Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 61

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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%  
     115.7%  
     80.6%  
     77.4%  
     110.0% 

(1) Other underwriting and general expenses for each segment include
expenses related to compensation, vendor services, and other administrative items.

35 

    Nine Months Ended September 30, 2024 

    Private 
Passenger Auto  
    Non-Standard 
Auto  
    Home and 
Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $70,600  
    $74,947  
    $75,336  
    $26,565  
    $9,576  
    $257,024 
  
    Assumed premiums earned 
     —  
     —  
     —  
     2,113  
     571  
     2,684 
  
    Ceded premiums earned 
     (3,415) 
     (214) 
     (8,519) 
     (8,363) 
     (874) 
     (21,385)
  
    Net premiums earned 
     67,185  
     74,733  
     66,817  
     20,315  
     9,273  
     238,323 

    Direct losses and loss adjustment expenses 
     47,608  
     56,687  
     58,604  
     14,542  
     7,120  
     184,561 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     687  
     199  
     886 
  
    Ceded losses and loss adjustment expenses 
     (2,316) 
     —  
     (2,374) 
     (3,285) 
     (2,870) 
     (10,845)
  
    Net losses and loss adjustment expenses 
     45,292  
     56,687  
     56,230  
     11,944  
     4,449  
     174,602 

    Gross margin 
     21,893  
     18,046  
     10