Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 914

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 914
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 net income of $19,831 for the year ended December 31, 2023, and a net loss
of $38,685 for the year ended December 31, 2022.

The major components of our revenues and net income (loss) for the
three periods are shown below:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Revenues: 

    Net premiums earned 
    $310,110  
    $292,117  
    $271,740 
  
    Fee and other income 
     1,938  
     1,940  
     1,381 
  
    Net investment income 
     10,943  
     8,034  
     6,636 
  
    Net investment gains (losses) 
     2,213  
     1,929  
     (11,975)
  
    Total revenues 
    $325,204  
    $304,020  
    $267,782 

    Components of net income (loss): 

    Net premiums earned 
    $310,110  
    $292,117  
    $271,740 
  
    Losses and loss adjustment expenses 
     207,465  
     186,516  
     241,750 
  
    Amortization of deferred policy acquisition costs and other underwriting and general expenses 
     104,966  
     96,957  
     78,908 
  
    Underwriting gain (loss) 
     (2,321) 
     8,644  
     (48,918)

    Fee and other income 
     1,938  
     1,940  
     1,381 
  
    Net investment income 
     10,943  
     8,034  
     6,636 
  
    Net investment gains (losses) 
     2,213  
     1,929  
     (11,975)
  
    Goodwill impairment charge 
     (2,628) 
     —  
     — 
  
    Income (loss) from continuing operations before income taxes 
     10,145  
     20,547  
     (52,876)
  
    Income tax expense (benefit