Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 57

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 57
---
100.5%  
     66.6%  
     25.5%  
     81.4% 
  
    Expense ratio 
     30.4%  
     38.4%  
     33.1%  
     15.6%  
     48.0%  
     32.3% 
  
    Combined ratio 
     119.1%  
     110.6%  
     133.6%  
     82.2%  
     73.5%  
     113.7% 

    Balances at June 30, 2024: 

    Premiums and agents’ balances receivable 
    $26,393  
    $15,357  
    $11,927  
    $36,382  
    $2,772  
    $92,831 
  
    Deferred policy acquisition costs 
     6,719  
     11,533  
     9,598  
     2,120  
     1,187  
     31,157 
  
    Reinsurance recoverables on losses 
     930  
     —  
     2,726  
     1,685  
     4,082  
     9,423 
  
    Receivable from Federal Crop Insurance Corporation 
     —  
     —  
     —  
     13,793  
     —  
     13,793 
  
    Goodwill and other intangibles 
     —  
     2,728  
     —  
     —  
     —  
     2,728 
  
    Unpaid losses and loss adjustment expenses 
     33,643  
     69,951  
     26,336  
     8,770  
     9,827  
     148,527 
  
    Unearned premiums 
     38,682  
     36,170  
     54,147  
     21,695  
     7,036  
     157,730 

(1) Other underwriting and general expenses for each segment include
expenses related to compensation, vendor services, and other administrative items.

34 

    Six Months Ended