Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 703

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 703
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 2,213  
     1,929  
     (11,975)
  
    Goodwill impairment charge 
     (2,628) 
     —  
     — 
  
    Income (loss) from continuing operations before income taxes 
     10,145  
     20,547  
     (52,876)
  
    Income tax expense (benefit) 
     3,545  
     716  
     (14,191)
  
    Net income (loss) from continuing operations 
    $6,600  
    $19,831  
    $(38,685)

30 

Net Premiums Earned

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net premiums earned: 

    Direct premium 
    $341,885  
    $325,590  
    $299,607 
  
    Assumed premium 
     2,984  
     3,570  
     6,550 
  
    Ceded premium 
     (34,759) 
     (37,043) 
     (34,417)
  
    Total net premiums earned 
    $310,110  
    $292,117  
    $271,740 

Net premiums earned for the year ended December 31, 2024 increased
$17,993, or 6.2%, to $310,110, compared to $292,117 for the year ended December 31, 2023.

Net premiums earned for the year ended December 31, 2023 increased
$20,377, or 7.5%, to $292,117, compared to $271,740 for the year ended December 31, 2022.

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net premiums earned: 

    Private passenger auto 
    $90,314  
    $83,360  
    $77,605 
  
    Non-Standard auto 
     95,225  
     87,760  
     66,911 
  
    Home and farm 
     90,761  
     83,389  
     78,381 
  
    Crop 
     21,142