Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 70

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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1,964 
  
    All Other 
     2,126  
     810  
     2,518  
     879 
  
    Total underwriting loss 
    $(18,376) 
    $(11,708) 
    $(14,564) 
    $(7,490)

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

    2025  
    2024  
    2025  
    2024 
  
    Combined ratio: 

    Private Passenger Auto 
     92.0%  
     119.1%  
     92.1%  
     101.1% 
  
    Non-Standard Auto 
     160.6%  
     110.6%  
     140.7%  
     109.7% 
  
    Home and Farm 
     166.4%  
     133.6%  
     117.9%  
     111.1% 
  
    Crop 
     94.2%  
     82.2%  
     93.0%  
     79.1% 
  
    All Other 
     40.2%  
     73.5%  
     63.0%  
     85.3% 
  
    Combined ratio 
     125.1%  
     113.7%  
     110.3%  
     104.8% 

Underwriting gain (loss) measures the pre-tax profitability of our
insurance operations. It is derived by subtracting losses and loss adjustment expenses, amortization of deferred policy acquisition costs,
and other underwriting and general expenses from net premiums earned. The combined ratio represents the sum of these losses and expenses
as a percentage of net premiums earned and measures our overall underwriting profit.

The total underwriting loss increased $6,668 for the three-month period
ended June 30, 2025, compared to the same period in 2024. The total underwriting loss increased $7,074 for the six-month period ended
June 30, 2025, compared to the same period in 2024. These results were driven by the factors discussed in the Loss and Loss Adjustment
Expenses as well as the Underwriting and General Expenses and Expense Ratio sections above