Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 609

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 609
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 non-controlling interest 

     250 
  
    Net income (loss) attributable to NI Holdings, Inc. 

    $19,581 

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     72.2%  
     71.8%  
     61.1%  
     41.8%  
     13.1%  
     63.8% 
  
    Expense ratio 
     29.6%  
     42.8%  
     29.9%  
     24.5%  
     29.4%  
     33.2% 
  
    Combined ratio 
     101.8%  
     114.6%  
     91.0%  
     66.3%  
     42.5%  
     97.0% 

    Balances at December 31, 2023: 

    Premiums and agents’ balances receivable 
    $24,152  
    $19,853  
    $9,755  
    $89  
    $2,305  
    $56,154 
  
    Deferred policy acquisition costs 
     5,834  
     11,966  
     8,005  
     —  
     985  
     26,790 
  
    Reinsurance recoverables on losses 
     15  
     —  
     2,949  
     1,343  
     2,153  
     6,460 
  
    Receivable from Federal Crop Insurance Corporation 
     —  
     —  
     —  
     17,404  
     —  
     17,404 
  
    Goodwill and other intangibles 
     —  
     2,728  
     —  
     —  
     —  
     2,728 
  
    Unpaid losses and loss adjustment expenses 
     28,037  
     61,272  
     18,205  
     3,884  
     7,787  
     119,185 
  
    Unearned premiums 
     35,367  
     36,426