—		—		—		—		—		—		—

Reinsurance (Tables)

12 Months Ended

Dec. 31, 2024

Reinsurance [Abstract]

Schedule of Reconciliation of Direct to Net Premiums on both a Written and an Earned Basis

A reconciliation of direct to net premiums on both a written and an earned basis, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

	Year Ended December 31,
	2024						2023						2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Direct premium	$	383,933		$	380,968		$	418,399		$	401,945		$	389,706		$	368,886
Assumed premium		2,967			2,984			3,098			3,570			6,299			6,550
Ceded premium		(43,503	)		(42,786	)		(54,848	)		(54,378	)		(46,993	)		(47,146	)
Net premiums	$	343,397		$	341,166		$	366,649		$	351,137		$	349,012		$	328,290

	Year Ended December 31,
	2024						2023						2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Continuing operations:
Direct premium	$	342,301		$	341,885		$	341,234		$	325,590		$	315,095		$	299,607
Assumed premium		2,967			2,984			3,098			3,570			6,299			6,550
Ceded premium		(34,760	)		(34,759	)		(37,043	)		(37,043	)		(34,417	)		(34,417	)
Net premiums	$	310,508		$	310,110		$	307,289		$	292,117		$	286,977		$	271,740

	Year Ended December 31,
	2024						2023						2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Discontinued operations:
Direct premium	$	41,632		$	39,083		$	77,165		$	76,355		$	74,611		$	69,279
Assumed premium		—			—			—			—			—			—
Ceded premium		(8,743	)		(8,027	)		(17,805	)		(17,335	)		(12,576	)		(12,729	)
Net premiums	$	32,889		$	31,056		$	59,360		$	59,020		$	62,035		$	56,550

Schedule of Direct to Net Losses and Loss Adjustment Expenses

A reconciliation of direct to net losses and loss adjustment expenses, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

	Year Ended December 31,
	2024			2023			2022
Direct losses and loss adjustment expenses	$	249,344		$	293,978		$	333,397
Assumed losses and loss adjustment expenses		784			1,140			2,369
Ceded losses and loss adjustment expenses		(19,157	)		(50,706	)		(41,334	)
Net losses and loss adjustment expenses	$	230,971		$	244,412		$	294,432

	Year Ended December 31,
	2024			2023			2022
Continuing Operations:
Direct losses and loss adjustment expenses	$	220,991		$	195,138		$	255,187
Assumed losses and loss adjustment expenses		784			1,140			2,369
Ceded losses and loss adjustment expenses		(14,310	)		(9,762	)		(15,806	)
Net losses and loss adjustment expenses	$	207,465		$	186,516		$	241,750

	Year Ended December 31,
	2024			2023			2022
Discontinued Operations:
Direct losses and loss adjustment expenses	$	28,353		$	98,840		$	78,210
Assumed losses and loss adjustment expenses		—			—			—
Ceded losses and loss adjustment expenses		(4,847	)		(40,944	)		(25,528	)
Net losses and loss adjustment expenses	$	23,506		$	57,896		$	52,682

Share-Based Compensation (Details) $ in Thousands	12 Months Ended
Share-Based Compensation (Details) $ in Thousands	Dec. 31, 2024 USD ($) shares
Share Based Payment Arrangement [Member]
Share-Based Compensation [Line Items]
Shares issued (in Shares) \| shares	1,000,000
Shares granted (in Shares) \| shares	100,000
Outstanding, aggregate intrinsic value	$ 1,000
Restricted Stock [Member]
Share-Based Compensation [Line Items]
Percentage of RSU granted to non-employee directors per year	100.00%
Total unrecognized outstanding cost	$ 741
Total unrecognized compensation cost, weighted average period	1 year 9 months 29 days
Performance Shares [Member]
Share-Based Compensation [Line Items]
Total unrecognized outstanding cost	$ 255
Total unrecognized compensation cost, weighted average period	2 years 1 month 28 days
Minimum [Member] \| Performance Shares [Member]
Share-Based Compensation [Line Items]
Percentage of RSU granted to employees per year	0.00%
Maximum [Member] \| Performance Shares [Member]
Share-Based Compensation [Line Items]
Percentage of RSU granted to employees per year	200.00%
Director [Member] \| Share Based Payment Arrangement [Member]
Share-Based Compensation [Line Items]
Share granted not exceed	$ 150

Allowance for Expected Credit Losses (Tables)

12 Months Ended

Dec. 31, 2024

Allowance for Expected Credit Losses [Abstract]

Schedule of Allowance for Expected Credit Losses

The following table presents the balances of premiums and agents’ receivable balances, net of the allowance for expected credit losses as of December 31, 2024, and the changes in the allowance for expected credit losses for the year ended December 31, 2024.

	Year Ended December 31, 2024
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Continuing operations
Balance, beginning of period	$	56,154	$	394

Current period charge for expected credit losses				210
Write-offs of uncollectible premiums receivable				(267	)

Balance, end of period	$	52,907	$	337

	Year Ended December 31, 2024
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Discontinued operations
Balance, beginning of period	$	17,904	$	8

Current period charge for expected credit losses				4
Write-offs of uncollectible premiums receivable				(4	)
Westminster balances disposed in sale	$	16,030	$	(8	)

Balance, end of period	$	—	$	—

	Year Ended December 31, 2023
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Continuing operations
Balance, beginning of period	$	47,346	$	417

Current period charge for expected credit losses				327
Write-offs of uncollectible premiums receivable				(350	)

Balance, end of period	$	56,154	$	394

	Year Ended December 31, 2023
	Premiums and Agents’ Balances Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Discontinued operations
Balance, beginning of period	$	14,827	$	8

Current period charge for expected credit losses				8
Write-offs of uncollectible premiums receivable				(8	)

Balance, end of period	$	17,904	$	8

Benefit Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Benefit Plans [Line Items]
Company reported expenses	$ 782	$ 806	$ 693
Deferred compensation plan expenses	360	368	325
Debt from ESOP	$ 2,400
Percentage of ESOP in authorized shares	1.00%
Per share price (in Dollars per share)	$ 10
Distribution of employee stock ownership plan shares	$ 365	$ 322	$ 380
ESOP shares were released and allocated (in Shares)	194,520
ESOP shares in suspense (in Shares)	45,480
Market price (in Dollars per share)	$ 15.7
Fair value of unearned ESOP shares	$ 714
ESOP Loan [Member]
Benefit Plans [Line Items]
Debt term	2 years 9 months 14 days

Investments (Tables)

12 Months Ended

Dec. 31, 2024

Investments [Abstract]

Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities

	December 31, 2024
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. Government and agencies	$	12,601	$	—	$	8	$	(335	)	$	12,274
Obligations of states and political subdivisions		48,559		—		184		(4,920	)		43,823
Corporate securities		123,585		—		206		(7,517	)		116,274
Residential mortgage-backed securities		53,714		—		44		(4,981	)		48,777
Commercial mortgage-backed securities		30,062		—		65		(2,943	)		27,184
Asset-backed securities		59,046		—		386		(3,301	)		56,131
Redeemable preferred stocks		3,737		—		—		(488	)		3,249
Total fixed income securities	$	331,304	$	—	$	893	$	(24,485	)	$	307,712

	December 31, 2023
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. Government and agencies	$	10,998	$	—	$	—	$	(736	)	$	10,262
Obligations of states and political subdivisions		55,769		—		408		(4,716	)		51,461
Corporate securities		152,630		—		442		(10,856	)		142,216
Residential mortgage-backed securities		66,362		—		180		(5,379	)		61,163
Commercial mortgage-backed securities		33,532		—		148		(4,241	)		29,439
Asset-backed securities		52,692		—		142		(3,805	)		49,029
Redeemable preferred stocks		4,747		—		—		(586	)		4,161
Total fixed income securities	$	376,730	$	—	$	1,320	$	(30,319	)	$	347,731

Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities for Continuing and Discontinued Operations

	December 31, 2024
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
Continuing operations	$	331,304	$	—	$	893	$	(24,485	)	$	307,712
Discontinued operations		—		—		—		—			—
Total fixed income securities	$	331,304	$	—	$	893	$	(24,485	)	$	307,712

	December 31, 2023
	Cost or Amortized Cost		Allowance for Expected Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
Continuing operations	$	313,182	$	—	$	1,116	$	(24,899	)	$	289,399
Discontinued operations		63,548		—		204		(5,420	)		58,332
Total fixed income securities	$	376,730	$	—	$	1,320	$	(30,319	)	$	347,731

Schedule of Contractual Maturity

	December 31, 2024
	Amortized Cost		Fair Value
Due to mature:
One year or less	$	5,750	$	5,696
After one year through five years		57,986		55,882
After five years through ten years		79,544		74,070
After ten years		41,465		36,723
Mortgage / asset-backed securities		142,822		132,092
Redeemable preferred stocks		3,737		3,249
Total fixed income securities	$	331,304	$	307,712

	December 31, 2023
	Amortized Cost		Fair Value
Due to mature:
One year or less	$	9,612	$	9,436
After one year through five years		75,794		72,602
After five years through ten years		86,185		79,281
After ten years		47,806		42,620
Mortgage / asset-backed securities		152,586		139,631
Redeemable preferred stocks		4,747		4,161
Total fixed income securities	$	376,730	$	347,731

Schedule of Gross Unrealized Losses on Fixed Income Securities

	December 31, 2024
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
U.S. Government and agencies	$	5,443	$	(109	)	$	4,177	$	(226	)	$	9,620	$	(335	)
Obligations of states and political subdivisions		8,465		(143	)		29,428		(4,777	)		37,893		(4,920	)
Corporate securities		25,790		(481	)		76,364		(7,036	)		102,154		(7,517	)
Residential mortgage-backed securities		20,827		(451	)		23,159		(4,530	)		43,986		(4,981	)
Commercial mortgage-backed securities		1,409		(50	)		19,442		(2,893	)		20,851		(2,943	)
Asset-backed securities		10,926		(122	)		20,579		(3,179	)		31,505		(3,301	)
Redeemable preferred stocks		—		—			3,249		(488	)		3,249		(488	)
Total fixed income securities	$	72,860	$	(1,356	)	$	176,398	$	(23,129	)	$	249,258	$	(24,485	)

	December 31, 2023
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
U.S. Government and agencies	$	—	$	—		$	9,018	$	(736	)	$	9,018	$	(736	)
Obligations of states and political subdivisions		5,239		(359	)		36,194		(4,357	)		41,433		(4,716	)
Corporate securities		8,018		(93	)		110,117		(10,763	)		118,135		(10,856	)
Residential mortgage-backed securities		12,054		(104	)		33,341		(5,275	)		45,395		(5,379	)
Commercial mortgage-backed securities		2,678		(5	)		23,713		(4,236	)		26,391		(4,241	)
Asset-backed securities		4,463		(18	)		30,200		(3,787	)		34,663		(3,805	)
Redeemable preferred stocks		—		—			4,161		(586	)		4,161		(586	)
Total fixed income securities	$	32,452	$	(579	)	$	246,744	$	(29,740	)	$	279,196	$	(30,319	)

Schedule of Continuing and Discontinued Operations by Duration of the Company’s Gross Unrealized Losses on Fixed Income Securities

The reconciliation for continuing and discontinued operations by duration of the Company’s gross unrealized losses on fixed income securities are shown below.

	December 31, 2024
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
Continuing operations	$	72,860	$	(1,356	)	$	176,398	$	(23,129	)	$	249,258	$	(24,485	)
Discontinued operations		—		—			—		—			—		—
Total fixed income securities	$	72,860	$	(1,356	)	$	176,398	$	(23,129	)	$	249,258	$	(24,485	)

	December 31, 2023
	Less than 12 Months					Greater than 12 months					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Fixed income securities:
Continuing operations	$	24,049	$	(509	)	$	211,367	$	(24,390	)	$	235,416	$	(24,899	)
Discontinued operations		8,403		(70	)		35,377		(5,350	)		43,780		(5,420	)
Total fixed income securities	$	32,452	$	(579	)	$	246,744	$	(29,740	)	$	279,196	$	(30,319	)

Schedule of Net Investment Income for Continuing and Discontinued Operations

Net investment income for continuing and discontinued operations consisted of the following:

	Year Ended December 31,
	2024		2023		2022
Continuing operations:
Fixed income securities	$	11,401	$	9,418	$	8,216
Equity securities		904		874		1,260
Real estate		355		391		384
Cash and cash equivalents		1,699		456		23
Total gross investment income		14,359		11,139		9,883
Investment expenses		3,416		3,105		3,247
Net investment income – continuing operations		10,943		8,034		6,636
Net investment income – discontinued operations		1,419		2,422		1,184
Net investment income	$	12,362	$	10,456	$	7,820

Schedule of Net Investment Gains (Losses) for Continuing and Discontinued Operations

Net investment gains (losses) for continuing and discontinued operations consisted of the following:

	Year Ended December 31,
	2024			2023			2022
Continuing Operations:
Gross realized gains:
Fixed income securities	$	12		$	1		$	116
Equity securities		1,329			13,840			6,967
Total gross realized gains		1,341			13,841			7,083

Gross realized losses, excluding credit impairment losses:
Fixed income securities		(211	)		(524	)		(183	)
Equity securities		(579	)		(1,221	)		(4,916	)
Total gross realized losses, excluding credit impairment losses		(790	)		(1,745	)		(5,099	)

Net realized gains		551			12,096			1,984

Change in net unrealized gains on equity securities		1,662			(10,167	)		(13,959	)
Net investment gains (losses) – continuing operations		2,213			1,929			(11,975	)
Net investment gains (losses) – discontinued operations		116			195			(1,151	)
Net investment gains (losses)	$	2,329		$	2,124		$	(13,126	)

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unpaid Losses and Loss Adjustment Expenses [Abstract]
Incurred reported losses and loss adjustment expenses	$ 12,908	$ 20,452	$ 1,149

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Deferred income tax assets, valuation allowance	$ 2,506	$ 505	$ 694
Unrecognized tax benefits
Unrecognized accrued interest and penalties
Interest and penalties were recognized
Net operating loss	2,500
Battle Creek [Member]
Income Taxes [Line Items]
Deferred income tax assets, valuation allowance	$ 505
Operating loss carryforwards		$ 3,756	3,963
Westminster American Insurance Company1 [Member]
Income Taxes [Line Items]
Operating loss carryforwards			$ 1,270

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Measurements [Abstract]

Schedule of Assets Which are Measured on a Recurring Basis the Fair Value Hierarchy

The following tables set forth our assets which are measured on a recurring basis by the level within the fair value hierarchy in which fair value measurements fall:

	December 31, 2024
	Total		Level 1		Level 2		Level 3
Fixed income securities:
U.S. Government and agencies	$	12,274	$	—	$	12,274	$	—
Obligations of states and political subdivisions		43,823		—		43,823		—
Corporate securities		116,274		—		116,274		—
Residential mortgage-backed securities		48,777		—		48,777		—
Commercial mortgage-backed securities		27,184		—		27,184		—
Asset-backed securities		56,131		—		56,131		—
Redeemable preferred stock		3,249		—		3,249		—
Total fixed income securities		307,712		—		307,712		—

Equity securities:
Common stock		24,640		24,640		—		—
Non-redeemable preferred stock		—		—		—		—
Total equity securities		24,640		24,640		—		—

Money market accounts and cash equivalents		10,950		10,950		—		—
Total assets at fair value	$	343,302	$	35,590	$	307,712	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Fixed income securities:
U.S. Government and agencies	$	10,262	$	—	$	10,262	$	—
Obligations of states and political subdivisions		51,461		—		51,461		—
Corporate securities		142,216		—		142,216		—
Residential mortgage-backed securities		61,163		—		61,163		—
Commercial mortgage-backed securities		29,439		—		29,439		—
Asset-backed securities		49,029		—		49,029		—
Redeemable preferred stocks		4,161		—		4,161		—
Total fixed income securities		347,731		—		347,731		—

Equity securities:
Common stock		25,890		25,890		—		—
Non-redeemable preferred stocks		1,877		1,877		—		—
Total equity securities		27,767		27,767		—		—

Money market accounts and cash equivalents		25,596		19,412		6,184		—
Total assets at fair value	$	401,094	$	47,179	$	353,915	$	—

Schedule of Continuing and Discontinued Operations Assets

	December 31, 2024
	Total		Level 1		Level 2		Level 3
Fixed income securities:
Continuing operations	$	307,712	$	—	$	307,712	$	—
Discontinued operations		—		—		—		—
Total fixed income securities		307,712		—		307,712		—

Equity securities:
Continuing operations		24,640		24,640		—		—
Discontinued operations		—		—		—		—
Total equity securities		24,640		24,640		—		—

Money market accounts and cash equivalents
Continuing operations		10,950		10,950		—		—
Discontinued operations		—		—		—		—
Total money market accounts and cash equivalents		10,950		10,950		—		—
Total assets at fair value	$	343,302	$	35,590	$	307,712	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Fixed income securities:
Continuing operations	$	289,399	$	—	$	289,399	$	—
Discontinued operations		58,332		—		58,332		—
Total fixed income securities		347,731		—		347,731		—

Equity securities:
Continuing operations		21,983		21,983		—		—
Discontinued operations		5,784		5,784		—		—
Total equity securities		27,767		27,767		—		—

Money market accounts and cash equivalents
Continuing operations		16,239		16,239		—		—
Discontinued operations		9,357		3,173		6,184		—
Total money market accounts and cash equivalents		25,596		19,412		6,184		—
Total assets at fair value	$	401,094	$	47,179	$	353,915	$	—

Organization (Details) - Nodak Insurance [Member] - $ / shares	12 Months Ended
	Dec. 31, 2024	Jan. 02, 2024
Organization [Line Items]
Percentage of shares exchanged	55.00%
Ownership percentage	100.00%
Par value per share (in Dollars per share)		$ 10
Common Stock [Member]
Organization [Line Items]
Issuance of common stock (in Shares)		300,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
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Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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+ Details