Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 44

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
 the Non-Standard
Auto segment, we combine the policy fees paid by the insured with the underwriting gain or loss as its primary profitability measure.
As a result, these fees are allocated to the Non-Standard Auto segment (included in fee and other income) in the tables below. The remaining
fee and other income amounts are not allocated to any segment.

We do not assign or allocate all line items in our
Consolidated Statement of Operations or Consolidated Balance Sheets to our operating segments. Those line items include net investment
income, net investment gains, fee and other income excluding Non-Standard Auto, and income tax expense 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, and shareholders’ equity.

30 

    Three Months Ended March 31, 2025 

    Private 
Passenger Auto  
    Non-Standard 
Auto  
    Home and 
Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $23,828  
    $18,278  
    $26,511  
    $(15) 
    $3,559  
    $72,161 
  
    Assumed premiums earned 
     —  
     —  
     —  
     —  
     39  
     39 
  
    Ceded premiums earned 
     (1,170) 
     (25) 
     (2,790) 
     (361) 
     (357) 
     (4,703)
  
    Net premiums earned 
     22,658  
     18,253  
     23,721  
     (376) 
     3,241  
     67,497 

    Direct losses and loss adjustment expenses 
     13,498  
     14,538  
     9,932  
     129  
     2,282  
     40,379 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     —  
     (233) 
     (233)
  
    Ceded losses and loss adjustment expenses 
     (3) 
     —