Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1885

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 6
Chunk 1885
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362) 
     (242) 
     (15,806)
  
    Net losses and loss adjustment expenses 
     65,420  
     39,400  
     107,823  
     19,418  
     9,689  
     241,750 

    Gross margin 
     12,185  
     27,511  
     (29,442) 
     15,303  
     4,433  
     29,990 

    Amortization of deferred policy acquisition costs 
     13,584  
     20,831  
     14,764  
     2,667  
     1,759  
     53,605 
  
    Other underwriting and general expenses (1) 
     8,149  
     6,172  
     8,438  
     400  
     2,144  
     25,303 
  
    Underwriting and general expenses 
     21,733  
     27,003  
     23,202  
     3,067  
     3,903  
     78,908 
  
    Underwriting gain (loss) 
     (9,548) 
     508  
     (52,644) 
     12,236  
     530  
     (48,918)

    Fee and other income 
        
     831  

     1,381 

     1,339  

    Goodwill impairment charge 

     — 

    Net investment income 

     6,636 
  
    Net investment gains (losses) 

     (11,975)
  
    Income (loss) before income taxes 

     (52,876)
  
    Income tax expense (benefit) 

     (14,191)
  
    Net income (loss) 

     (38,685)
  
    Net income (loss) attributable to non-controlling interest 

     (679)
  
    Net income (loss) attributable to NI Holdings, Inc. 

    $(38,006)

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     84.3%  
     58.9%  
     137