Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 67

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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026  
     36,799  
     34,207 
  
    Crop 
     8,468  
     7,311  
     7,967  
     5,754 
  
    All Other 
     568  
     779  
     1,774  
     2,137 
  
    Total net losses and loss adjustment expenses 
    $66,607  
    $69,358  
    $105,132  
    $109,502 

39 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Loss and loss adjustment expense ratio: 

    Private Passenger Auto 
     59.8%  
     88.7%  
     59.7%  
     70.0% 
  
    Non-Standard Auto 
     116.2%  
     72.2%  
     95.8%  
     69.9% 
  
    Home and Farm 
     126.7%  
     100.5%  
     81.7%  
     78.9% 
  
    Crop 
     79.1%  
     66.6%  
     77.1%  
     61.0% 
  
    All Other 
     16.0%  
     25.5%  
     26.1%  
     35.7% 
  
    Total loss and loss adjustment expense ratio 
     91.2%  
     81.4%  
     74.8%  
     70.6% 

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

Private Passenger Auto – The net loss and loss
adjustment expense ratio decreased 28.9 percentage points and 10.3 percentage points in the three- and six-month periods ended June 30,
2025, respectively, compared to the same periods in 2024. These decreases in the current year were driven by improved loss severity on
physical damage claims.

Non-Standard Auto – The net loss and loss adjustment
expense ratio