NI (NODK) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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 Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
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		20,648,642

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 51,390	$ 41,037
Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at June 30, 2024 and December 31, 2023)	303,415	289,399
Equity securities, at fair value	22,973	21,983
Other investments	2,006	2,006
Total cash and investments	379,784	354,425
Premiums and agents' balances receivable (net of allowance for expected credit losses of $348 at June 30, 2024 and $394 at December 31, 2023)	92,831	56,154
Deferred policy acquisition costs	31,157	26,790
Reinsurance premiums receivable (payable)		(1,403)
Reinsurance recoverables on losses (net of allowance for expected credit losses of $0 at June 30, 2024 and December 31, 2023)	9,423	6,460
Income tax recoverable	8,069
Accrued investment income	2,473	2,325
Property and equipment, net	7,586	7,452
Deferred income taxes	10,236	9,228
Receivable from Federal Crop Insurance Corporation	13,793	17,404
Goodwill and other intangibles	2,728	2,728
Other assets	12,907	10,866
Assets of discontinued operations		162,457
Total assets	570,987	654,886
Liabilities:
Unpaid losses and loss adjustment expenses	148,527	119,185
Unearned premiums	157,730	126,100
Reinsurance premiums payable	912
Income tax payable		147
Accrued expenses and other liabilities	24,368	17,758
Liabilities of discontinued operations		141,297
Total liabilities	331,537	404,487
Shareholders’ equity:
Common stock, $0.01 par value, authorized: 25,000,000 shares; issued: 23,000,000 shares; and outstanding: 2024 – 20,648,642 shares, 2023 – 20,599,908 shares	230	230
Additional paid-in capital	96,581	96,294
Unearned employee stock ownership plan shares	(698)	(698)
Retained earnings	197,827	208,376
Accumulated other comprehensive loss, net of income taxes	(20,192)	(21,384)
Treasury stock, at cost, 2024 – 2,281,563 shares, 2023 – 2,330,297 shares	(34,298)	(35,177)
Non-controlling interest		2,758
Total shareholders’ equity	239,450	250,399
Total liabilities and shareholders’ equity	$ 570,987	$ 654,886

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 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)	348	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	20,648,642	20,599,908
Treasury stock, shares	2,281,563	2,330,297

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Net premiums earned	$ 85,169	$ 78,835	$ 155,053	$ 141,706
Fee and other income	695	490	1,099	751
Net investment income	2,523	1,923	5,278	3,614
Net investment gains (losses)	(580)	(173)	876	1,230
Total revenues	87,807	81,075	162,306	147,301
Expenses:
Losses and loss adjustment expenses	69,358	60,077	109,502	101,202
Amortization of deferred policy acquisition costs	19,290	16,784	36,107	31,788
Other underwriting and general expenses	8,229	7,475	16,934	15,276
Total expenses	96,877	84,336	162,543	148,266
Loss from continuing operations before income taxes	(9,070)	(3,261)	(237)	(965)
Income tax expense (benefit)	(1,592)	(685)	306	(203)
Net loss from continuing operations	(7,478)	(2,576)	(543)	(762)
Net loss attributable to non-controlling interest		(113)		(403)
Net loss from continuing operations attributable to NI Holdings, Inc.	(7,478)	(2,463)	(543)	(359)
Loss from discontinued operations, net of taxes	(996)	(5,659)	(1,512)	(11,973)
Loss on sale of discontinued operations, net of taxes	(7,762)		(7,762)
Net loss	$ (16,236)	$ (8,122)	$ (9,817)	$ (12,332)
Loss per common share from continuing operations:
Basic (in Dollars per share)	$ (0.36)	$ (0.12)	$ (0.03)	$ (0.02)
Diluted (in Dollars per share)	(0.36)	(0.12)	(0.03)	(0.02)
Loss per common share:
Basic (in Dollars per share)	(0.77)	(0.38)	(0.47)	(0.58)
Diluted (in Dollars per share)	$ (0.77)	$ (0.38)	$ (0.47)	$ (0.58)
Share data:
Weighted average common shares outstanding used in basic per common share calculations (in Shares)	20,970,384	21,281,542	20,951,579	21,325,007
Dilutive securities (in Shares)
Weighted average common shares used in diluted per common share calculations (in Shares)	20,970,384	21,281,542	20,951,579	21,325,007

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net loss	$ (16,236)	$ (8,235)	$ (9,817)	$ (12,735)
Other comprehensive loss, before income taxes:
Holding gains (losses) on investments	(953)	(3,094)	(2,770)	2,628
Reclassification adjustment for net realized losses included in net loss	30	188	40	487
Other comprehensive income (loss), before income taxes	(923)	(2,906)	(2,730)	3,115
Income tax (expense) benefit related to items of other comprehensive loss	209	660	616	(708)
Other comprehensive income (loss), net of income taxes	(714)	(2,246)	(2,114)	2,407
Comprehensive loss	(16,950)	(10,481)	(11,931)	(10,328)
Attributable to NI Holdings, Inc.
Net loss	(16,236)	(8,122)	(9,817)	(12,332)
Other comprehensive loss, before income taxes:
Holding gains (losses) on investments	(953)	(2,954)	(2,770)	2,490
Reclassification adjustment for net realized losses included in net loss	30	188	40	487
Other comprehensive income (loss), before income taxes	(923)	(2,766)	(2,730)	2,977
Income tax (expense) benefit related to items of other comprehensive loss	209	628	616	(677)
Other comprehensive income (loss), net of income taxes	(714)	(2,138)	(2,114)	2,300
Comprehensive loss	(16,950)	(10,260)	(11,931)	(10,032)
Attributable to Non- Controlling Interest
Net loss		(113)		(403)
Other comprehensive loss, before income taxes:
Holding gains (losses) on investments		(140)		138
Reclassification adjustment for net realized losses included in net loss
Other comprehensive income (loss), before income taxes		(140)		138
Income tax (expense) benefit related to items of other comprehensive loss		32		(31)
Other comprehensive income (loss), net of income taxes		(108)		107
Comprehensive loss		$ (221)		$ (296)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Unearned Employee Stock Ownership Plan Shares	Retained Earnings	Accumulated Other Comprehensive Loss, Net of Income Taxes	Treasury Stock	Non-Controlling Interest	Total
Balance at Dec. 31, 2022	$ 230	$ 95,671	$ (941)	$ 214,121	$ (29,286)	$ (28,818)	$ 2,230	$ 253,207
Battle Creek demutualization
Net loss				(12,332)			(403)	(12,735)
Impact of Westminster unrealized investment gains/losses
Other comprehensive income (loss), net of income taxes					2,300		107	2,407
Purchase of treasury stock						(3,223)		(3,223)
Share-based compensation		901						901
Issuance of vested award shares		(822)		(271)		919		(174)
Balance at Jun. 30, 2023	230	95,750	(941)	201,518	(26,986)	(31,122)	1,934	240,383
Balance at Mar. 31, 2023	230	95,568	(941)	209,710	(24,848)	(28,803)	2,155	253,071
Battle Creek demutualization
Net loss				(8,122)			(113)	(8,235)
Impact of Westminster unrealized investment gains/losses
Other comprehensive income (loss), net of income taxes					(2,138)		(108)	(2,246)
Purchase of treasury stock						(2,602)		(2,602)
Share-based compensation		396						396
Issuance of vested award shares		(214)		(70)		283		(1)
Balance at Jun. 30, 2023	230	95,750	(941)	201,518	(26,986)	(31,122)	1,934	240,383
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 loss				(9,817)				(9,817)
Impact of Westminster unrealized investment gains/losses				(4,380)	4,380
Other comprehensive income (loss), net of income taxes					(2,114)			(2,114)
Purchase of treasury stock
Share-based compensation		1,136						1,136
Issuance of vested award shares		(849)		(184)		879		(154)
Balance at Jun. 30, 2024	230	96,581	(698)	197,827	(20,192)	(34,298)		239,450
Balance at Mar. 31, 2024	230	96,320	(698)	218,451	(23,858)	(34,599)		255,846
Battle Creek demutualization
Net loss				(16,236)				(16,236)
Impact of Westminster unrealized investment gains/losses				(4,380)	4,380
Other comprehensive income (loss), net of income taxes					(714)			(714)
Purchase of treasury stock
Share-based compensation		555						555
Issuance of vested award shares		(294)		(8)		301		(1)
Balance at Jun. 30, 2024	$ 230	$ 96,581	$ (698)	$ 197,827	$ (20,192)	$ (34,298)		$ 239,450

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ (9,817)	$ (12,735)
Less net income (loss) from discontinued operations, net of taxes	(1,512)	(11,973)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Net investment gains	(876)	(1,230)
Deferred income tax expense (benefit)	(491)	(3,690)
Depreciation of property and equipment	341	309
Amortization of intangibles		25
Share-based compensation	1,136	901
Amortization of deferred policy acquisition costs	36,107	31,788
Deferral of policy acquisition costs	(40,474)	(35,585)
Net amortization of premiums and discounts on investments	331	523
Gain on sale of property and equipment	(72)	(44)
Changes in operating assets and liabilities:
Premiums and agents’ balances receivable	(36,677)	(43,904)
Reinsurance premiums receivable / payable	(491)	253
Reinsurance recoverables on losses	(2,963)	(2,362)
Accrued investment income	(148)	(152)
Federal Crop Insurance Corporation receivable / payable	3,611	1,430
Other assets	(2,041)	(863)
Unpaid losses and loss adjustment expenses	29,342	23,238
Unearned premiums	31,630	34,754
Income tax recoverable / payable	(8,216)	4,534
Accrued expenses and other liabilities	6,658	8,343
Net cash flows from operating activities – continuing operations	16,707	18,268
Net cash flows from operating activities – discontinued operations	10,493	2,381
Net cash flows from operating activities – loss on sale of discontinued operations	15,865
Total adjustments	43,065	20,649
Net cash flows from operating activities	34,760	19,887
Cash flows from investing activities:
Proceeds from maturities and sales of fixed income securities	15,596	17,213
Proceeds from sales of equity securities	3,827	32,682
Purchases of fixed income securities	(32,239)	(32,365)
Purchases of equity securities	(3,935)	(3,244)
Purchases of property and equipment	(630)	(648)
Proceeds from sales of property and equipment	227	129
Proceeds from disposition of Westminster	10,500
Net cash flows from investing activities – continuing operations	(6,654)	13,767
Net cash flows from investing activities – discontinued operations	2,878	(12,650)
Net cash flows from investing activities	(3,776)	1,117
Cash flows from financing activities:
Purchases of treasury stock		(3,223)
Pooling (payments) receipts	(7,058)	(21,012)
Principal repayments of finance leases	(48)
Issuance of vested award shares	(154)	(174)
Net cash flows from financing activities – continuing operations	(7,260)	(24,409)
Net cash flows from financing activities – discontinued operations	7,058	21,012
Net cash flows from financing activities	(202)	(3,397)
Net change in cash and cash equivalents	30,782	17,607
(Increase) decrease in cash and cash equivalents – discontinued operations	(20,429)	(10,743)
Net increase (decrease) in cash and cash equivalents – continuing operations	10,353	6,864
Cash and cash equivalents at beginning of period – continuing operations	41,037	33,862
Cash and cash equivalents at end of period – continuing operations	51,390	40,726
Federal and state income taxes paid (net of refunds received)	$ 2,848	$ (940)

Organization

Organization	6 Months Ended
	Jun. 30, 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 unaudited 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 United States (“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. 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 for NI Holdings (“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 for NI Holdings (“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 I, Item 1, Note 19 “Discontinued Operations” of this Quarterly Report on Form 10-Q. 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, excluding Westminster, are rated “A” Excellent by A.M. Best Company, Inc. (“AM Best”), a global credit rating agency specializing in the insurance industry. The same executive management team provides oversight and strategic direction for the entire organization. Nodak Insurance provides common product oversight, pricing practices, and underwriting standards, as well as underwriting and claims administration, to itself, 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.

Basis of Presentation and Accou

Basis of Presentation and Accounting Policies	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Accounting Policies [Abstract]
Basis of Presentation and Accounting Policies	2. Basis of Presentation and Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. All material intercompany transactions and balances have been eliminated. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2023 Annual Report. The Consolidated Balance Sheet at December 31, 2023, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of the interim unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim unaudited consolidated financial statements and the reported amounts of revenues, claims, and expenses during the reporting period. Actual results could differ from those estimates. Operating results for the interim periods ended June 30, 2024, are not necessarily indicative of the results that may be expected for the year ended December 31, 2024. Our 2023 Annual Report describes the accounting policies and estimates that are critical to the understanding of our results of operations, financial condition, and liquidity. The accounting policies and estimation processes described in the 2023 Annual Report were consistently applied to the unaudited consolidated financial statements as of and for the six months ended June 30, 2024 and 2023. 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 expected post-closing payment from Scott Insurance Holdings, is $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, represents a strategic shift that will have a major effect on our operations and financial results. Therefore, Westminster will be 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 Form 10-Q. All current and prior periods reflected in this Form 10-Q have been presented as continuing and discontinued operations, unless otherwise noted. For additional information see Part I, Item 1, Note 19 “Discontinued Operations” of this Form 10-Q. Recent Accounting Pronouncements Adopted For information regarding accounting pronouncements that the Company adopted during the periods presented, see Item II, Part 8, Note 2 “Recent Accounting Pronouncements” section of the 2023 Annual Report. Not Yet Adopted Improvements to Reportable Segment Disclosures – In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance related to improving disclosures for reportable segments primarily through enhanced disclosures about significant segment expenses that are provided to the chief operating decision maker (“CODM”). This guidance also requires disclosure of the title and position of the CODM and an explanation of how the CODM uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years 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. Improvements to Income Tax Disclosures – In December 2023, the FASB issued guidance related to improving 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.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments [Abstract]
Investments	3. 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 June 30, 2024, and December 31, 2023, were as follows: June 30, 2024 Cost or Allowance for Gross Gross Fair Value Fixed income securities: U.S. Government and agencies $ 12,075 $ — $ 21 $ (355 ) $ 11,741 Obligations of states and political subdivisions 56,568 — 191 (4,897 ) 51,862 Corporate securities 125,282 — 138 (8,980 ) 116,440 Residential mortgage-backed securities 48,926 — 38 (5,061 ) 43,903 Commercial mortgage-backed securities 28,301 — 61 (3,324 ) 25,038 Asset-backed securities 54,596 — 236 (3,699 ) 51,133 Redeemable preferred stocks 3,738 — — (440 ) 3,298 Total fixed income securities $ 329,486 $ — $ 685 $ (26,756 ) $ 303,415 December 31, 2023 Cost or Allowance for Gross Gross 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 June 30, 2024, and December 31, 2023, were as follows: June 30, 2024 Cost or Allowance for Gross Gross Fair Value Fixed income securities: Continuing operations $ 329,486 $ — $ 685 $ (26,756 ) $ 303,415 Discontinued operations — — — — — Total fixed income securities $ 329,486 $ — $ 685 $ (26,756 ) $ 303,415 December 31, 2023 Cost or Allowance for Gross Gross 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. June 30, 2024 Amortized Cost Fair Value Due to mature: One year or less $ 12,663 $ 12,454 After one year through five years 64,545 61,560 After five years through ten years 72,035 65,882 After ten years 44,682 40,147 Mortgage / asset-backed securities 131,823 120,074 Redeemable preferred stocks 3,738 3,298 Total fixed income securities $ 329,486 $ 303,415 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 $7,245 at June 30, 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. June 30, 2024 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: U.S. Government and agencies $ 3,212 $ (28 ) $ 6,071 $ (327 ) $ 9,283 $ (355 ) Obligations of states and political subdivisions 9,019 (112 ) 36,207 (4,785 ) 45,226 (4,897 ) Corporate securities 14,678 (240 ) 91,589 (8,740 ) 106,267 (8,980 ) Residential mortgage-backed securities 8,535 (121 ) 30,354 (4,940 ) 38,889 (5,061 ) Commercial mortgage-backed securities 1,928 (42 ) 21,112 (3,282 ) 23,040 (3,324 ) Asset-backed securities 6,526 (43 ) 23,230 (3,656 ) 29,756 (3,699 ) Redeemable preferred stocks — — 3,297 (440 ) 3,297 (440 ) Total fixed income securities $ 43,898 $ (586 ) $ 211,860 $ (26,170 ) $ 255,758 $ (26,756 ) December 31, 2023 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized 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. June 30, 2024 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: Continuing operations $ 43,898 $ (586 ) $ 211,860 $ (26,170 ) $ 255,758 $ (26,756 ) Discontinued operations — — — — — — Total fixed income securities $ 43,898 $ (586 ) $ 211,860 $ (26,170 ) $ 255,758 $ (26,756 ) December 31, 2023 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized 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 as of the six months ended June 30, 2024 or the year ended December 31, 2023. See Item II, Part 8, Note 3 “Summary of Significant Accounting Policies” section of the 2023 Annual Report for additional information. Net investment income for continuing and discontinued operations consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Fixed income securities $ 2,624 $ 2,283 $ 5,496 $ 4,466 Equity securities 182 207 423 448 Real estate 92 97 189 195 Cash and cash equivalents 432 67 869 99 Total gross investment income 3,330 2,654 6,977 5,208 Investment expenses 807 731 1,699 1,594 Net investment income – continuing operations 2,523 1,923 5,278 3,614 Net investment income – discontinued operations 621 582 1,419 1,130 Net investment income $ 3,144 $ 2,505 $ 6,697 $ 4,744 Net investment gains (losses) for continuing and discontinued operations consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Gross realized gains: Fixed income securities $ — $ — $ 9 $ — Equity securities 191 344 381 13,018 Total gross realized gains 191 344 390 13,018 Gross realized losses, excluding credit impairment losses: Fixed income securities — (185 ) (15 ) (440 ) Equity securities (182 ) (257 ) (457 ) (1,041 ) Total gross realized losses, excluding credit impairment losses (182 ) (442 ) (472 ) (1,481 ) Net realized gains (losses) 9 (98 ) (82 ) 11,537 Change in net unrealized gains on equity securities (589 ) (75 ) 958 (10,307 ) Net investment gains (losses) – continuing operations (580 ) (173 ) 876 1,230 Net investment gains (losses) – discontinued operations (256 ) (1 ) 116 12 Net investment gains (losses) $ (836 ) $ (174 ) $ 992 $ 1,242

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	4. 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 three or six months ended June 30, 2024, or the year ended December 31, 2023. 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 June 30, 2024, or December 31, 2023. The following tables, presented on a consolidated basis, including both continuing and discontinued operations, 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: June 30, 2024 Total Level 1 Level 2 Level 3 Fixed income securities: U.S. Government and agencies $ 11,741 $ — $ 11,741 $ — Obligations of states and political subdivisions 51,862 — 51,862 — Corporate securities 116,440 — 116,440 — Residential mortgage-backed securities 43,903 — 43,903 — Commercial mortgage-backed securities 25,038 — 25,038 — Asset-backed securities 51,133 — 51,133 — Redeemable preferred stock 3,298 — 3,298 — Total fixed income securities 303,415 — 303,415 — Equity securities: Common stock 22,973 22,973 — — Non-redeemable preferred stock — — — — Total equity securities 22,973 22,973 — — Money market accounts and cash equivalents 18,108 18,108 — — Total assets at fair value $ 344,496 $ 41,081 $ 303,415 $ — 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 stock 4,161 — 4,161 — Total fixed income securities 347,731 — 347,731 — Equity securities: Common stock 25,890 25,890 — — Non-redeemable preferred stock 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: June 30, 2024 Total Level 1 Level 2 Level 3 Fixed income securities: Continuing operations $ 303,415 $ — $ 303,415 $ — Discontinued operations — — — — Total fixed income securities 303,415 — 303,415 — Equity securities: Continuing operations 22,973 22,973 — — Discontinued operations — — — — Total equity securities 22,973 22,973 — — Money market accounts and cash equivalents Continuing operations 18,108 18,108 — — Discontinued operations — — — — Total money market accounts and cash equivalents 18,108 18,108 — — Total assets at fair value $ 344,496 $ 41,081 $ 303,415 $ — 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 June 30, 2024, or December 31, 2023.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2024
Reinsurance [Abstract]
Reinsurance	5. 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. During the six-month period ended June 30, 2024, the Company maintained property catastrophe reinsurance protection covering $133,000 in excess of a $20,000 retention. With the exception of Westminster, 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. For Westminster, per risk excess of loss treaties provided coverage of $3,000 in excess of $2,000 for property risks and $10,000 in excess of $2,000 for casualty risks. Additionally, facultative contracts are 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 Federal Crop Insurance Corporation (“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 six-month period ended June 30, 2024. In addition, limits, retentions, and attachment points in our other reinsurance contracts were also consistent with those for the six-month period ended June 30, 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). 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 credit loss model (current expected credit losses or “CECL”). See the Part II, Item 8, Note 2 “Recent Accounting Pronouncements” section of the 2023 Annual Report 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 June 30, 2024, and December 31, 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: Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 140,488 $ 111,082 $ 144,250 $ 106,162 Assumed premium 2,340 653 2,440 827 Ceded premium (16,265 ) (11,183 ) (20,439 ) (12,843 ) Net premiums $ 126,563 $ 100,552 $ 126,251 $ 94,146 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 243,145 $ 205,982 $ 234,806 $ 191,636 Assumed premium 2,477 804 2,839 1,403 Ceded premium (26,072 ) (20,677 ) (28,898 ) (21,266 ) Net premiums $ 219,550 $ 186,109 $ 208,747 $ 171,773 The reconciliations for current quarter continuing and discontinued operations by duration of the Company’s direct to net premiums on both a written and an earned basis are shown below. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Continuing operations: Direct premium $ 118,472 $ 91,500 $ 121,576 $ 86,622 Assumed premium 2,340 653 2,440 827 Ceded premium (11,663 ) (6,984 ) (15,984 ) (8,614 ) Net premiums $ 109,149 $ 85,169 $ 108,032 $ 78,835 Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Discontinued operations: Direct premium $ 22,016 $ 19,582 $ 22,674 $ 19,540 Assumed premium — — — — Ceded premium (4,602 ) (4,199 ) (4,455 ) (4,229 ) Net premiums $ 17,414 $ 15,383 $ 18,219 $ 15,311 The reconciliations for year-to-date continuing and discontinued operations by duration of the Company’s direct to net premiums on both a written and an earned basis are shown below. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Continuing operations: Direct premium $ 201,513 $ 166,899 $ 193,948 $ 153,292 Assumed premium 2,477 804 2,839 1,403 Ceded premium (17,329 ) (12,650 ) (20,359 ) (12,989 ) Net premiums $ 186,661 $ 155,053 $ 176,428 $ 141,706 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Discontinued operations: Direct premium $ 41,632 $ 39,083 $ 40,858 $ 38,344 Assumed premium — — — — Ceded premium (8,743 ) (8,027 ) (8,539 ) (8,277 ) Net premiums $ 32,889 $ 31,056 $ 32,319 $ 30,067 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Direct losses and loss adjustment expenses $ 88,568 $ 95,149 $ 143,222 $ 166,010 Assumed losses and loss adjustment expenses 224 67 269 157 Ceded losses and loss adjustment expenses (7,993 ) (17,710 ) (10,483 ) (29,836 ) Net losses and loss adjustment expenses $ 80,799 $ 77,506 $ 133,008 $ 136,331 The reconciliations for current and prior year continuing and discontinued operations of direct to net losses and loss adjustment expenses is as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Direct losses and loss adjustment expenses $ 73,350 $ 66,211 $ 114,869 $ 108,164 Assumed losses and loss adjustment expenses 224 67 269 157 Ceded losses and loss adjustment expenses (4,216 ) (6,201 ) (5,636 ) (7,119 ) Net losses and loss adjustment expenses $ 69,358 $ 60,077 $ 109,502 $ 101,202 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Discontinued operations: Direct losses and loss adjustment expenses $ 15,218 $ 28,938 $ 28,353 $ 57,846 Assumed losses and loss adjustment expenses — — — — Ceded losses and loss adjustment expenses (3,777 ) (11,509 ) (4,847 ) (22,717 ) Net losses and loss adjustment expenses $ 11,441 $ 17,429 $ 23,506 $ 35,129 If 100% of our ceded reinsurance was cancelled as of June 30, 2024, or December 31, 2023, no ceded commissions would need to be returned to the reinsurers. Reinsurance contracts are typically effective from January 1 through December 31 each year. 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 will cease to be a member of the pool. For the six months ended June 30, 2024, and the year ended December 31, 2023, the pooling share percentages by insurance company were: Pool Percentage Nodak Insurance Company 66.0% American West Insurance Company 7.0% Primero Insurance Company 3.0% Battle Creek Insurance Company 2.0% Direct Auto Insurance Company 13.0% Westminster American Insurance Company 9.0% Total 100.0%

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	6 Months Ended
	Jun. 30, 2024
Deferred Policy Acquisition Costs [Abstract]
Deferred Policy Acquisition Costs	6. 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 36,565 $ 31,350 $ 34,120 $ 29,768 Deferral of policy acquisition costs 25,962 23,353 49,070 43,523 Amortization of deferred policy acquisition costs (23,372 ) (20,579 ) (44,035 ) (39,167 ) Westminster balance disposed in sale (7,998 ) — (7,998 ) — Balance, end of period $ 31,157 $ 34,124 $ 31,157 $ 34,124 The tables for current and prior year continuing and discontinued operations showing the deferred policy acquisition costs and assets reconciliation are shown below: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Balance, beginning of period $ 28,948 $ 24,210 $ 26,790 $ 22,675 Deferral of policy acquisition costs 21,499 19,046 40,474 35,585 Amortization of deferred policy acquisition costs (19,290 ) (16,784 ) (36,107 ) (31,788 ) Balance, end of period $ 31,157 $ 26,472 $ 31,157 $ 26,472 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Discontinued operations: Balance, beginning of period $ 7,617 $ 7,140 $ 7,330 $ 7,093 Deferral of policy acquisition costs 4,464 4,307 8,596 7,938 Amortization of deferred policy acquisition costs (4,083 ) (3,795 ) (7,928 ) (7,379 ) Balance, end of period $ 7,998 $ 7,652 $ 7,998 $ 7,652

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2024
Unpaid Losses and Loss Adjustment Expenses [Abstract]
Unpaid Losses and Loss Adjustment Expenses	7. 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: Six Months Ended June 30, 2024 2023 Balance, beginning of period: Liability for unpaid losses and loss adjustment expenses $ 217,119 $ 190,459 Reinsurance recoverables on losses 48,969 37,575 Net balance, beginning of period 168,150 152,884 Incurred related to: Current year 125,235 126,854 Prior years 7,773 9,477 Total incurred 133,008 136,331 Paid related to: Current year 45,494 50,010 Prior years 54,372 60,675 Total paid 99,866 110,685 Westminster balances disposed in sale: Liability for unpaid losses and loss adjustment expenses 107,508 — Reinsurance recoverables on losses 45,320 — Net balance, end of period 62,188 — Balance, end of period: Liability for unpaid losses and loss adjustment expenses 148,527 232,038 Reinsurance recoverables on losses 9,423 53,508 Net balance, end of period $ 139,104 $ 178,530 During the six months ended June 30, 2024, the Company’s incurred reported losses and loss adjustment expenses included $7,773 of net unfavorable development on prior accident years, primarily attributable to Direct Auto. During the six months ended June 30, 2023, the Company’s incurred reported losses and loss adjustment expenses included $9,477 of net unfavorable development on prior accident years, primarily attributable to Direct Auto and Westminster. 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: Six Months Ended June 30, 2024 2023 Continuing operations: Balance, beginning of period: Liability for unpaid losses and loss adjustment expenses $ 119,185 $ 114,296 Reinsurance recoverables on losses 6,460 8,586 Net balance, beginning of period 112,725 105,710 Incurred related to: Current year 101,120 100,574 Prior years 8,382 628 Total incurred 109,502 101,202 Paid related to: Current year 39,930 41,857 Prior years 43,193 38,468 Total paid 83,123 80,325 Balance, end of period: Liability for unpaid losses and loss adjustment expenses 148,527 137,535 Reinsurance recoverables on losses 9,423 10,948 Net balance, end of period $ 139,104 $ 126,587 Six Months Ended June 30, 2024 2023 Discontinued operations: Balance, beginning of period: Liability for unpaid losses and loss adjustment expenses $ 97,934 $ 76,163 Reinsurance recoverables on losses 42,509 28,989 Net balance, beginning of period 55,425 47,174 Incurred related to: Current year 24,115 26,280 Prior years (609 ) 8,849 Total incurred 23,506 35,129 Paid related to: Current year 5,564 8,153 Prior years 11,179 22,207 Total paid 16,743 30,360 Balance, end of period: Liability for unpaid losses and loss adjustment expenses 107,508 94,503 Reinsurance recoverables on losses 45,320 42,560 Net balance, end of period $ 62,188 $ 51,943

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2024
Property and Equipment [Abstract]
Property and Equipment	8. Property and Equipment Property and equipment, presented on a consolidated basis, including both continuing and discontinued operations, consisted of the following: June 30, 2024 December 31, 2023 Estimated Useful Life Cost: Land $ 1,249 $ 1,403 indefinite Building and improvements 12,259 14,538 10 – 43 years Electronic data processing equipment 1,441 1,441 5 – 7 years Furniture and fixtures 2,733 2,953 5 – 7 years Automobiles 1,265 1,319 2 – 3 years Gross cost 18,947 21,654 Accumulated depreciation (11,361 ) (11,757 ) Total property and equipment, net $ 7,586 $ 9,897 Depreciation expense was $187 and $188 for the three months ended June 30, 2024 and 2023, respectively, and $430 and $370 for the six months ended June 30, 2024 and 2023, respectively. Depreciation expense for continuing operations was $187 and $156 for the three months ended June 30, 2024 and 2023, respectively, and $341 and $309 for the six months ended June 30, 2024 and 2023, respectively. The depreciation expense for discontinued operations for the three months ended June 30, 2024, was $0 due to the impact of an asset transfer from Westminster to Nodak Insurance during the quarter. Property and equipment for current and prior year continuing and discontinued operations consisted of the following: June 30, 2024 Cost: Continuing operations $ 18,947 Discontinued operations — Total cost 18,947 Accumulated depreciation Continuing operations (11,361 ) Discontinued operations — Total accumulated depreciation (11,361 ) Total property and equipment, net $ 7,586 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

Goodwill and Other Intangibles	6 Months Ended
	Jun. 30, 2024
Goodwill and Other Intangibles [Abstract]
Goodwill and Other Intangibles	9. 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: Six Months Ended June 30, 2024 Year Ended December 31, 2023 Non-Standard Commercial Total Non-Standard Commercial Total Goodwill, original recorded value $ 2,628 $ 6,756 $ 9,384 $ 2,628 $ 6,756 $ 9,384 Accumulated impairment losses at the beginning of the period — (6,756 ) (6,756 ) — — — Goodwill, beginning of period 2,628 — 2,628 2,628 6,756 9,384 Impairment recognized during the period — — — — (6,756 ) (6,756 ) Goodwill, end of period $ 2,628 $ — $ 2,628 $ 2,628 $ — $ 2,628 Based on the qualitative analyses performed for the goodwill related to our Non-Standard Auto segment, we concluded that goodwill was not impaired as of June 30, 2024, or December 31, 2023. During the fourth quarter of 2023, we performed a quantitative assessment of the goodwill related to the Westminster acquisition, which was allocated to our 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. See the Part II, Item 8, Note 10 “Goodwill and Other Intangibles” section of the 2023 Annual Report for additional information. 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: June 30, 2024 Gross Carrying Accumulated Net Subject to amortization: Trade names $ 248 $ 248 $ — Distribution network — — — Total subject to amortization 248 248 — Not subject to amortization: State insurance licenses 100 — 100 Total $ 348 $ 248 $ 100 December 31, 2023 Gross Carrying Accumulated 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: June 30, 2024 Gross Carrying Accumulated Net Subject to amortization: Continuing operations $ 248 $ 248 $ — Discontinued operations — — — Total subject to amortization 248 248 — Not subject to amortization Continuing operations 100 — 100 Discontinued operations — — — Total property and equipment, net 348 248 100 December 31, 2023 Gross Carrying Accumulated 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 property and equipment, net 9,348 1,937 7,411 We determined during our reviews that other indefinite-lived intangible assets and finite-lived intangible assets were not impaired as of June 30, 2024, or December 31, 2023. Amortization expense was $105 and $118 for the three months ended June 30, 2024 and 2023, respectively, and $211 and $236 for the six months ended June 30, 2024 and 2023, respectively. Amortization expense for continuing operations was $0 and $12 for the three months ended June 30, 2024 and 2023, respectively, and $0 and $25 for the six months ended June 30, 2024 and 2023, respectively.

Royalties, Dividends, and Affil

Royalties, Dividends, and Affiliations	6 Months Ended
	Jun. 30, 2024
Royalties, Dividends, and Affiliations [Abstract]
Royalties, Dividends, and Affiliations	10. Royalties, Dividends, and Affiliations North Dakota Farm Bureau Nodak Insurance was organized by the North Dakota Farm Bureau (“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 $480 and $442 during the three months ended June 30, 2024 and 2023, respectively, and $883 and $799 for the six months ended June 30, 2024 and 2023, respectively. Royalty amounts payable of $175 and $131 were accrued as a liability to the NDFB at June 30, 2024, and December 31, 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, 2023, exceeded the amount of statutory capital and surplus necessary to satisfy risk-based capital requirements by a significant margin. For information regarding the availability of subsidiaries to pay dividends to NI Holdings during 2024, see Item II, Part 8, Note 12 “Related Party Transactions” section of the 2023 Annual Report. 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.

Benefit Plans

Benefit Plans	6 Months Ended
	Jun. 30, 2024
Benefit Plans [Abstract]
Benefit Plans	11. 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 $210 and $189 during the three months ended June 30, 2024 and 2023, respectively, and $420 and $378 during the six months ended June 30, 2024 and 2023, 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 $33 and $45 during the three months ended June 30, 2024 and 2023, respectively, and $231 and $212 during the six months ended June 30, 2024 and 2023, respectively. In connection with our initial public offering (“IPO”) in March 2017, the Company established its Employee Stock Ownership Plan (the “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 $92 and $83 during the three months ended June 30, 2024 and 2023, respectively, and $176 and $164 during the six months ended June 30, 2024 and 2023, respectively. Through June 30, 2024, and December 31, 2023, the Company had released and allocated 170,205 ESOP shares to participants, with a remainder of 69,795 ESOP shares in suspense at June 30, 2024, and December 31, 2023. Using the Company’s quarter-end market price of $15.30 per share, the fair value of the unearned ESOP shares was $1,068 at June 30, 2024.

Line of Credit

Line of Credit	6 Months Ended
	Jun. 30, 2024
Line of Credit [Abstract]
Line of Credit	12. 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

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Income Taxes	13. Income Taxes Due to the Battle Creek demutualization, the Company established a net valuation allowance of $346 against their net operating loss carryforwards deferred income tax asset. At June 30, 2024, and December 31, 2023, we had no No Federal income taxes for the six months ended June 30, 2024, were allocated to continuing and discontinued operations at a 21.1% effective tax rate, with continuing operations ending with a 42.0% effective tax rate due to the sale of Westminster and the establishment of the valuation allowance for Battle Creek described above.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	14. Leases Primero leases a facility in Spearfish, South Dakota under a non-cancellable operating lease expiring in 2028, and leases a facility in Las Vegas, Nevada on a month-to-month basis. 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” section of the 2023 Annual Report 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 the Consolidated Balance Sheets. There were expenses of $122 and $98 related to these leases during the three months ended June 30, 2024 and 2023, respectively, and $244 and $196 during the six months ended June 30, 2024 and 2023. Additional information regarding the Company’s leases are as follows: As of and For the Three Months As of and For the Six Months 2024 2023 2024 2023 Operating lease expense $ 96 $ 98 $ 192 $ 196 Finance lease cost — Amortization of right-of-use assets 20 — 40 — Interest on lease liabilities 6 — 12 — Finance lease cost 26 — 52 — Total lease cost $ 122 $ 98 $ 244 $ 196 Other information on leases: Cash payments included in operating cash flows from operating leases $ 102 $ 103 $ 203 $ 204 Cash payments included in operating cash flows from finance leases 6 — 12 — Cash payments included in financing cash flows from finance leases 24 — 48 — Right-of-use assets obtained in exchange for new operating lease liabilities 185 247 185 247 Right-of-use assets obtained in exchange for new finance lease liabilities — — — — Weighted average discount rate – operating leases 4.46% 3.95% 4.46% 3.95% Weighted average discount rate – finance leases 8.50% — 8.50% — Weighted average remaining lease term in years – operating leases 4.9 years 5.8 years 4.9 years 5.8 years Weighted average remaining lease term in years – finance leases 2.3 years — 2.3 years — The following table presents the contractual maturities of the Company’s operating leases for each of the five years in the period ending December 31, 2028, and thereafter, reconciled to the Company’s operating lease liability at June 30, 2024. Year ending December 31, Operating Leases Finance Leases Total 2024 (six months remaining) $ 196 $ 60 $ 256 2025 393 120 512 2026 396 100 497 2027 401 — 401 2028 376 — 376 Thereafter 212 — 212 Total undiscounted lease payments 1,974 280 2,254 Less: present value adjustment 193 26 218 Lease liability at June 30, 2024 $ 1,781 $ 254 $ 2,036

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2024
Contingencies [Abstract]
Contingencies	15. Contingencies We have been named as a defendant in various lawsuits relating to our insurance operations. Contingent liabilities arising from litigation, income taxes, and other matters are not considered to be material to our financial position.

Common and Preferred Stock

Common and Preferred Stock	6 Months Ended
	Jun. 30, 2024
Common and Preferred Stock [Abstract]
Common and Preferred Stock	16. Common and Preferred Stock Common Stock Changes in the number of common stock shares outstanding were as follows: Six Months Ended June 30, 2024 2023 Shares outstanding, beginning of period 20,599,908 21,076,255 Treasury shares repurchased through stock repurchase authorization — (238,164 ) Issuance of treasury shares for vesting of restricted stock units 48,734 47,887 Shares outstanding, end of period 20,648,642 20,885,978 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 three- and six-month periods ended June 30, 2024, excluded the weighted average effects of 127,108 and 120,206 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 three- and six-month periods ended June 30, 2023, excluded the weighted average effects of 61,935 and 61,614 shares of stock awards since the impacts of these potential shares of common stock were anti-dilutive. 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 six months ended June 30, 2024, we did not The cost of this treasury stock is a reduction of shareholders’ equity within our Consolidated Balance Sheets. 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.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Compensation [Abstract]
Share-Based Compensation	17. 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 Units outstanding and unearned at January 1, 2023 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 103,600 14.45 RSUs earned during 2024 (69,420 ) 14.82 Units outstanding and unearned at June 30, 2024 180,760 15.06 The following table shows the impact of RSU activity to the Company’s financial results: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 RSU compensation expense $ 371 $ 257 $ 767 $ 559 Income tax benefit (84 ) (58 ) (174 ) (127 ) RSU compensation expense, net of income taxes $ 287 $ 199 $ 593 $ 432 At June 30, 2024, there was $1,620 of unrecognized compensation cost related to outstanding RSUs. That cost is expected to be recognized over a weighted-average period of 1.36 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 Units outstanding at January 1, 2023 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) (64,600 ) 18.64 Forfeitures — — Units outstanding at June 30, 2024 229,000 15.12 (1) Represents the change in PSUs issued based upon the attainment of performance goals established by the Company. The following table shows the impact of PSU activity to the Company’s financial results: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 PSU compensation expense $ 184 $ 139 $ 369 $ 277 Income tax benefit (42 ) (32 ) (84 ) (63 ) PSU compensation expense, net of income taxes $ 142 $ 107 $ 285 $ 214 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 150% of the initial target awards. As of December 31, 2023, the previously recognized compensation expense related to the PSU awards granted during 2022 and 2021 was eliminated due to the Company's expectation that the threshold performance goal will not be met. At June 30, 2024, there was $1,591 of unrecognized compensation cost related to outstanding PSUs. That cost is expected to be recognized over a weighted-average period of 2.26 years.

Allowance for Expected Credit L

Allowance for Expected Credit Losses	6 Months Ended
	Jun. 30, 2024
Allowance for Expected Credit Losses [Abstract]
Allowance for Expected Credit Losses	18. Allowance for Expected Credit Losses Premiums Receivable The following table presents the balances of premiums and agents’ balances receivable, net of the allowance for expected credit losses as of June 30, 2024, and the changes in the allowance for expected credit losses for the three and six months ended June 30, 2024 for continuing and discontinued operations. As of and For the Three Months As of and For the Three Months Ended Premiums and Allowance for Premiums and Allowance for Continuing operations: Balance, beginning of period $ 59,979 $ 216 $ 49,587 $ 437 Current period charge for expected credit losses 251 187 Write-offs of uncollectible premiums receivable (119 ) (198 ) Balance, end of period $ 92,831 $ 348 $ 91,249 $ 426 As of and For the Six Months Ended As of and For the Six Months Ended Premiums and Allowance for Premiums and Allowance for Continuing operations: Balance, beginning of period $ 56,154 $ 394 $ 47,346 $ 417 Current period charge for expected credit losses 132 274 Write-offs of uncollectible premiums receivable (178 ) (265 ) Balance, end of period $ 92,831 $ 348 $ 91,249 $ 426 As of and For the Three Months As of and For the Three Months Premiums and Allowance for Premiums and Allowance for Discontinued operations: Balance, beginning of period $ 19,727 $ 8 $ 14,915 $ 8 Current period charge for expected credit losses 2 2 Write-offs of uncollectible premiums receivable (2 ) (2 ) Balance, end of period $ 16,030 $ 8 $ 15,697 $ 8 As of and For the Six Months As of and For the Six Months Ended Premiums and Allowance for Premiums and Allowance for Discontinued operations: Balance, beginning of period $ 17,904 $ 8 $ 14,827 $ 8 Current period charge for expected credit losses 4 4 Write-offs of uncollectible premiums receivable (4 ) (4 ) Balance, end of period $ 16,030 $ 8 $ 15,697 $ 8

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2024
Discontinued Operations [Abstract]
Discontinued Operations	19. 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 $7,762. For additional information see Part I, Item 1, Note 2 “Basis of Presentation and Accounting Policies” of this Form 10-Q. 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: June 30, 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues: Net premiums earned $ 15,383 $ 15,311 $ 31,056 $ 30,067 Fee and other income 7 9 14 22 Net investment income 621 582 1,419 1,130 Net investment gains (losses) (256 ) (1 ) 116 12 Total revenues 15,755 15,901 32,605 31,231 Expenses: Losses and loss adjustment expenses 11,441 17,429 23,506 35,129 Amortization of deferred policy acquisition costs 4,083 3,795 7,928 7,379 Other underwriting and general expenses 1,495 1,820 3,088 3,675 Total expenses 17,019 23,044 34,522 46,183 Loss before income taxes (1,264 ) (7,143 ) (1,917 ) (14,952 ) Income tax benefit (268 ) (1,484 ) (405 ) (2,979 ) Net loss $ (996 ) $ (5,659 ) $ (1,512 ) $ (11,973 ) Loss per common share from discontinued operations: Basic $ (0.41 ) $ (0.26 ) $ (0.44 ) $ (0.56 ) Diluted $ (0.41 ) $ (0.26 ) $ (0.44 ) $ (0.56 )

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Information [Abstract]
Segment Information	20. 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 three- and six-month periods ended June 30, 2024 and 2023. 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 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, 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. Three Months Ended June 30, 2024 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 23,395 $ 26,820 $ 24,999 $ 13,118 $ 3,168 $ 91,500 Assumed premiums earned — — — 503 150 653 Ceded premiums earned (924 ) (77 ) (3,075 ) (2,643 ) (265 ) (6,984 ) Net premiums earned 22,471 26,743 21,924 10,978 3,053 85,169 Direct losses and loss adjustment expenses 20,899 19,313 22,574 8,916 1,648 73,350 Assumed losses and loss adjustment expenses — — — 247 (23 ) 224 Ceded losses and loss adjustment expenses (970 ) — (548 ) (1,852 ) (846 ) (4,216 ) Net losses and loss adjustment expenses 19,929 19,313 22,026 7,311 779 69,358 Gross margin 2,542 7,430 (102 ) 3,667 2,274 15,811 Underwriting and general expenses 6,836 10,261 7,246 1,712 1,464 27,519 Underwriting gain (loss) (4,294 ) (2,831 ) (7,348 ) 1,955 810 (11,708 ) Fee and other income 340 695 (2,491 ) Net investment income 2,523 Net investment gains (losses) (580 ) Loss before income taxes (9,070 ) Income tax expense (benefit) (1,592 ) Net loss (7,478 ) Net loss attributable to non-controlling interest — Net loss attributable to NI Holdings, Inc. $ (7,478 ) Operating Ratios: Loss and loss adjustment expense ratio 88.7% 72.2% 100.5% 66.6% 25.5% 81.4% Expense ratio 30.4% 38.4% 33.1% 15.6% 48.0% 32.3% Combined ratio 119.1% 110.6% 133.6% 82.2% 73.5% 113.7% Balances at June 30, 2024: Premiums and agents’ balances receivable $ 26,393 $ 15,357 $ 11,927 $ 36,382 $ 2,772 $ 92,831 Deferred policy acquisition costs 6,719 11,533 9,598 2,120 1,187 31,157 Reinsurance recoverables on 930 — 2,726 1,685 4,082 9,423 Receivable from Federal Crop Insurance Corporation — — — 13,793 — 13,793 Goodwill and other intangibles — 2,728 — — — 2,728 Unpaid losses and loss adjustment expenses 33,643 69,951 26,336 8,770 9,827 148,527 Unearned premiums 38,682 36,170 54,147 21,695 7,036 157,730 Three Months Ended June 30, 2023 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 21,508 $ 21,744 $ 22,994 $ 17,526 $ 2,850 $ 86,622 Assumed premiums earned — — — 501 326 827 Ceded premiums earned (965 ) (99 ) (2,580 ) (4,691 ) (279 ) (8,614 ) Net premiums earned 20,543 21,645 20,414 13,336 2,897 78,835 Direct losses and loss adjustment expenses 18,456 14,139 18,414 12,702 2,500 66,211 Assumed losses and loss adjustment expenses — — — — 67 67 Ceded losses and loss adjustment expenses 411 — (499 ) (4,492 ) (1,621 ) (6,201 ) Net losses and loss adjustment expenses 18,867 14,139 17,915 8,210 946 60,077 Gross margin 1,676 7,506 2,499 5,126 1,951 18,758 Underwriting and general expenses 5,796 8,730 6,194 2,683 856 24,259 Underwriting gain (loss) (4,120 ) (1,224 ) (3,695 ) 2,443 1,095 (5,501 ) Fee and other income 239 490 (985 ) Net investment income 1,923 Net investment gains (losses) (173 ) Loss before income taxes (3,261 ) Income tax expense (benefit) (685 ) Net loss (2,576 ) Net loss attributable to non-controlling interest (113 ) Net loss attributable to NI Holdings, Inc. $ (2,463 ) Operating Ratios: Loss and loss adjustment expense ratio 91.8% 65.3% 87.8% 61.6% 32.7% 76.2% Expense ratio 28.3% 40.3% 30.3% 20.0% 29.5% 30.9% Combined ratio 120.1% 105.6% 118.1% 81.6% 62.2% 107.1% Balances at June 30, 2023: Premiums and agents’ balances receivable $ 23,840 $ 10,322 $ 9,793 $ 44,950 $ 2,344 $ 91,249 Deferred policy acquisition costs 5,785 8,870 7,974 2,832 1,009 26,470 Reinsurance recoverables on 727 — 4,691 3,114 2,416 10,948 Receivable from Federal Crop Insurance Corporation — — — 14,032 — 14,032 Goodwill and other intangibles — 2,736 — — — 2,736 Unpaid losses and loss adjustment expenses 31,935 52,866 30,503 11,603 10,628 137,535 Unearned premiums 35,317 28,067 48,690 27,193 6,412 145,679 Six Months Ended June 30, 2024 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 46,619 $ 51,878 $ 49,244 $ 12,915 $ 6,243 $ 166,899 Assumed premiums earned — — — 503 301 804 Ceded premiums earned (2,046 ) (147 ) (5,905 ) (3,989 ) (563 ) (12,650 ) Net premiums earned 44,573 51,731 43,339 9,429 5,981 155,053 Direct losses and loss adjustment expenses 32,308 36,182 35,356 6,955 4,068 114,869 Assumed losses and loss adjustment expenses — — — 247 22 269 Ceded losses and loss adjustment expenses (1,086 ) — (1,149 ) (1,448 ) (1,953 ) (5,636 ) Net losses and loss adjustment expenses 31,222 36,182 34,207 5,754 2,137 109,502 Gross margin 13,351 15,549 9,132 3,675 3,844 45,551 Underwriting and general expenses 13,857 20,565 13,943 1,711 2,965 53,041 Underwriting gain (loss) (506 ) (5,016 ) (4,811 ) 1,964 879 (7,490 ) Fee and other income 690 1,099 (4,326 ) Net investment income 5,278 Net investment gains (losses) 876 Loss before income taxes (237 ) Income tax expense (benefit) 306 Net loss (543 ) Net loss attributable to non-controlling interest — Net loss attributable to NI Holdings, Inc. $ (543 ) Operating Ratios: Loss and loss adjustment expense ratio 70.0% 69.9% 78.9% 61.0% 35.7% 70.6% Expense ratio 31.1% 39.8% 32.2% 18.1% 49.6% 34.2% Combined ratio 101.1% 109.7% 111.1% 79.1% 85.3% 104.8% Six Months Ended June 30, 2023 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 42,050 $ 42,716 $ 45,426 $ 17,516 $ 5,584 $ 153,292 Assumed premiums earned — — — 501 902 1,403 Ceded premiums earned (1,853 ) (192 ) (5,021 ) (5,405 ) (518 ) (12,989 ) Net premiums earned 40,197 42,524 40,405 12,612 5,968 141,706 Direct losses and loss adjustment expenses 34,081 31,177 27,937 12,032 2,937 108,164 Assumed losses and loss adjustment expenses — — — — 157 157 Ceded losses and loss adjustment expenses 412 — (1,303 ) (4,597 ) (1,631 ) (7,119 ) Net losses and loss adjustment expenses 34,493 31,177 26,634 7,435 1,463 101,202 Gross margin 5,704 11,347 13,771 5,177 4,505 40,504 Underwriting and general expenses 12,279 17,791 12,464 2,715 1,815 47,064 Underwriting gain (loss) (6,575 ) (6,444 ) 1,307 2,462 2,690 (6,560 ) Fee and other income 471 751 (5,973 ) Net investment income 3,614 Net investment gains (losses) 1,230 Loss before income taxes (965 ) Income tax expense (benefit) (203 ) Net loss (762 ) Net loss attributable to non-controlling interest (403 ) Net loss attributable to NI Holdings, Inc. $ (359 ) Operating Ratios: Loss and loss adjustment expense ratio 85.8% 73.3% 65.9% 59.0% 24.5% 71.4% Expense ratio 30.5% 41.8% 30.8% 21.5% 30.4% 33.2% Combined ratio 116.3% 115.1% 96.7% 80.5% 54.9% 104.6%

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (16,236)	$ (8,122)	$ (9,817)	$ (12,332)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 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

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. All material intercompany transactions and balances have been eliminated. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2023 Annual Report. The Consolidated Balance Sheet at December 31, 2023, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of the interim unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim unaudited consolidated financial statements and the reported amounts of revenues, claims, and expenses during the reporting period. Actual results could differ from those estimates. Operating results for the interim periods ended June 30, 2024, are not necessarily indicative of the results that may be expected for the year ended December 31, 2024. Our 2023 Annual Report describes the accounting policies and estimates that are critical to the understanding of our results of operations, financial condition, and liquidity. The accounting policies and estimation processes described in the 2023 Annual Report were consistently applied to the unaudited consolidated financial statements as of and for the six months ended June 30, 2024 and 2023.
Discontinued Operations	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 expected post-closing payment from Scott Insurance Holdings, is $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, represents a strategic shift that will have a major effect on our operations and financial results. Therefore, Westminster will be 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 Form 10-Q. All current and prior periods reflected in this Form 10-Q have been presented as continuing and discontinued operations, unless otherwise noted. For additional information see Part I, Item 1, Note 19 “Discontinued Operations” of this Form 10-Q.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted For information regarding accounting pronouncements that the Company adopted during the periods presented, see Item II, Part 8, Note 2 “Recent Accounting Pronouncements” section of the 2023 Annual Report. Not Yet Adopted Improvements to Reportable Segment Disclosures – In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance related to improving disclosures for reportable segments primarily through enhanced disclosures about significant segment expenses that are provided to the chief operating decision maker (“CODM”). This guidance also requires disclosure of the title and position of the CODM and an explanation of how the CODM uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years 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. Improvements to Income Tax Disclosures – In December 2023, the FASB issued guidance related to improving 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.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments [Abstract]
Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities for Continuing and Discontinued Operations	The amortized cost and estimated fair value of fixed income securities, presented on a consolidated basis, including both continuing and discontinued operations, as of June 30, 2024, and December 31, 2023, were as follows: June 30, 2024 Cost or Allowance for Gross Gross Fair Value Fixed income securities: U.S. Government and agencies $ 12,075 $ — $ 21 $ (355 ) $ 11,741 Obligations of states and political subdivisions 56,568 — 191 (4,897 ) 51,862 Corporate securities 125,282 — 138 (8,980 ) 116,440 Residential mortgage-backed securities 48,926 — 38 (5,061 ) 43,903 Commercial mortgage-backed securities 28,301 — 61 (3,324 ) 25,038 Asset-backed securities 54,596 — 236 (3,699 ) 51,133 Redeemable preferred stocks 3,738 — — (440 ) 3,298 Total fixed income securities $ 329,486 $ — $ 685 $ (26,756 ) $ 303,415 December 31, 2023 Cost or Allowance for Gross Gross 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	The reconciliation of the amortized cost and estimated fair value of fixed income securities for continuing and discontinued operations as of June 30, 2024, and December 31, 2023, were as follows: June 30, 2024 Cost or Allowance for Gross Gross Fair Value Fixed income securities: Continuing operations $ 329,486 $ — $ 685 $ (26,756 ) $ 303,415 Discontinued operations — — — — — Total fixed income securities $ 329,486 $ — $ 685 $ (26,756 ) $ 303,415 December 31, 2023 Cost or Allowance for Gross Gross 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	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. June 30, 2024 Amortized Cost Fair Value Due to mature: One year or less $ 12,663 $ 12,454 After one year through five years 64,545 61,560 After five years through ten years 72,035 65,882 After ten years 44,682 40,147 Mortgage / asset-backed securities 131,823 120,074 Redeemable preferred stocks 3,738 3,298 Total fixed income securities $ 329,486 $ 303,415 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	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. June 30, 2024 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: U.S. Government and agencies $ 3,212 $ (28 ) $ 6,071 $ (327 ) $ 9,283 $ (355 ) Obligations of states and political subdivisions 9,019 (112 ) 36,207 (4,785 ) 45,226 (4,897 ) Corporate securities 14,678 (240 ) 91,589 (8,740 ) 106,267 (8,980 ) Residential mortgage-backed securities 8,535 (121 ) 30,354 (4,940 ) 38,889 (5,061 ) Commercial mortgage-backed securities 1,928 (42 ) 21,112 (3,282 ) 23,040 (3,324 ) Asset-backed securities 6,526 (43 ) 23,230 (3,656 ) 29,756 (3,699 ) Redeemable preferred stocks — — 3,297 (440 ) 3,297 (440 ) Total fixed income securities $ 43,898 $ (586 ) $ 211,860 $ (26,170 ) $ 255,758 $ (26,756 ) December 31, 2023 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized 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	The reconciliation for continuing and discontinued operations by duration of the Company’s gross unrealized losses on fixed income securities are shown below. June 30, 2024 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: Continuing operations $ 43,898 $ (586 ) $ 211,860 $ (26,170 ) $ 255,758 $ (26,756 ) Discontinued operations — — — — — — Total fixed income securities $ 43,898 $ (586 ) $ 211,860 $ (26,170 ) $ 255,758 $ (26,756 ) December 31, 2023 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Fixed income securities $ 2,624 $ 2,283 $ 5,496 $ 4,466 Equity securities 182 207 423 448 Real estate 92 97 189 195 Cash and cash equivalents 432 67 869 99 Total gross investment income 3,330 2,654 6,977 5,208 Investment expenses 807 731 1,699 1,594 Net investment income – continuing operations 2,523 1,923 5,278 3,614 Net investment income – discontinued operations 621 582 1,419 1,130 Net investment income $ 3,144 $ 2,505 $ 6,697 $ 4,744
Schedule of Net Investment Gains (Losses) for Continuing and Discontinued Operations	Net investment gains (losses) for continuing and discontinued operations consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Gross realized gains: Fixed income securities $ — $ — $ 9 $ — Equity securities 191 344 381 13,018 Total gross realized gains 191 344 390 13,018 Gross realized losses, excluding credit impairment losses: Fixed income securities — (185 ) (15 ) (440 ) Equity securities (182 ) (257 ) (457 ) (1,041 ) Total gross realized losses, excluding credit impairment losses (182 ) (442 ) (472 ) (1,481 ) Net realized gains (losses) 9 (98 ) (82 ) 11,537 Change in net unrealized gains on equity securities (589 ) (75 ) 958 (10,307 ) Net investment gains (losses) – continuing operations (580 ) (173 ) 876 1,230 Net investment gains (losses) – discontinued operations (256 ) (1 ) 116 12 Net investment gains (losses) $ (836 ) $ (174 ) $ 992 $ 1,242

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Measurements [Abstract]
Schedule of Continuing and Discontinued Operations Assets	The following tables, presented on a consolidated basis, including both continuing and discontinued operations, 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: June 30, 2024 Total Level 1 Level 2 Level 3 Fixed income securities: U.S. Government and agencies $ 11,741 $ — $ 11,741 $ — Obligations of states and political subdivisions 51,862 — 51,862 — Corporate securities 116,440 — 116,440 — Residential mortgage-backed securities 43,903 — 43,903 — Commercial mortgage-backed securities 25,038 — 25,038 — Asset-backed securities 51,133 — 51,133 — Redeemable preferred stock 3,298 — 3,298 — Total fixed income securities 303,415 — 303,415 — Equity securities: Common stock 22,973 22,973 — — Non-redeemable preferred stock — — — — Total equity securities 22,973 22,973 — — Money market accounts and cash equivalents 18,108 18,108 — — Total assets at fair value $ 344,496 $ 41,081 $ 303,415 $ — 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 stock 4,161 — 4,161 — Total fixed income securities 347,731 — 347,731 — Equity securities: Common stock 25,890 25,890 — — Non-redeemable preferred stock 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	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: June 30, 2024 Total Level 1 Level 2 Level 3 Fixed income securities: Continuing operations $ 303,415 $ — $ 303,415 $ — Discontinued operations — — — — Total fixed income securities 303,415 — 303,415 — Equity securities: Continuing operations 22,973 22,973 — — Discontinued operations — — — — Total equity securities 22,973 22,973 — — Money market accounts and cash equivalents Continuing operations 18,108 18,108 — — Discontinued operations — — — — Total money market accounts and cash equivalents 18,108 18,108 — — Total assets at fair value $ 344,496 $ 41,081 $ 303,415 $ — 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 $ —

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 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: Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 140,488 $ 111,082 $ 144,250 $ 106,162 Assumed premium 2,340 653 2,440 827 Ceded premium (16,265 ) (11,183 ) (20,439 ) (12,843 ) Net premiums $ 126,563 $ 100,552 $ 126,251 $ 94,146 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 243,145 $ 205,982 $ 234,806 $ 191,636 Assumed premium 2,477 804 2,839 1,403 Ceded premium (26,072 ) (20,677 ) (28,898 ) (21,266 ) Net premiums $ 219,550 $ 186,109 $ 208,747 $ 171,773 Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Continuing operations: Direct premium $ 118,472 $ 91,500 $ 121,576 $ 86,622 Assumed premium 2,340 653 2,440 827 Ceded premium (11,663 ) (6,984 ) (15,984 ) (8,614 ) Net premiums $ 109,149 $ 85,169 $ 108,032 $ 78,835 Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Discontinued operations: Direct premium $ 22,016 $ 19,582 $ 22,674 $ 19,540 Assumed premium — — — — Ceded premium (4,602 ) (4,199 ) (4,455 ) (4,229 ) Net premiums $ 17,414 $ 15,383 $ 18,219 $ 15,311 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Continuing operations: Direct premium $ 201,513 $ 166,899 $ 193,948 $ 153,292 Assumed premium 2,477 804 2,839 1,403 Ceded premium (17,329 ) (12,650 ) (20,359 ) (12,989 ) Net premiums $ 186,661 $ 155,053 $ 176,428 $ 141,706 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Premiums Written Premiums Earned Premiums Written Premiums Earned Discontinued operations: Direct premium $ 41,632 $ 39,083 $ 40,858 $ 38,344 Assumed premium — — — — Ceded premium (8,743 ) (8,027 ) (8,539 ) (8,277 ) Net premiums $ 32,889 $ 31,056 $ 32,319 $ 30,067
Schedule of Reconciliation 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Direct losses and loss adjustment expenses $ 88,568 $ 95,149 $ 143,222 $ 166,010 Assumed losses and loss adjustment expenses 224 67 269 157 Ceded losses and loss adjustment expenses (7,993 ) (17,710 ) (10,483 ) (29,836 ) Net losses and loss adjustment expenses $ 80,799 $ 77,506 $ 133,008 $ 136,331 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Direct losses and loss adjustment expenses $ 73,350 $ 66,211 $ 114,869 $ 108,164 Assumed losses and loss adjustment expenses 224 67 269 157 Ceded losses and loss adjustment expenses (4,216 ) (6,201 ) (5,636 ) (7,119 ) Net losses and loss adjustment expenses $ 69,358 $ 60,077 $ 109,502 $ 101,202 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Discontinued operations: Direct losses and loss adjustment expenses $ 15,218 $ 28,938 $ 28,353 $ 57,846 Assumed losses and loss adjustment expenses — — — — Ceded losses and loss adjustment expenses (3,777 ) (11,509 ) (4,847 ) (22,717 ) Net losses and loss adjustment expenses $ 11,441 $ 17,429 $ 23,506 $ 35,129
Schedule of Pooling Share Percentages by Insurance Company	For the six months ended June 30, 2024, and the year ended December 31, 2023, the pooling share percentages by insurance company were: Pool Percentage Nodak Insurance Company 66.0% American West Insurance Company 7.0% Primero Insurance Company 3.0% Battle Creek Insurance Company 2.0% Direct Auto Insurance Company 13.0% Westminster American Insurance Company 9.0% Total 100.0%

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	6 Months Ended
	Jun. 30, 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 36,565 $ 31,350 $ 34,120 $ 29,768 Deferral of policy acquisition costs 25,962 23,353 49,070 43,523 Amortization of deferred policy acquisition costs (23,372 ) (20,579 ) (44,035 ) (39,167 ) Westminster balance disposed in sale (7,998 ) — (7,998 ) — Balance, end of period $ 31,157 $ 34,124 $ 31,157 $ 34,124 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Continuing operations: Balance, beginning of period $ 28,948 $ 24,210 $ 26,790 $ 22,675 Deferral of policy acquisition costs 21,499 19,046 40,474 35,585 Amortization of deferred policy acquisition costs (19,290 ) (16,784 ) (36,107 ) (31,788 ) Balance, end of period $ 31,157 $ 26,472 $ 31,157 $ 26,472 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Discontinued operations: Balance, beginning of period $ 7,617 $ 7,140 $ 7,330 $ 7,093 Deferral of policy acquisition costs 4,464 4,307 8,596 7,938 Amortization of deferred policy acquisition costs (4,083 ) (3,795 ) (7,928 ) (7,379 ) Balance, end of period $ 7,998 $ 7,652 $ 7,998 $ 7,652

Unpaid Losses and Loss Adjust_2

Unpaid Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 2024 2023 Balance, beginning of period: Liability for unpaid losses and loss adjustment expenses $ 217,119 $ 190,459 Reinsurance recoverables on losses 48,969 37,575 Net balance, beginning of period 168,150 152,884 Incurred related to: Current year 125,235 126,854 Prior years 7,773 9,477 Total incurred 133,008 136,331 Paid related to: Current year 45,494 50,010 Prior years 54,372 60,675 Total paid 99,866 110,685 Westminster balances disposed in sale: Liability for unpaid losses and loss adjustment expenses 107,508 — Reinsurance recoverables on losses 45,320 — Net balance, end of period 62,188 — Balance, end of period: Liability for unpaid losses and loss adjustment expenses 148,527 232,038 Reinsurance recoverables on losses 9,423 53,508 Net balance, end of period $ 139,104 $ 178,530 Six Months Ended June 30, 2024 2023 Continuing operations: Balance, beginning of period: Liability for unpaid losses and loss adjustment expenses $ 119,185 $ 114,296 Reinsurance recoverables on losses 6,460 8,586 Net balance, beginning of period 112,725 105,710 Incurred related to: Current year 101,120 100,574 Prior years 8,382 628 Total incurred 109,502 101,202 Paid related to: Current year 39,930 41,857 Prior years 43,193 38,468 Total paid 83,123 80,325 Balance, end of period: Liability for unpaid losses and loss adjustment expenses 148,527 137,535 Reinsurance recoverables on losses 9,423 10,948 Net balance, end of period $ 139,104 $ 126,587 Six Months Ended June 30, 2024 2023 Discontinued operations: Balance, beginning of period: Liability for unpaid losses and loss adjustment expenses $ 97,934 $ 76,163 Reinsurance recoverables on losses 42,509 28,989 Net balance, beginning of period 55,425 47,174 Incurred related to: Current year 24,115 26,280 Prior years (609 ) 8,849 Total incurred 23,506 35,129 Paid related to: Current year 5,564 8,153 Prior years 11,179 22,207 Total paid 16,743 30,360 Balance, end of period: Liability for unpaid losses and loss adjustment expenses 107,508 94,503 Reinsurance recoverables on losses 45,320 42,560 Net balance, end of period $ 62,188 $ 51,943

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property and Equipment [Abstract]
Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations	Property and equipment, presented on a consolidated basis, including both continuing and discontinued operations, consisted of the following: June 30, 2024 December 31, 2023 Estimated Useful Life Cost: Land $ 1,249 $ 1,403 indefinite Building and improvements 12,259 14,538 10 – 43 years Electronic data processing equipment 1,441 1,441 5 – 7 years Furniture and fixtures 2,733 2,953 5 – 7 years Automobiles 1,265 1,319 2 – 3 years Gross cost 18,947 21,654 Accumulated depreciation (11,361 ) (11,757 ) Total property and equipment, net $ 7,586 $ 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: June 30, 2024 Cost: Continuing operations $ 18,947 Discontinued operations — Total cost 18,947 Accumulated depreciation Continuing operations (11,361 ) Discontinued operations — Total accumulated depreciation (11,361 ) Total property and equipment, net $ 7,586 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

Goodwill and Other Intangibles (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Other Intangibles [Abstract]
Schedule of Goodwill 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: Six Months Ended June 30, 2024 Year Ended December 31, 2023 Non-Standard Commercial Total Non-Standard Commercial Total Goodwill, original recorded value $ 2,628 $ 6,756 $ 9,384 $ 2,628 $ 6,756 $ 9,384 Accumulated impairment losses at the beginning of the period — (6,756 ) (6,756 ) — — — Goodwill, beginning of period 2,628 — 2,628 2,628 6,756 9,384 Impairment recognized during the period — — — — (6,756 ) (6,756 ) Goodwill, end of period $ 2,628 $ — $ 2,628 $ 2,628 $ — $ 2,628
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: June 30, 2024 Gross Carrying Accumulated Net Subject to amortization: Trade names $ 248 $ 248 $ — Distribution network — — — Total subject to amortization 248 248 — Not subject to amortization: State insurance licenses 100 — 100 Total $ 348 $ 248 $ 100 December 31, 2023 Gross Carrying Accumulated 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 June 30, 2024 Gross Carrying Accumulated Net Subject to amortization: Continuing operations $ 248 $ 248 $ — Discontinued operations — — — Total subject to amortization 248 248 — Not subject to amortization Continuing operations 100 — 100 Discontinued operations — — — Total property and equipment, net 348 248 100 December 31, 2023 Gross Carrying Accumulated 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 property and equipment, net 9,348 1,937 7,411

Royalties, Dividends, and Aff_2

Royalties, Dividends, and Affiliations (Tables)	6 Months Ended
	Jun. 30, 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 (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Operating Leases	Additional information regarding the Company’s leases are as follows: As of and For the Three Months As of and For the Six Months 2024 2023 2024 2023 Operating lease expense $ 96 $ 98 $ 192 $ 196 Finance lease cost — Amortization of right-of-use assets 20 — 40 — Interest on lease liabilities 6 — 12 — Finance lease cost 26 — 52 — Total lease cost $ 122 $ 98 $ 244 $ 196 Other information on leases: Cash payments included in operating cash flows from operating leases $ 102 $ 103 $ 203 $ 204 Cash payments included in operating cash flows from finance leases 6 — 12 — Cash payments included in financing cash flows from finance leases 24 — 48 — Right-of-use assets obtained in exchange for new operating lease liabilities 185 247 185 247 Right-of-use assets obtained in exchange for new finance lease liabilities — — — — Weighted average discount rate – operating leases 4.46% 3.95% 4.46% 3.95% Weighted average discount rate – finance leases 8.50% — 8.50% — Weighted average remaining lease term in years – operating leases 4.9 years 5.8 years 4.9 years 5.8 years Weighted average remaining lease term in years – finance leases 2.3 years — 2.3 years —
Schedule of Contractual Maturities of Operating Leases	The following table presents the contractual maturities of the Company’s operating leases for each of the five years in the period ending December 31, 2028, and thereafter, reconciled to the Company’s operating lease liability at June 30, 2024. Year ending December 31, Operating Leases Finance Leases Total 2024 (six months remaining) $ 196 $ 60 $ 256 2025 393 120 512 2026 396 100 497 2027 401 — 401 2028 376 — 376 Thereafter 212 — 212 Total undiscounted lease payments 1,974 280 2,254 Less: present value adjustment 193 26 218 Lease liability at June 30, 2024 $ 1,781 $ 254 $ 2,036

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 2024 2023 Shares outstanding, beginning of period 20,599,908 21,076,255 Treasury shares repurchased through stock repurchase authorization — (238,164 ) Issuance of treasury shares for vesting of restricted stock units 48,734 47,887 Shares outstanding, end of period 20,648,642 20,885,978

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 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 Units outstanding and unearned at January 1, 2023 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 103,600 14.45 RSUs earned during 2024 (69,420 ) 14.82 Units outstanding and unearned at June 30, 2024 180,760 15.06
Schedule of RSU Activity	The following table shows the impact of RSU activity to the Company’s financial results: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 RSU compensation expense $ 371 $ 257 $ 767 $ 559 Income tax benefit (84 ) (58 ) (174 ) (127 ) RSU compensation expense, net of income taxes $ 287 $ 199 $ 593 $ 432
Schedule of Performance Stock Outstanding	A summary of the Company’s outstanding PSUs is presented below: PSUs Weighted-Average Units outstanding at January 1, 2023 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) (64,600 ) 18.64 Forfeitures — — Units outstanding at June 30, 2024 229,000 15.12 (1) Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.
Schedule of PSU Activity	The following table shows the impact of PSU activity to the Company’s financial results: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 PSU compensation expense $ 184 $ 139 $ 369 $ 277 Income tax benefit (42 ) (32 ) (84 ) (63 ) PSU compensation expense, net of income taxes $ 142 $ 107 $ 285 $ 214

Allowance for Expected Credit_2

Allowance for Expected Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Allowance for Expected Credit Losses [Abstract]
Schedule of Allowance for Expected Credit Losses	The following table presents the balances of premiums and agents’ balances receivable, net of the allowance for expected credit losses as of June 30, 2024, and the changes in the allowance for expected credit losses for the three and six months ended June 30, 2024 for continuing and discontinued operations. As of and For the Three Months As of and For the Three Months Ended Premiums and Allowance for Premiums and Allowance for Continuing operations: Balance, beginning of period $ 59,979 $ 216 $ 49,587 $ 437 Current period charge for expected credit losses 251 187 Write-offs of uncollectible premiums receivable (119 ) (198 ) Balance, end of period $ 92,831 $ 348 $ 91,249 $ 426 As of and For the Six Months Ended As of and For the Six Months Ended Premiums and Allowance for Premiums and Allowance for Continuing operations: Balance, beginning of period $ 56,154 $ 394 $ 47,346 $ 417 Current period charge for expected credit losses 132 274 Write-offs of uncollectible premiums receivable (178 ) (265 ) Balance, end of period $ 92,831 $ 348 $ 91,249 $ 426 As of and For the Three Months As of and For the Three Months Premiums and Allowance for Premiums and Allowance for Discontinued operations: Balance, beginning of period $ 19,727 $ 8 $ 14,915 $ 8 Current period charge for expected credit losses 2 2 Write-offs of uncollectible premiums receivable (2 ) (2 ) Balance, end of period $ 16,030 $ 8 $ 15,697 $ 8 As of and For the Six Months As of and For the Six Months Ended Premiums and Allowance for Premiums and Allowance for Discontinued operations: Balance, beginning of period $ 17,904 $ 8 $ 14,827 $ 8 Current period charge for expected credit losses 4 4 Write-offs of uncollectible premiums receivable (4 ) (4 ) Balance, end of period $ 16,030 $ 8 $ 15,697 $ 8

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 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: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues: Net premiums earned $ 15,383 $ 15,311 $ 31,056 $ 30,067 Fee and other income 7 9 14 22 Net investment income 621 582 1,419 1,130 Net investment gains (losses) (256 ) (1 ) 116 12 Total revenues 15,755 15,901 32,605 31,231 Expenses: Losses and loss adjustment expenses 11,441 17,429 23,506 35,129 Amortization of deferred policy acquisition costs 4,083 3,795 7,928 7,379 Other underwriting and general expenses 1,495 1,820 3,088 3,675 Total expenses 17,019 23,044 34,522 46,183 Loss before income taxes (1,264 ) (7,143 ) (1,917 ) (14,952 ) Income tax benefit (268 ) (1,484 ) (405 ) (2,979 ) Net loss $ (996 ) $ (5,659 ) $ (1,512 ) $ (11,973 ) Loss per common share from discontinued operations: Basic $ (0.41 ) $ (0.26 ) $ (0.44 ) $ (0.56 ) Diluted $ (0.41 ) $ (0.26 ) $ (0.44 ) $ (0.56 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 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. Three Months Ended June 30, 2024 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 23,395 $ 26,820 $ 24,999 $ 13,118 $ 3,168 $ 91,500 Assumed premiums earned — — — 503 150 653 Ceded premiums earned (924 ) (77 ) (3,075 ) (2,643 ) (265 ) (6,984 ) Net premiums earned 22,471 26,743 21,924 10,978 3,053 85,169 Direct losses and loss adjustment expenses 20,899 19,313 22,574 8,916 1,648 73,350 Assumed losses and loss adjustment expenses — — — 247 (23 ) 224 Ceded losses and loss adjustment expenses (970 ) — (548 ) (1,852 ) (846 ) (4,216 ) Net losses and loss adjustment expenses 19,929 19,313 22,026 7,311 779 69,358 Gross margin 2,542 7,430 (102 ) 3,667 2,274 15,811 Underwriting and general expenses 6,836 10,261 7,246 1,712 1,464 27,519 Underwriting gain (loss) (4,294 ) (2,831 ) (7,348 ) 1,955 810 (11,708 ) Fee and other income 340 695 (2,491 ) Net investment income 2,523 Net investment gains (losses) (580 ) Loss before income taxes (9,070 ) Income tax expense (benefit) (1,592 ) Net loss (7,478 ) Net loss attributable to non-controlling interest — Net loss attributable to NI Holdings, Inc. $ (7,478 ) Operating Ratios: Loss and loss adjustment expense ratio 88.7% 72.2% 100.5% 66.6% 25.5% 81.4% Expense ratio 30.4% 38.4% 33.1% 15.6% 48.0% 32.3% Combined ratio 119.1% 110.6% 133.6% 82.2% 73.5% 113.7% Balances at June 30, 2024: Premiums and agents’ balances receivable $ 26,393 $ 15,357 $ 11,927 $ 36,382 $ 2,772 $ 92,831 Deferred policy acquisition costs 6,719 11,533 9,598 2,120 1,187 31,157 Reinsurance recoverables on 930 — 2,726 1,685 4,082 9,423 Receivable from Federal Crop Insurance Corporation — — — 13,793 — 13,793 Goodwill and other intangibles — 2,728 — — — 2,728 Unpaid losses and loss adjustment expenses 33,643 69,951 26,336 8,770 9,827 148,527 Unearned premiums 38,682 36,170 54,147 21,695 7,036 157,730 Three Months Ended June 30, 2023 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 21,508 $ 21,744 $ 22,994 $ 17,526 $ 2,850 $ 86,622 Assumed premiums earned — — — 501 326 827 Ceded premiums earned (965 ) (99 ) (2,580 ) (4,691 ) (279 ) (8,614 ) Net premiums earned 20,543 21,645 20,414 13,336 2,897 78,835 Direct losses and loss adjustment expenses 18,456 14,139 18,414 12,702 2,500 66,211 Assumed losses and loss adjustment expenses — — — — 67 67 Ceded losses and loss adjustment expenses 411 — (499 ) (4,492 ) (1,621 ) (6,201 ) Net losses and loss adjustment expenses 18,867 14,139 17,915 8,210 946 60,077 Gross margin 1,676 7,506 2,499 5,126 1,951 18,758 Underwriting and general expenses 5,796 8,730 6,194 2,683 856 24,259 Underwriting gain (loss) (4,120 ) (1,224 ) (3,695 ) 2,443 1,095 (5,501 ) Fee and other income 239 490 (985 ) Net investment income 1,923 Net investment gains (losses) (173 ) Loss before income taxes (3,261 ) Income tax expense (benefit) (685 ) Net loss (2,576 ) Net loss attributable to non-controlling interest (113 ) Net loss attributable to NI Holdings, Inc. $ (2,463 ) Operating Ratios: Loss and loss adjustment expense ratio 91.8% 65.3% 87.8% 61.6% 32.7% 76.2% Expense ratio 28.3% 40.3% 30.3% 20.0% 29.5% 30.9% Combined ratio 120.1% 105.6% 118.1% 81.6% 62.2% 107.1% Balances at June 30, 2023: Premiums and agents’ balances receivable $ 23,840 $ 10,322 $ 9,793 $ 44,950 $ 2,344 $ 91,249 Deferred policy acquisition costs 5,785 8,870 7,974 2,832 1,009 26,470 Reinsurance recoverables on 727 — 4,691 3,114 2,416 10,948 Receivable from Federal Crop Insurance Corporation — — — 14,032 — 14,032 Goodwill and other intangibles — 2,736 — — — 2,736 Unpaid losses and loss adjustment expenses 31,935 52,866 30,503 11,603 10,628 137,535 Unearned premiums 35,317 28,067 48,690 27,193 6,412 145,679 Six Months Ended June 30, 2024 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 46,619 $ 51,878 $ 49,244 $ 12,915 $ 6,243 $ 166,899 Assumed premiums earned — — — 503 301 804 Ceded premiums earned (2,046 ) (147 ) (5,905 ) (3,989 ) (563 ) (12,650 ) Net premiums earned 44,573 51,731 43,339 9,429 5,981 155,053 Direct losses and loss adjustment expenses 32,308 36,182 35,356 6,955 4,068 114,869 Assumed losses and loss adjustment expenses — — — 247 22 269 Ceded losses and loss adjustment expenses (1,086 ) — (1,149 ) (1,448 ) (1,953 ) (5,636 ) Net losses and loss adjustment expenses 31,222 36,182 34,207 5,754 2,137 109,502 Gross margin 13,351 15,549 9,132 3,675 3,844 45,551 Underwriting and general expenses 13,857 20,565 13,943 1,711 2,965 53,041 Underwriting gain (loss) (506 ) (5,016 ) (4,811 ) 1,964 879 (7,490 ) Fee and other income 690 1,099 (4,326 ) Net investment income 5,278 Net investment gains (losses) 876 Loss before income taxes (237 ) Income tax expense (benefit) 306 Net loss (543 ) Net loss attributable to non-controlling interest — Net loss attributable to NI Holdings, Inc. $ (543 ) Operating Ratios: Loss and loss adjustment expense ratio 70.0% 69.9% 78.9% 61.0% 35.7% 70.6% Expense ratio 31.1% 39.8% 32.2% 18.1% 49.6% 34.2% Combined ratio 101.1% 109.7% 111.1% 79.1% 85.3% 104.8% Six Months Ended June 30, 2023 Private Non-Standard Home and Crop All Other Total Direct premiums earned $ 42,050 $ 42,716 $ 45,426 $ 17,516 $ 5,584 $ 153,292 Assumed premiums earned — — — 501 902 1,403 Ceded premiums earned (1,853 ) (192 ) (5,021 ) (5,405 ) (518 ) (12,989 ) Net premiums earned 40,197 42,524 40,405 12,612 5,968 141,706 Direct losses and loss adjustment expenses 34,081 31,177 27,937 12,032 2,937 108,164 Assumed losses and loss adjustment expenses — — — — 157 157 Ceded losses and loss adjustment expenses 412 — (1,303 ) (4,597 ) (1,631 ) (7,119 ) Net losses and loss adjustment expenses 34,493 31,177 26,634 7,435 1,463 101,202 Gross margin 5,704 11,347 13,771 5,177 4,505 40,504 Underwriting and general expenses 12,279 17,791 12,464 2,715 1,815 47,064 Underwriting gain (loss) (6,575 ) (6,444 ) 1,307 2,462 2,690 (6,560 ) Fee and other income 471 751 (5,973 ) Net investment income 3,614 Net investment gains (losses) 1,230 Loss before income taxes (965 ) Income tax expense (benefit) (203 ) Net loss (762 ) Net loss attributable to non-controlling interest (403 ) Net loss attributable to NI Holdings, Inc. $ (359 ) Operating Ratios: Loss and loss adjustment expense ratio 85.8% 73.3% 65.9% 59.0% 24.5% 71.4% Expense ratio 30.5% 41.8% 30.8% 21.5% 30.4% 33.2% Combined ratio 116.3% 115.1% 96.7% 80.5% 54.9% 104.6%

Organization (Details)

Organization (Details) - Nodak Insurance [Member] - $ / shares	6 Months Ended
	Jun. 30, 2024	Jan. 02, 2024
Organization [Line Items]
Percentage of shares exchanged	55%
Ownership percentage	100%
Issuance of common stock (in Shares)		300,000
Par value per share (in Dollars per share)		$ 10

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Policies (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Basis of Presentation and Accounting Policies [Abstract]
Cash purchase price	$ 10,500
Statutory surplus balance	20,000
Post-closing payment	$ 1,772

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments [Abstract]
Fixed income securities with a fair value	$ 7,245	$ 6,403

Investments (Details) - Schedul

Investments (Details) - Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fixed income securities:
Cost or Amortized Cost	$ 329,486	$ 376,730
Allowance for Expected Credit Losses
Gross Unrealized Gains	685	1,320
Gross Unrealized Losses	(26,756)	(30,319)
Fair Value	303,415	347,731
U.S. Government and agencies [Member]
Fixed income securities:
Cost or Amortized Cost	12,075	10,998
Allowance for Expected Credit Losses
Gross Unrealized Gains	21
Gross Unrealized Losses	(355)	(736)
Fair Value	11,741	10,262
Obligations of states and political subdivisions [Member]
Fixed income securities:
Cost or Amortized Cost	56,568	55,769
Allowance for Expected Credit Losses
Gross Unrealized Gains	191	408
Gross Unrealized Losses	(4,897)	(4,716)
Fair Value	51,862	51,461
Corporate securities [Member]
Fixed income securities:
Cost or Amortized Cost	125,282	152,630
Allowance for Expected Credit Losses
Gross Unrealized Gains	138	442
Gross Unrealized Losses	(8,980)	(10,856)
Fair Value	116,440	142,216
Residential mortgage-backed securities [Member]
Fixed income securities:
Cost or Amortized Cost	48,926	66,362
Allowance for Expected Credit Losses
Gross Unrealized Gains	38	180
Gross Unrealized Losses	(5,061)	(5,379)
Fair Value	43,903	61,163
Commercial mortgage-backed securities [Member]
Fixed income securities:
Cost or Amortized Cost	28,301	33,532
Allowance for Expected Credit Losses
Gross Unrealized Gains	61	148
Gross Unrealized Losses	(3,324)	(4,241)
Fair Value	25,038	29,439
Asset-backed securities [Member]
Fixed income securities:
Cost or Amortized Cost	54,596	52,692
Allowance for Expected Credit Losses
Gross Unrealized Gains	236	142
Gross Unrealized Losses	(3,699)	(3,805)
Fair Value	51,133	49,029
Redeemable preferred stocks [Member]
Fixed income securities:
Cost or Amortized Cost	3,738	4,747
Allowance for Expected Credit Losses
Gross Unrealized Gains
Gross Unrealized Losses	(440)	(586)
Fair Value	$ 3,298	$ 4,161

Investments (Details) - Sched_2

Investments (Details) - Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities for Continuing and Discontinued Operations - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fixed income securities:
Cost or Amortized Cost	$ 329,486	$ 376,730
Allowance for Expected Credit Losses
Gross Unrealized Gains	685	1,320
Gross Unrealized Losses	(26,756)	(30,319)
Fair Value	303,415	347,731
Continuing Operations [Member]
Fixed income securities:
Cost or Amortized Cost	329,486	313,182
Allowance for Expected Credit Losses
Gross Unrealized Gains	685	1,116
Gross Unrealized Losses	(26,756)	(24,899)
Fair Value	303,415	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

Investments (Details) - Sched_3

Investments (Details) - Schedule of Contractual Maturity - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Due to mature:
Amortized Cost, Due to mature One year or less	$ 12,663	$ 9,612
Fair Value, Due to mature One year or less	12,454	9,436
Amortized Cost, Due to mature After one year through five years	64,545	75,794
Fair Value, Due to mature After one year through five years	61,560	72,602
Amortized Cost, Due to mature After five years through ten years	72,035	86,185
Fair Value, Due to mature After five years through ten years	65,882	79,281
Amortized Cost, Due to mature After ten years	44,682	47,806
Fair Value, Due to mature After ten years	40,147	42,620
Amortized Cost, Due to mature Mortgage / asset-backed securities	131,823	152,586
Fair Value, Due to mature Mortgage / asset-backed securities	120,074	139,631
Amortized Cost, Due to mature Redeemable preferred stocks	3,738	4,747
Fair Value, Due to mature Redeemable preferred stocks	3,298	4,161
Amortized Cost, Due to mature, Total fixed income securities	329,486	376,730
Fair Value, Due to mature, Total fixed income securities	$ 303,415	$ 347,731

Investments (Details) - Sched_4

Investments (Details) - Schedule of Gross Unrealized Losses on Fixed Income Securities - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fixed income securities:
Less than 12 months Fair Value	$ 43,898	$ 32,452
Less than 12 months Unrealized Losses	(586)	(579)
Greater than 12 months Fair Value	211,860	246,744
Greater than 12 months Unrealized Losses	(26,170)	(29,740)
Fair Value, Total	255,758	279,196
Unrealized Losses, Total	(26,756)	(30,319)
Fixed income securities [Member]
Fixed income securities:
Fair Value, Total	255,758	279,196
Unrealized Losses, Total	(26,756)	(30,319)
Fixed income securities [Member] | U.S. Government and agencies [Member]
Fixed income securities:
Less than 12 months Fair Value	3,212
Less than 12 months Unrealized Losses	(28)
Greater than 12 months Fair Value	6,071	9,018
Greater than 12 months Unrealized Losses	(327)	(736)
Fair Value, Total	9,283	9,018
Unrealized Losses, Total	(355)	(736)
Fixed income securities [Member] | Obligations of states and political subdivisions [Member]
Fixed income securities:
Less than 12 months Fair Value	9,019	5,239
Less than 12 months Unrealized Losses	(112)	(359)
Greater than 12 months Fair Value	36,207	36,194
Greater than 12 months Unrealized Losses	(4,785)	(4,357)
Fair Value, Total	45,226	41,433
Unrealized Losses, Total	(4,897)	(4,716)
Fixed income securities [Member] | Corporate securities [Member]
Fixed income securities:
Less than 12 months Fair Value	14,678	8,018
Less than 12 months Unrealized Losses	(240)	(93)
Greater than 12 months Fair Value	91,589	110,117
Greater than 12 months Unrealized Losses	(8,740)	(10,763)
Fair Value, Total	106,267	118,135
Unrealized Losses, Total	(8,980)	(10,856)
Fixed income securities [Member] | Residential mortgage-backed securities [Member]
Fixed income securities:
Less than 12 months Fair Value	8,535	12,054
Less than 12 months Unrealized Losses	(121)	(104)
Greater than 12 months Fair Value	30,354	33,341
Greater than 12 months Unrealized Losses	(4,940)	(5,275)
Fair Value, Total	38,889	45,395
Unrealized Losses, Total	(5,061)	(5,379)
Fixed income securities [Member] | Commercial mortgage-backed securities [Member]
Fixed income securities:
Less than 12 months Fair Value	1,928	2,678
Less than 12 months Unrealized Losses	(42)	(5)
Greater than 12 months Fair Value	21,112	23,713
Greater than 12 months Unrealized Losses	(3,282)	(4,236)
Fair Value, Total	23,040	26,391
Unrealized Losses, Total	(3,324)	(4,241)
Fixed income securities [Member] | Asset-backed securities [Member]
Fixed income securities:
Less than 12 months Fair Value	6,526	4,463
Less than 12 months Unrealized Losses	(43)	(18)
Greater than 12 months Fair Value	23,230	30,200
Greater than 12 months Unrealized Losses	(3,656)	(3,787)
Fair Value, Total	29,756	34,663
Unrealized Losses, Total	(3,699)	(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	3,297	4,161
Greater than 12 months Unrealized Losses	(440)	(586)
Fair Value, Total	3,297	4,161
Unrealized Losses, Total	$ (440)	$ (586)

Investments (Details) - Sched_5

Investments (Details) - Schedule of continuing and discontinued operations by duration of the Company’s gross unrealized losses on fixed income - Fixed Income Securities [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fixed income securities:
Fair Value Total	$ 255,758	$ 279,196
Unrealized Losses Total	(26,756)	(30,319)
Continuing Operations [Member]
Fixed income securities:
Fair Value Total	255,758	235,416
Unrealized Losses Total	(26,756)	(24,899)
Discontinued Operations [Member]
Fixed income securities:
Fair Value Total		43,780
Unrealized Losses Total		(5,420)
Less Than Twelve Months [Member]
Fixed income securities:
Fair Value	43,898	32,452
Unrealized Losses	(586)	(579)
Less Than Twelve Months [Member] | Continuing Operations [Member]
Fixed income securities:
Fair Value	43,898	24,049
Unrealized Losses	(586)	(509)
Less Than Twelve Months [Member] | Discontinued Operations [Member]
Fixed income securities:
Fair Value		8,403
Unrealized Losses		(70)
Greater Than Twelve Months [Member]
Fixed income securities:
Fair Value	211,860	246,744
Unrealized Losses	(26,170)	(29,740)
Greater Than Twelve Months [Member] | Continuing Operations [Member]
Fixed income securities:
Fair Value	211,860	211,367
Unrealized Losses	(26,170)	(24,390)
Greater Than Twelve Months [Member] | Discontinued Operations [Member]
Fixed income securities:
Fair Value		35,377
Unrealized Losses		$ (5,350)

Investments (Details) - Sched_6

Investments (Details) - Schedule of Net Investment Income for Continuing and Discontinued Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Net Investment Income [Line Items]
Total gross investment income	$ 3,330	$ 2,654	$ 6,977	$ 5,208
Investment expenses	807	731	1,699	1,594
Net investment income – continuing operations	2,523	1,923	5,278	3,614
Net investment income – discontinued operations	621	582	1,419	1,130
Net investment income	3,144	2,505	6,697	4,744
Fixed income securities [Member]
Schedule of Net Investment Income [Line Items]
Total gross investment income	2,624	2,283	5,496	4,466
Equity securities [Member]
Schedule of Net Investment Income [Line Items]
Total gross investment income	182	207	423	448
Real estate [Member]
Schedule of Net Investment Income [Line Items]
Total gross investment income	92	97	189	195
Cash and cash equivalents [Member]
Schedule of Net Investment Income [Line Items]
Total gross investment income	$ 432	$ 67	$ 869	$ 99

Investments (Details) - Sched_7

Investments (Details) - Schedule of Net Investment Gains (Losses) for Continuing and Discontinued Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Continuing operations:
Total gross realized gains	$ 191	$ 344	$ 390	$ 13,018
Total gross realized losses, excluding credit impairment losses	(182)	(442)	(472)	(1,481)
Net realized gains (losses)	9	(98)	(82)	11,537
Change in net unrealized gains on equity securities	(589)	(75)	958	(10,307)
Net investment gains (losses) – continuing operations	(580)	(173)	876	1,230
Net investment gains (losses) – discontinued operations	(256)	(1)	116	12
Net investment gains	(836)	(174)	992	1,242
Fixed income securities [Member]
Continuing operations:
Total gross realized gains			9
Total gross realized losses, excluding credit impairment losses		(185)	(15)	(440)
Equity securities [Member]
Continuing operations:
Total gross realized gains	191	344	381	13,018
Total gross realized losses, excluding credit impairment losses	$ (182)	$ (257)	$ (457)	$ (1,041)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Schedule of Assets Which are Measured on a Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fixed income securities:
Total fixed income securities	$ 303,415	$ 347,731
Equity securities:
Total equity securities	22,973	21,983
Money market accounts and cash equivalents	18,108	25,596
Total assets at fair value	344,496	401,094
Level 1 [Member]
Fixed income securities:
Total fixed income securities
Equity securities:
Money market accounts and cash equivalents	18,108	19,412
Total assets at fair value	41,081	47,179
Level 2 [Member]
Fixed income securities:
Total fixed income securities	303,415	347,731
Equity securities:
Money market accounts and cash equivalents		6,184
Total assets at fair value	303,415	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	11,741	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	11,741	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	51,862	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	51,862	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	116,440	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	116,440	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	43,903	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	43,903	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	25,038	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	25,038	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	51,133	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	51,133	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	3,298	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	3,298	4,161
Redeemable preferred stocks [Member] | Level 3 [Member]
Fixed income securities:
Total fixed income securities
Equity Securities [Member]
Equity securities:
Total equity securities	22,973	27,767
Equity Securities [Member] | Level 1 [Member]
Equity securities:
Total equity securities	22,973	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	22,973	25,890
Common stock [Member] | Equity Securities [Member] | Level 1 [Member]
Equity securities:
Total equity securities	22,973	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

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of Continuing and Discontinued Operations Assets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	$ 303,415	$ 347,731
Total equity securities	22,973	21,983
Money market accounts and cash equivalents
Total money market accounts and cash equivalents	18,108	25,596
Total assets at fair value	344,496	401,094
Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Money market accounts and cash equivalents
Total money market accounts and cash equivalents	18,108	19,412
Total assets at fair value	41,081	47,179
Level 2 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities	303,415	347,731
Money market accounts and cash equivalents
Total money market accounts and cash equivalents		6,184
Total assets at fair value	303,415	353,915
Level 3 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total fixed income securities
Money market accounts and cash equivalents
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	303,415	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	303,415	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	22,973	27,767
Equity Securities [Member] | Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities	22,973	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	303,415	289,399
Money market accounts and cash equivalents
Total money market accounts and cash equivalents	18,108	16,239
Continuing Operations [Member] | Level 1 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents	18,108	16,239
Continuing Operations [Member] | Level 2 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents
Continuing Operations [Member] | Level 3 [Member]
Money market accounts and cash equivalents
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	303,415	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	303,415	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	22,973	21,983
Continuing Operations [Member] | Equity Securities [Member] | Level 1 [Member]
Schedule of Continuing and Discontinued Operations Assets [Line Items]
Total equity securities	22,973	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
Money market accounts and cash equivalents
Total money market accounts and cash equivalents		9,357
Discontinued Operations [Member] | Level 1 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents		3,173
Discontinued Operations [Member] | Level 2 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents		6,184
Discontinued Operations [Member] | Level 3 [Member]
Money market accounts and cash equivalents
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]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents	18,108
Total money market accounts and cash equivalents [Member] | Level 1 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents	18,108
Total money market accounts and cash equivalents [Member] | Level 2 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents
Total money market accounts and cash equivalents [Member] | Level 3 [Member]
Money market accounts and cash equivalents
Total money market accounts and cash equivalents

Reinsurance (Details)

Reinsurance (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Reinsurance [Line Items]
Reinsurance retention policy, amount retained	$ 133,000
Reinsurance coverage excess amount	20,000
Reinsurance risk excess of loss	45,320
Excess property risks	1,000	$ 1,000
Reinsurance coverage property risk	5,000	11,000
Reinsurance coverage excess of casualty risks	$ 2,000	$ 1,000
Ceded reinsurance percentage	100%	100%
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%
Crop [Member]
Reinsurance [Line Items]
Net loss ratio percentage	100%
External Reinsurance [Member]
Reinsurance [Line Items]
Reinsurance risk excess of loss	$ 4,000
Excess property risks	2,000
Reinsurance coverage property risk	11,000
Reinsurance coverage excess of casualty risks	1,000
Reinsurer, Other [Member]
Reinsurance [Line Items]
Reinsurance risk excess of loss	$ 20,000	$ 4,000

Reinsurance (Details) - Schedul

Reinsurance (Details) - Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
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	$ 140,488	$ 144,250	$ 243,145	$ 234,806
Premiums Written, Assumed premium	2,340	2,440	2,477	2,839
Premiums Written, Ceded premium	(16,265)	(20,439)	(26,072)	(28,898)
Premiums Written, Net premiums	126,563	126,251	219,550	208,747
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	111,082	106,162	205,982	191,636
Premiums Earned, Assumed premium	653	827	804	1,403
Premiums Earned, Ceded premium	(11,183)	(12,843)	(20,677)	(21,266)
Premiums Earned, Net premiums	100,552	94,146	186,109	171,773
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	118,472	121,576	201,513	193,948
Premiums Written, Assumed premium	2,340	2,440	2,477	2,839
Premiums Written, Ceded premium	(11,663)	(15,984)	(17,329)	(20,359)
Premiums Written, Net premiums	109,149	108,032	186,661	176,428
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	91,500	86,622	166,899	153,292
Premiums Earned, Assumed premium	653	827	804	1,403
Premiums Earned, Ceded premium	(6,984)	(8,614)	(12,650)	(12,989)
Premiums Earned, Net premiums	85,169	78,835	155,053	141,706
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	22,016	22,674	41,632	40,858
Premiums Written, Assumed premium
Premiums Written, Ceded premium	(4,602)	(4,455)	(8,743)	(8,539)
Premiums Written, Net premiums	17,414	18,219	32,889	32,319
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	19,582	19,540	39,083	38,344
Premiums Earned, Assumed premium
Premiums Earned, Ceded premium	(4,199)	(4,229)	(8,027)	(8,277)
Premiums Earned, Net premiums	$ 15,383	$ 15,311	$ 31,056	$ 30,067

Reinsurance (Details) - Sched_2

Reinsurance (Details) - Schedule of Reconciliation of Direct to Net Losses and Loss Adjustment Expenses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Continuing and Discontinued Operations [Member]
Effects of Reinsurance [Line Items]
Direct losses and loss adjustment expenses	$ 88,568	$ 95,149	$ 143,222	$ 166,010
Assumed losses and loss adjustment expenses	224	67	269	157
Ceded losses and loss adjustment expenses	(7,993)	(17,710)	(10,483)	(29,836)
Net losses and loss adjustment expenses	80,799	77,506	133,008	136,331
Continuing Operations [Member]
Effects of Reinsurance [Line Items]
Direct losses and loss adjustment expenses	73,350	66,211	114,869	108,164
Assumed losses and loss adjustment expenses	224	67	269	157
Ceded losses and loss adjustment expenses	(4,216)	(6,201)	(5,636)	(7,119)
Net losses and loss adjustment expenses	69,358	60,077	109,502	101,202
Discontinued Operations [Member]
Effects of Reinsurance [Line Items]
Direct losses and loss adjustment expenses	15,218	28,938	28,353	57,846
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses	(3,777)	(11,509)	(4,847)	(22,717)
Net losses and loss adjustment expenses	$ 11,441	$ 17,429	$ 23,506	$ 35,129

Reinsurance (Details) - Sched_3

Reinsurance (Details) - Schedule of Pooling Share Percentages by Insurance Company	Jun. 30, 2024
Effects of Reinsurance [Line Items]
Pool Percentage	100%
Nodak Insurance Company [Member]
Effects of Reinsurance [Line Items]
Pool Percentage	66%
American West Insurance Company [Member]
Effects of Reinsurance [Line Items]
Pool Percentage	7%
Primero Insurance Company [Member]
Effects of Reinsurance [Line Items]
Pool Percentage	3%
Battle Creek Mutual Insurance Company [Member]
Effects of Reinsurance [Line Items]
Pool Percentage	2%
Direct Auto Insurance Company [Member]
Effects of Reinsurance [Line Items]
Pool Percentage	13%
Westminster American Insurance Company [Member]
Effects of Reinsurance [Line Items]
Pool Percentage	9%

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs (Details) - Schedule of Deferred Policy Acquisition Costs and Asset Reconciliation - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Deferred Policy Acquisition Cost [Line Items]
Balance, beginning of period	$ 36,565	$ 31,350	$ 34,120	$ 29,768
Deferral of policy acquisition costs	25,962	23,353	49,070	43,523
Amortization of deferred policy acquisition costs	(23,372)	(20,579)	(44,035)	(39,167)
Westminster balance disposed in sale	(7,998)		(7,998)
Balance, end of period	31,157	34,124	31,157	34,124
Continuing Operations [Member]
Deferred Policy Acquisition Cost [Line Items]
Balance, beginning of period	28,948	24,210	26,790	22,675
Deferral of policy acquisition costs	21,499	19,046	40,474	35,585
Amortization of deferred policy acquisition costs	(19,290)	(16,784)	(36,107)	(31,788)
Balance, end of period	31,157	26,472	31,157	26,472
Discontinued Operations [Member]
Deferred Policy Acquisition Cost [Line Items]
Balance, beginning of period	7,617	7,140	7,330	7,093
Deferral of policy acquisition costs	4,464	4,307	8,596	7,938
Amortization of deferred policy acquisition costs	(4,083)	(3,795)	(7,928)	(7,379)
Balance, end of period	$ 7,998	$ 7,652	$ 7,998	$ 7,652

Unpaid Losses and Loss Adjust_3

Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unpaid Losses and Loss Adjustment Expenses [Abstract]
Incurred reported losses and loss adjustment expenses	$ 7,773	$ 9,477

Unpaid Losses and Loss Adjust_4

Unpaid Losses and Loss Adjustment Expenses (Details) - Schedule of Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Balance, beginning of period:
Liability for unpaid losses and loss adjustment expenses, beginning	$ 217,119	$ 190,459
Reinsurance recoverables on losses	48,969	37,575
Net balance, beginning of period	168,150	152,884
Incurred related to:
Current year	125,235	126,854
Prior years	7,773	9,477
Total incurred	133,008	136,331
Paid related to:
Current year	45,494	50,010
Prior years	54,372	60,675
Total paid	99,866	110,685
Westminster balances disposed in sale:
Liability for unpaid losses and loss adjustment expenses	107,508
Reinsurance recoverables on losses	45,320
Net balance, end of period	62,188
Balance, end of period:
Liability for unpaid losses and loss adjustment expenses	148,527	232,038
Reinsurance recoverables on losses	9,423	53,508
Net balance, end of period	139,104	178,530
Continuing operations [Member]
Balance, beginning of period:
Liability for unpaid losses and loss adjustment expenses, beginning	119,185	114,296
Reinsurance recoverables on losses	6,460	8,586
Net balance, beginning of period	112,725	105,710
Incurred related to:
Current year	101,120	100,574
Prior years	8,382	628
Total incurred	109,502	101,202
Paid related to:
Current year	39,930	41,857
Prior years	43,193	38,468
Total paid	83,123	80,325
Balance, end of period:
Liability for unpaid losses and loss adjustment expenses	148,527	137,535
Reinsurance recoverables on losses	9,423	10,948
Net balance, end of period	139,104	126,587
Discontinued operations [Member]
Balance, beginning of period:
Liability for unpaid losses and loss adjustment expenses, beginning	97,934	76,163
Reinsurance recoverables on losses	42,509	28,989
Net balance, beginning of period	55,425	47,174
Incurred related to:
Current year	24,115	26,280
Prior years	(609)	8,849
Total incurred	23,506	35,129
Paid related to:
Current year	5,564	8,153
Prior years	11,179	22,207
Total paid	16,743	30,360
Balance, end of period:
Liability for unpaid losses and loss adjustment expenses	107,508	94,503
Reinsurance recoverables on losses	45,320	42,560
Net balance, end of period	$ 62,188	$ 51,943

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation expense			$ 341	$ 309
Continuing Operations [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 187	$ 156	341	309
Discontinued Operations [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	0
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 187	$ 188	$ 430	$ 370

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of Property and Equipment - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Cost:
Property and equipment, gross cost	$ 18,947	$ 21,654
Accumulated depreciation	(11,361)	(11,757)
Total property and equipment, net	7,586	9,897
Land [Member]
Cost:
Property and equipment, gross cost	1,249	1,403
Building and improvements [Member]
Cost:
Property and equipment, gross cost	12,259	14,538
Electronic data processing equipment [Member]
Cost:
Property and equipment, gross cost	1,441	1,441
Furniture and fixtures [Member]
Cost:
Property and equipment, gross cost	2,733	2,953
Automobiles [Member]
Cost:
Property and equipment, gross cost	$ 1,265	$ 1,319
Minimum [Member] | Building and improvements [Member]
Cost:
Estimated Useful Life	10 years
Minimum [Member] | Electronic data processing equipment [Member]
Cost:
Estimated Useful Life	5 years
Minimum [Member] | Furniture and fixtures [Member]
Cost:
Estimated Useful Life	5 years
Minimum [Member] | Automobiles [Member]
Cost:
Estimated Useful Life	2 years
Maximum [Member] | Building and improvements [Member]
Cost:
Estimated Useful Life	43 years
Maximum [Member] | Electronic data processing equipment [Member]
Cost:
Estimated Useful Life	7 years
Maximum [Member] | Furniture and fixtures [Member]
Cost:
Estimated Useful Life	7 years
Maximum [Member] | Automobiles [Member]
Cost:
Estimated Useful Life	3 years

Property and Equipment (Detai_3

Property and Equipment (Details) - Schedule of Property and Equipment for Current and Prior Year Continuing and Discontinued Operations - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Cost:
Cost	$ 18,947	$ 21,654
Accumulated depreciation
Accumulated depreciation	(11,361)	(11,757)
Total property and equipment, net	7,586	9,897
Continuing Operations [Member]
Cost:
Cost	18,947	18,756
Accumulated depreciation
Accumulated depreciation	(11,361)	(11,304)
Discontinued Operations [Member]
Cost:
Cost		2,898
Accumulated depreciation
Accumulated depreciation		$ (453)

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Other Intangibles [Line Items]
Impairment charges					$ 6,756
Amortization expense				$ 25
Continuing Operations [Member]
Goodwill and Other Intangibles [Line Items]
Amortization expense	$ 0	$ 12	0	25
Goodwill [Member]
Goodwill and Other Intangibles [Line Items]
Amortization expense	$ 105	$ 118	$ 211	$ 236

Goodwill and Other Intangible_3

Goodwill and Other Intangibles (Details) - Schedule of Goodwill by Segment - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Goodwill [Line Items]
Goodwill, original recorded value	$ 9,384	$ 9,384
Accumulated impairment losses at the beginning of the period	(6,756)
Goodwill, beginning of period	2,628	9,384
Impairment recognized during the period		(6,756)
Goodwill, end of period	2,628	2,628
Non-standard Auto [Member]
Goodwill [Line Items]
Goodwill, original recorded value	2,628	2,628
Accumulated impairment losses at the beginning of the period
Goodwill, beginning of period	2,628	2,628
Impairment recognized during the period
Goodwill, end of period	2,628	2,628
Commercial [Member]
Goodwill [Line Items]
Goodwill, original recorded value	6,756	6,756
Accumulated impairment losses at the beginning of the period	(6,756)
Goodwill, beginning of period		6,756
Impairment recognized during the period		(6,756)
Goodwill, end of period

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Details) - Schedule of Other Intangible Assets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Consolidated Entities [Member]
Subject to amortization:
Gross Carrying Amount	$ 348	$ 9,348
Accumulated Amortization	248	1,937
Net	100	7,411
Consolidated Entities [Member] | Trade Names [Member]
Subject to amortization:
Gross Carrying Amount	248	748
Accumulated Amortization	248	448
Net		300
Consolidated Entities [Member] | Distribution Network [Member]
Subject to amortization:
Gross Carrying Amount		6,700
Accumulated Amortization		1,489
Net		5,211
Consolidated Entities [Member] | Subject to Amortization [Member]
Subject to amortization:
Gross Carrying Amount	248	7,448
Accumulated Amortization	248	1,937
Net		5,511
Consolidated Entities [Member] | State insurance licenses [Member]
Subject to amortization:
Gross Carrying Amount	100	1,900
Accumulated Amortization
Net	100	1,900
Current and Prior Year [Member] | Subject to Amortization [Member]
Subject to amortization:
Gross Carrying Amount	248	7,448
Accumulated Amortization	248	1,937
Net		5,511
Current and Prior Year [Member] | Continuing Operations [Member]
Subject to amortization:
Gross Carrying Amount	248	248
Accumulated Amortization	248	248
Net
Current and Prior Year [Member] | Discontinued Operations [Member]
Subject to amortization:
Gross Carrying Amount		7,200
Accumulated Amortization		1,689
Net		5,511
Current and Prior Year [Member] | Not Subject to Amortization Continuing Operations [Member]
Subject to amortization:
Gross Carrying Amount	100	100
Accumulated Amortization
Net	100	100
Current and Prior Year [Member] | Not Subject to Amortization Discontinued Operations [Member]
Subject to amortization:
Gross Carrying Amount		1,800
Accumulated Amortization
Net		1,800
Current and Prior Year [Member] | Property, Plant and Equipment [Member]
Subject to amortization:
Gross Carrying Amount	348	9,348
Accumulated Amortization	248	1,937
Net	$ 100	$ 7,411

Royalties, Dividends, and Aff_3

Royalties, Dividends, and Affiliations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Royalties, Dividends, and Affiliations [Line Items]
Payment of royalties	$ 480	$ 442	$ 883	$ 799
NDFB [Member]
Royalties, Dividends, and Affiliations [Line Items]
Royalty amounts payable accrued	$ 175		$ 175		$ 131

Royalties, Dividends, and Aff_4

Royalties, Dividends, and Affiliations (Details) - Schedule of Impact of Including Battle Creek in our Consolidated Balance Sheets - 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	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	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.

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Benefit Plans [Line Items]
Company reported expenses	$ 210	$ 189	$ 420	$ 378
Deferred compensation plan expenses	33	45	231	212
Debt from ESOP	$ 2,400		$ 2,400
Percentage of ESOP in authorized shares			1%
Per share price (in Dollars per share)	$ 10		$ 10
Distribution of employee stock ownership plan shares	$ 92	$ 83	$ 176	$ 164
ESOP shares were released and allocated (in Shares)	170,205		170,205		170,205
ESOP shares in suspense (in Shares)	69,795		69,795		69,795
Market price (in Dollars per share)			$ 15.3
Fair value of unearned ESOP shares	$ 1,068		$ 1,068
ESOP Loan [Member]
Benefit Plans [Line Items]
Debt term			10 years
Interest rate	2.79%		2.79%

Line of Credit (Details)

Line of Credit (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
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, 2024

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Income Taxes [Line Items]
Operating loss carryforwards	$ 346
Unrecognized tax benefits
Unrecognized accrued interest and penalties
Interest and penalties were recognized
Federal income tax effective rate	21.10%
Continuing Operations [Member]
Income Taxes [Line Items]
Federal income tax effective rate	42%

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Line Items]
Leases expenses	$ 122	$ 98	$ 244	$ 196
Spearfish [Member]
Leases [Line Items]
Operating lease expire term			2028 years
Chicago [Member]
Leases [Line Items]
Operating lease expire term			2029 years
Fargo [Member]
Leases [Line Items]
Operating lease expire term			2029 years

Leases (Details) - Schedule of

Leases (Details) - Schedule of Operating Leases - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 96	$ 98	$ 192	$ 196
Lease, Cost	122	98	244	196
Amortization of right-of-use assets	20		40
Interest on lease liabilities	6		12
Finance lease cost	26		52
Total lease cost	122	98	244	196
Other information on leases:
Cash payments included in operating cash flows from operating leases	102	103	203	204
Cash payments included in operating cash flows from finance leases	6		12
Cash payments included in financing cash flows from finance leases	24		48
Right-of-use assets obtained in exchange for new operating lease liabilities	185	247	185	247
Right-of-use assets obtained in exchange for new finance lease liabilities
Weighted average discount rate – operating leases	4.46%	3.95%	4.46%	3.95%
Weighted average discount rate – finance leases	8.50%		8.50%
Weighted average remaining lease term in years – operating leases	4 years 10 months 24 days	5 years 9 months 18 days	4 years 10 months 24 days	5 years 9 months 18 days
Weighted average remaining lease term in years – finance leases	2 years 3 months 18 days		2 years 3 months 18 days

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Contractual Maturities of Operating Leases $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
Operating Leases - 2024 (nine months remaining)	$ 196
Finance Leases - 2024 (nine months remaining)	60
Lease liability - 2024 (nine months remaining)	256
Operating Leases - 2025	393
Finance Leases - 2025	120
Lease liability - 2025	512
Operating Leases - 2026	396
Finance Leases - 2026	100
Lease liability - 2026	497
Operating Leases - 2027	401
Finance Leases - 2027
Lease liability - 2027	401
Operating Leases - 2028	376
Finance Leases - 2028
Lease liability - 2028	376
Operating Leases - Thereafter	212
Finance Leases - Thereafter
Lease liability - Thereafter	212
Operating Leases - Total undiscounted lease payments	1,974
Finance Leases - Total undiscounted lease payments	280
Lease liability - Total undiscounted lease payments	2,254
Operating Leases - Less: present value adjustment	193
Finance Leases - Less: present value adjustment	26
Lease liability - Less: present value adjustment	218
Operating Leases - Lease liability at June 30, 2024	1,781
Finance Leases - Lease liability at June 30, 2024	254
Lease liability at June 30, 2024	$ 2,036

Common and Preferred Stock (Det

Common and Preferred Stock (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	May 09, 2022
Common and Preferred Stock [Line Items]
Weighted average excluded from net loss per diluted common shares	127,108	61,935	120,206	61,614
Shares repurchased				238,164
Excise tax percentage	1%		1%
Remains authorization (in Dollars)	$ 2,052		$ 2,052
Board of Directors [Member]
Common and Preferred Stock [Line Items]
Stock repurchase program, authorized amount (in Dollars)					$ 10,000
Common Stock [Member]
Common and Preferred Stock [Line Items]
Shares repurchased
Repurchased value (in Dollars)				$ 3,223

Common and Preferred Stock (D_2

Common and Preferred Stock (Details) - Schedule of Changes in the Number of Common Stock Shares Outstanding - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Changes in the Number of Common Stock Shares Outstanding [Abstract]
Shares outstanding, beginning of period	20,599,908	21,076,255
Treasury shares repurchased through stock repurchase authorization		(238,164)
Issuance of treasury shares for vesting of restricted stock units	48,734	47,887
Shares outstanding, end of period	20,648,642	20,885,978

Share-Based Compensation (Detai

Share-Based Compensation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 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%
Total unrecognized compensation cost	$ 1,620
Total unrecognized compensation cost, weighted average period	1 year 4 months 9 days
Performance Shares [Member]
Share-Based Compensation [Line Items]
Total unrecognized compensation cost	$ 1,591
Total unrecognized compensation cost, weighted average period	2 years 3 months 3 days
Minimum [Member] | Performance Shares [Member]
Share-Based Compensation [Line Items]
Percentage of RSU granted to employees per year	0%
Maximum [Member] | Performance Shares [Member]
Share-Based Compensation [Line Items]
Percentage of RSU granted to employees per year	150%
Director [Member] | Share-Based Payment Arrangement [Member]
Share-Based Compensation [Line Items]
Share granted not exceed	$ 150

Share-Based Compensation (Det_2

Share-Based Compensation (Details) - Schedule of Restricted Stock Outstanding - RSUs [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Schedule of Restricted Stock Outstanding [Line Items]
RSUs, Units outstanding and unearned at beginning	146,580	115,360
Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at beginning	$ 15.37	$ 17
RSUs granted	103,600	85,000
Weighted-Average Grant-Date Fair Value Per Share, RSUs granted	$ 14.45	$ 13.76
RSUs earned	(69,420)	(53,780)
Weighted-Average Grant-Date Fair Value Per Share, RSUs earned	$ 14.82	$ 16.32
RSUs, Units outstanding and unearned at ending	180,760	146,580
Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at ending	$ 15.06	$ 15.37

Share-Based Compensation (Det_3

Share-Based Compensation (Details) - Schedule of RSU Activity - RSU [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of RSU Activity [Line Items]
RSU compensation expense	$ 371	$ 257	$ 767	$ 559
Income tax benefit	(84)	(58)	(174)	(127)
RSU compensation expense, net of income taxes	$ 287	$ 199	$ 593	$ 432

Share-Based Compensation (Det_4

Share-Based Compensation (Details) - Schedule of Performance Stock Outstanding - PSUs [Member] - $ / shares		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023
Schedule of Performance Stock Outstanding [Line Items]
PSUs, Units outstanding and unearned at beginning		213,800	190,000
Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at beginning		$ 16.53	$ 17
PSUs granted during (at target)		79,800	87,400
Weighted-Average Grant-Date Fair Value Per Share, PSUs granted during (at target)		$ 14.19	$ 13.85
PSUs earned during
Weighted-Average Grant-Date Fair Value Per Share, PSUs earned during
PSUs, Performance adjustment	[1]	(64,600)	(63,600)
Weighted-Average Grant-Date Fair Value Per Share, Performance adjustment	[1]	$ 18.64	$ 14.26
PSUs, Forfeitures
Weighted-Average Grant-Date Fair Value Per Share, Forfeitures
PSUs, Units outstanding and unearned at ending		229,000	213,800
Weighted-Average Grant-Date Fair Value Per Share, Units outstanding and unearned at ending		$ 15.12	$ 16.53
[1]Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.

Share-Based Compensation (Det_5

Share-Based Compensation (Details) - Schedule of PSU Activity - PSU [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of PSU Activity [Line Items]
PSU compensation expense	$ 184	$ 139	$ 369	$ 277
Income tax benefit	(42)	(32)	(84)	(63)
PSU compensation expense, net of income taxes	$ 142	$ 107	$ 285	$ 214

Allowance for Expected Credit_3

Allowance for Expected Credit Losses (Details) - Schedule of Allowance for Expected Credit Losses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 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	$ 59,979	$ 49,587	$ 56,154	$ 47,346
Balance, end of period	92,831	91,249	92,831	91,249
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	19,727	14,915	17,904	14,827
Balance, end of period	16,030	15,697	16,030	15,697
Allowance for Expected Credit Losses [Member] | Continuing Operations [Member]
Schedule of Allowance for Expected Credit Losses [ Line Items]
Balance, beginning of period	216	437	394	417
Current period charge for expected credit losses	251	187	132	274
Write-offs of uncollectible premiums receivable	(119)	(198)	(178)	(265)
Balance, end of period	348	426	348	426
Allowance for Expected Credit Losses [Member] | Discontinued Operations [Member]
Schedule of Allowance for Expected Credit Losses [ Line Items]
Balance, beginning of period	8	8	8	8
Current period charge for expected credit losses	2	2	4	4
Write-offs of uncollectible premiums receivable	(2)	(2)	(4)	(4)
Balance, end of period	$ 8	$ 8	$ 8	$ 8

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Thousands	May 07, 2024 USD ($)
Discontinued Operations [Abstract]
Cash purchase price	$ 10,500
Post-closing adjustment amount	1,772
Purchase agreement net amount	12,272
After tax loss	$ 7,762

Discontinued Operations (Deta_2

Discontinued Operations (Details) - Schedule of Assets and Liabilities Associated with Discontinued Operations - USD ($) $ in Thousands	Jun. 30, 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

Discontinued Operations (Deta_3

Discontinued Operations (Details) - Schedule of Operating Results of Discontinued Operations - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Net premiums earned	$ 15,383	$ 15,311	$ 31,056	$ 30,067
Fee and other income	7	9	14	22
Net investment income	621	582	1,419	1,130
Net investment gains (losses)	(256)	(1)	116	12
Total revenues	15,755	15,901	32,605	31,231
Expenses:
Losses and loss adjustment expenses	11,441	17,429	23,506	35,129
Amortization of deferred policy acquisition costs	4,083	3,795	7,928	7,379
Other underwriting and general expenses	1,495	1,820	3,088	3,675
Total expenses	17,019	23,044	34,522	46,183
Loss before income taxes	(1,264)	(7,143)	(1,917)	(14,952)
Income tax benefit	(268)	(1,484)	(405)	(2,979)
Net loss	$ (996)	$ (5,659)	$ (1,512)	$ (11,973)
Loss per common share from discontinued operations:
Basic (in Dollars per share)	$ (0.41)	$ (0.26)	$ (0.44)	$ (0.56)
Diluted (in Dollars per share)	$ (0.41)	$ (0.26)	$ (0.44)	$ (0.56)

Segment Information (Details)

Segment Information (Details)	6 Months Ended
	Jun. 30, 2024
Segment Information [Abstract]
Reportable operating segments	5

Segment Information (Details) -

Segment Information (Details) - Schedule of Revenue by Insurance Product Line - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	$ 91,500	$ 86,622	$ 166,899	$ 153,292
Assumed premiums earned	653	827	804	1,403
Ceded premiums earned	(6,984)	(8,614)	(12,650)	(12,989)
Net premiums earned	85,169	78,835	155,053	141,706
Direct losses and loss adjustment expenses	73,350	66,211	114,869	108,164
Assumed losses and loss adjustment expenses	224	67	269	157
Ceded losses and loss adjustment expenses	(4,216)	(6,201)	(5,636)	(7,119)
Net losses and loss adjustment expenses	69,358	60,077	109,502	101,202
Gross margin	15,811	18,758	45,551	40,504
Underwriting and general expenses	27,519	24,259	53,041	47,064
Underwriting gain (loss)	(11,708)	(5,501)	(7,490)	(6,560)
Fee and other income	695	490	1,099	751
Net investment income	2,523	1,923	5,278	3,614
Net investment gains (losses)	(580)	(173)	876	1,230
Loss before income taxes	(9,070)	(3,261)	(237)	(965)
Income tax expense (benefit)	(1,592)	(685)	306	(203)
Net income (loss)	(7,478)	(2,576)	(543)	(762)
Net loss attributable to non-controlling interest		(113)		(403)
Net loss attributable to NI Holdings, Inc.	$ (7,478)	$ (2,463)	$ (543)	$ (359)
Operating Ratios:
Loss and loss adjustment expense ratio	81.40%	76.20%	70.60%	71.40%
Expense ratio	32.30%	30.90%	34.20%	33.20%
Combined ratio	113.70%	107.10%	104.80%	104.60%
Balances at June 30, 2024:
Premiums and agents’ balances receivable	$ 92,831	$ 91,249	$ 92,831	$ 91,249
Deferred policy acquisition costs	31,157	26,470
Reinsurance recoverables on losses	9,423	10,948	9,423	10,948	$ 6,460
Receivable from Federal Crop Insurance Corporation	13,793	14,032	13,793	14,032
Goodwill and other intangibles	2,728	2,736	2,728	2,736	2,728
Unpaid losses and loss adjustment expenses	148,527	137,535	148,527	137,535	119,185
Unearned premiums	157,730	145,679	157,730	145,679	$ 126,100
Private Passenger Auto [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	23,395	21,508	46,619	42,050
Assumed premiums earned
Ceded premiums earned	(924)	(965)	(2,046)	(1,853)
Net premiums earned	22,471	20,543	44,573	40,197
Direct losses and loss adjustment expenses	20,899	18,456	32,308	34,081
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses	(970)	411	(1,086)	412
Net losses and loss adjustment expenses	19,929	18,867	31,222	34,493
Gross margin	2,542	1,676	13,351	5,704
Underwriting and general expenses	6,836	5,796	13,857	12,279
Underwriting gain (loss)	$ (4,294)	$ (4,120)	$ (506)	$ (6,575)
Operating Ratios:
Loss and loss adjustment expense ratio	88.70%	91.80%	70%	85.80%
Expense ratio	30.40%	28.30%	31.10%	30.50%
Combined ratio	119.10%	120.10%	101.10%	116.30%
Balances at June 30, 2024:
Premiums and agents’ balances receivable	$ 26,393	$ 23,840	$ 26,393	$ 23,840
Deferred policy acquisition costs	6,719	5,785
Reinsurance recoverables on losses	930	727	930	727
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	33,643	31,935	33,643	31,935
Unearned premiums	38,682	35,317	38,682	35,317
Non-Standard Auto [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	26,820	21,744	51,878	42,716
Assumed premiums earned
Ceded premiums earned	(77)	(99)	(147)	(192)
Net premiums earned	26,743	21,645	51,731	42,524
Direct losses and loss adjustment expenses	19,313	14,139	36,182	31,177
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses
Net losses and loss adjustment expenses	19,313	14,139	36,182	31,177
Gross margin	7,430	7,506	15,549	11,347
Underwriting and general expenses	10,261	8,730	20,565	17,791
Underwriting gain (loss)	(2,831)	(1,224)	(5,016)	(6,444)
Fee and other income	340	239	690	471
Total	$ (2,491)	$ (985)	$ (4,326)	$ (5,973)
Operating Ratios:
Loss and loss adjustment expense ratio	72.20%	65.30%	69.90%	73.30%
Expense ratio	38.40%	40.30%	39.80%	41.80%
Combined ratio	110.60%	105.60%	109.70%	115.10%
Balances at June 30, 2024:
Premiums and agents’ balances receivable	$ 15,357	$ 10,322	$ 15,357	$ 10,322
Deferred policy acquisition costs	11,533	8,870
Reinsurance recoverables on losses
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles	2,728	2,736	2,728	2,736
Unpaid losses and loss adjustment expenses	69,951	52,866	69,951	52,866
Unearned premiums	36,170	28,067	36,170	28,067
Home and Farm [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	24,999	22,994	49,244	45,426
Assumed premiums earned
Ceded premiums earned	(3,075)	(2,580)	(5,905)	(5,021)
Net premiums earned	21,924	20,414	43,339	40,405
Direct losses and loss adjustment expenses	22,574	18,414	35,356	27,937
Assumed losses and loss adjustment expenses
Ceded losses and loss adjustment expenses	(548)	(499)	(1,149)	(1,303)
Net losses and loss adjustment expenses	22,026	17,915	34,207	26,634
Gross margin	(102)	2,499	9,132	13,771
Underwriting and general expenses	7,246	6,194	13,943	12,464
Underwriting gain (loss)	$ (7,348)	$ (3,695)	$ (4,811)	$ 1,307
Operating Ratios:
Loss and loss adjustment expense ratio	100.50%	87.80%	78.90%	65.90%
Expense ratio	33.10%	30.30%	32.20%	30.80%
Combined ratio	133.60%	118.10%	111.10%	96.70%
Balances at June 30, 2024:
Premiums and agents’ balances receivable	$ 11,927	$ 9,793	$ 11,927	$ 9,793
Deferred policy acquisition costs	9,598	7,974
Reinsurance recoverables on losses	2,726	4,691	2,726	4,691
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	26,336	30,503	26,336	30,503
Unearned premiums	54,147	48,690	54,147	48,690
Crop [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	13,118	17,526	12,915	17,516
Assumed premiums earned	503	501	503	501
Ceded premiums earned	(2,643)	(4,691)	(3,989)	(5,405)
Net premiums earned	10,978	13,336	9,429	12,612
Direct losses and loss adjustment expenses	8,916	12,702	6,955	12,032
Assumed losses and loss adjustment expenses	247		247
Ceded losses and loss adjustment expenses	(1,852)	(4,492)	(1,448)	(4,597)
Net losses and loss adjustment expenses	7,311	8,210	5,754	7,435
Gross margin	3,667	5,126	3,675	5,177
Underwriting and general expenses	1,712	2,683	1,711	2,715
Underwriting gain (loss)	$ 1,955	$ 2,443	$ 1,964	$ 2,462
Operating Ratios:
Loss and loss adjustment expense ratio	66.60%	61.60%	61%	59%
Expense ratio	15.60%	20%	18.10%	21.50%
Combined ratio	82.20%	81.60%	79.10%	80.50%
Balances at June 30, 2024:
Premiums and agents’ balances receivable	$ 36,382	$ 44,950	$ 36,382	$ 44,950
Deferred policy acquisition costs	2,120	2,832
Reinsurance recoverables on losses	1,685	3,114	1,685	3,114
Receivable from Federal Crop Insurance Corporation	13,793	14,032	13,793	14,032
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	8,770	11,603	8,770	11,603
Unearned premiums	21,695	27,193	21,695	27,193
All Other [Member]
Schedule of Revenue by Insurance Product Line [Line Items]
Direct premiums earned	3,168	2,850	6,243	5,584
Assumed premiums earned	150	326	301	902
Ceded premiums earned	(265)	(279)	(563)	(518)
Net premiums earned	3,053	2,897	5,981	5,968
Direct losses and loss adjustment expenses	1,648	2,500	4,068	2,937
Assumed losses and loss adjustment expenses	(23)	67	22	157
Ceded losses and loss adjustment expenses	(846)	(1,621)	(1,953)	(1,631)
Net losses and loss adjustment expenses	779	946	2,137	1,463
Gross margin	2,274	1,951	3,844	4,505
Underwriting and general expenses	1,464	856	2,965	1,815
Underwriting gain (loss)	$ 810	$ 1,095	$ 879	$ 2,690
Operating Ratios:
Loss and loss adjustment expense ratio	25.50%	32.70%	35.70%	24.50%
Expense ratio	48%	29.50%	49.60%	30.40%
Combined ratio	73.50%	62.20%	85.30%	54.90%
Balances at June 30, 2024:
Premiums and agents’ balances receivable	$ 2,772	$ 2,344	$ 2,772	$ 2,344
Deferred policy acquisition costs	1,187	1,009
Reinsurance recoverables on losses	4,082	2,416	4,082	2,416
Receivable from Federal Crop Insurance Corporation
Goodwill and other intangibles
Unpaid losses and loss adjustment expenses	9,827	10,628	9,827	10,628
Unearned premiums	$ 7,036	$ 6,412	$ 7,036	$ 6,412