Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 62

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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,587  
     8,371  
     4,824  
     63,721 

    Amortization of deferred policy acquisition costs 
     12,687  
     23,944  
     13,107  
     2,344  
     1,641  
     53,723 
  
    Other underwriting and general expenses (1) 
     8,640  
     6,948  
     8,454  
     1,150  
     1,466  
     26,658 
  
    Underwriting and general expenses 
     21,327  
     30,892  
     21,561  
     3,494  
     3,107  
     80,381 
  
    Underwriting gain (loss) 
     566  
     (12,846) 
     (10,974) 
     4,877  
     1,717  
     (16,660)

    Fee and other income 

     1,590 
  
    Net investment income 

     8,089 
  
    Net investment gains 

     3,288 
  
    Loss before income taxes 

     (3,693)
  
    Income tax benefit 

     (445)
  
    Net loss 

    $(3,248)

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     67.4%  
     75.9%  
     84.2%  
     58.8%  
     48.0%  
     73.3% 
  
    Expense ratio 
     31.7%  
     41.3%  
     32.3%  
     17.2%  
     33.5%  
     33.7% 
  
    Combined ratio 
     99.1%  
     117.2%  
     116.5%  
     76.0%  
     81.5%  
     107.0% 

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

36 

Item 2. - Management’s Discussion