Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 56

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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     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 

    Amortization of deferred policy acquisition costs 
     4,567  
     8,245  
     4,770  
     1,100  
     608  
     19,290 
  
    Other underwriting and general expenses (1) 
     2,269  
     2,016  
     2,476  
     612  
     856  
     8,229 
  
    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 

     695 
  
    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)

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     88.7%  
     72.2%