Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 278

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1A
Chunk 278
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 loss adjustment expenses: 

    Direct losses and loss adjustment expenses 
    $220,991  
    $195,138  
    $255,187 
  
    Assumed losses and loss adjustment expenses 
     784  
     1,140  
     2,369 
  
    Ceded losses and loss adjustment expenses 
     (14,310) 
     (9,762) 
     (15,806)
  
    Total net losses and loss adjustment expenses 
    $207,465  
    $186,516  
    $241,750 

The Company’s net losses and loss adjustment expenses for
the year ended December 31, 2024 increased $20,949, or 11.2%, to $207,465, compared to $186,516 for the year ended December 31, 2023.

The Company’s net losses and loss adjustment expenses for
the year ended December 31, 2023 decreased $55,234, or 22.8%, to $186,516, compared to $241,750 for the year ended December 31, 2022.

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net losses and loss adjustment expenses: 

    Private passenger auto 
    $51,869  
    $60,204  
    $65,420 
  
    Non-Standard auto 
     76,130  
     63,041  
     39,400 
  
    Home and farm 
     64,561  
     50,935  
     107,823 
  
    Crop 
     9,071  
     10,793  
     19,418 
  
    All other 
     5,834  
     1,543  
     9,689 
  
    Total net losses and loss adjustment expenses 
    $207,465  
    $186,516  
    $241,750 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Loss and loss adjustment expenses ratio: 

    Private passenger auto 
     57.4%  
     72.2%  
     84.3% 
  
    Non-Standard auto 
     79.9