Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 706

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 706
---
 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%  
     71.8%  
     58.9% 
  
    Home and farm 
     71.1%  
     61.1%  
     137.6% 
  
    Crop 
     42.9%  
     41.8%  
     55.9% 
  
    All other 
     46.1%  
     13.1%  
     68.6% 
  
    Total loss and loss adjustment expenses ratio 
     66.9%  
     63.8%  
     89.0% 

Below are comments regarding significant changes in net losses and
loss adjustment expenses, and the net loss and loss adjustment expenses ratios by business segment:

Private passenger auto – The net loss and loss