Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 393

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1A
Chunk 393
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     100.7% 

    Balances at December 31, 2024: 

    Premiums and agents’ balances receivable 
    $25,843  
    $13,757  
    $10,560  
    $103  
    $2,644  
    $52,907 
  
    Deferred policy acquisition costs 
     6,535  
     9,135  
     9,437  
     —  
     1,193  
     26,300 
  
    Reinsurance recoverables on losses 
     2,358  
     —  
     1,934  
     478  
     7,791  
     12,561 
  
    Receivable from Federal Crop Insurance Corporation 
     —  
     —  
     —  
     13,223  
     —  
     13,223 
  
    Goodwill and other intangibles 
     —  
     100  
     —  
     —  
     —  
     100 
  
    Unpaid losses and loss adjustment expenses 
     28,103  
     77,580  
     16,162  
     1,789  
     13,654  
     137,288 
  
    Unearned premiums 
     37,711  
     28,391  
     53,319  
     —  
     7,077  
     126,498 

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

98 

    Year Ended December 31, 2023 

    Private 
Passenger Auto  
    Non-Standard
 Auto  
    Home and
 Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $87,431  
    $88,170  
    $93,130  
    $45,273  
    $11,586  
    $325,590 
  
    Assumed premiums earned 
     —  
     —  
     —  
     2,262  
     1,308  
     3,570 
  
    Ceded