Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 166

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 166
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2024 
  
    Net losses and loss adjustment expenses: 

    Direct losses and loss adjustment expenses 
    $40,379  
    $41,519 
  
    Assumed losses and loss adjustment expenses 
     (233) 
     45 
  
    Ceded losses and loss adjustment expenses 
     (1,621) 
     (1,420)
  
    Total net losses and loss adjustment expenses 
    $38,525  
    $40,144 

35 

Our net losses and loss adjustment expenses for the three months ended
March 31, 2025, decreased $1,619, or 4.0%, compared to the three months ended March 31, 2024.

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net losses and loss adjustment expenses: 

    Private Passenger Auto 
    $13,495  
    $11,293 
  
    Non-Standard Auto 
     14,538  
     16,869 
  
    Home and Farm 
     9,787  
     12,181 
  
    Crop 
     (499) 
     (1,557)
  
    All Other 
     1,204  
     1,358 
  
    Total net losses and loss adjustment expenses 
    $38,525  
    $40,144 

    Three Months Ended March 31, 

    2025  
    2024 
  
    Loss and loss adjustment expense ratio: 

    Private Passenger Auto 
     59.6%  
     51.1% 
  
    Non-Standard Auto 
     79.6%  
     67.5% 
  
    Home and Farm 
     41.3%  
     56.9% 
  
    Crop 
     132.7%  
     100.5% 
  
    All Other 
     37.1%  
     46.4% 
  
    Total loss and loss adjustment expense ratio 
     57.1%  
     57.4% 

Below are comments regarding significant changes in the net losses
and loss adjustment expenses, and the net loss and loss adjustment expense ratios, by business segment:

Private Passenger Auto – The net loss and loss
adjustment expense ratio increased 8.5 percentage