Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 60

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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    Net losses and loss adjustment expenses 
     41,309  
     46,777  
     55,355  
     13,306  
     4,582  
     161,329 

    Gross margin 
     27,478  
     (3,160) 
     13,318  
     7,391  
     6,051  
     51,078 

    Amortization of deferred policy acquisition costs 
     13,342  
     13,642  
     15,110  
     2,469  
     2,064  
     46,627 
  
    Other underwriting and general expenses (1) 
     7,992  
     6,026  
     9,022  
     909  
     1,587  
     25,536 
  
    Underwriting and general expenses 
     21,334  
     19,668  
     24,132  
     3,378  
     3,651  
     72,163 
  
    Underwriting gain (loss) 
     6,144  
     (22,828) 
     (10,814) 
     4,013  
     2,400  
     (21,085)

    Fee and other income 

     807 
  
    Net investment income 

     9,024 
  
    Net investment gains 

     1,821 
  
    Loss before income taxes 

     (9,433)
  
    Income tax benefit 

     (2,176)
  
    Net loss 

    $(7,257)

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     60.1%  
     107.2%  
     80.6%  
     64.3%  
     43.1%  
     76.0% 
  
    Expense ratio 
     31.0%  
     45.1%  
     35.1%  
     16.3%  
     34.3%  
     34.0% 
  
    Combined ratio 
     91.1%  
     152.3