Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 921

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 921
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 resulting from overall premium growth compared to the prior year, including significant growth
in the non-standard auto segment which generally pays higher agent commissions than our other segments. The increase in other underwriting
and general expenses was due to the impact of continued high levels of inflation and 2022 expenses being favorably impacted by multi-peril
crop insurance final settlements.

33 

Underwriting Gain (Loss) and Combined Ratio

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Underwriting gain (loss): 

    Private passenger auto 
    $10,407  
    $(1,536) 
    $(9,548)
  
    Non-Standard auto 
     (17,637) 
     (12,860) 
     508 
  
    Home and farm 
     (2,373) 
     7,557  
     (52,644)
  
    Crop 
     7,189  
     8,702  
     12,236 
  
    All other 
     93  
     6,781  
     530 
  
    Total underwriting gain (loss) 
    $(2,321) 
    $8,644  
    $(48,918)

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Combined ratio: 

    Private passenger auto 
     88.4%  
     101.8%  
     112.3% 
  
    Non-Standard auto 
     118.5%  
     114.6%  
     99.3% 
  
    Home and farm 
     102.6%  
     91.0%  
     167.2% 
  
    Crop 
     66.0%  
     66.3%  
     64.7% 
  
    All other 
     99.3%  
     42.5%  
     96.2% 
  
    Total combined ratio 
     100.7%  
     97.0%  
     118.0% 

Underwriting gain (loss) measures the pre-tax profitability of our
insurance operations. It is derived by subtracting losses and loss adjustment expenses, amortization