Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 66

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 66
---
 the second
quarter of 2025, increased $502, or 16.4%, compared to the same period in 2024. Net premiums earned for the first six months of 2025 increased
$816, or 13.6%, from the first six months of 2024. Results were driven by rate increases for the North Dakota commercial lines of business.

Losses and Loss Adjustment Expenses

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

    2025  
    2024  
    2025  
    2024 
  
    Net losses and loss adjustment expenses: 

    Direct losses and loss adjustment expenses 
    $109,382  
    $73,350  
    $149,761  
    $114,869 
  
    Assumed losses and loss adjustment expenses 
     284  
     224  
     51  
     269 
  
    Ceded losses and loss adjustment expenses 
     (43,059) 
     (4,216) 
     (44,680) 
     (5,636)
  
    Total net losses and loss adjustment expenses 
    $66,607  
    $69,358  
    $105,132  
    $109,502 

Our net losses and loss adjustment expenses for the three months ended
June 30, 2025, decreased $2,751, or 4.0%, compared to the three months ended June 30, 2024. Our net losses and loss adjustment expenses
for the six months ended June 30, 2025, decreased $4,370, or 4.0%, compared to the six months ended June 30, 2024.

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

    2025  
    2024  
    2025  
    2024 
  
    Net losses and loss adjustment expenses: 

    Private Passenger Auto 
    $13,700  
    $19,929  
    $27,195  
    $31,222 
  
    Non-Standard Auto 
     16,860  
     19,313  
     31,397  
     36,182 
  
    Home and Farm 
     27,011  
     22,