Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 28

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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-offs.

A reconciliation of direct to net premiums on both a written
and an earned basis, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

    Three Months Ended June 30, 2025  
    Three Months Ended June 30, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Direct premium 
    $109,519  
    $82,542  
    $140,488  
    $111,082 
  
    Assumed premium 
     2,309  
     696  
     2,340  
     653 
  
    Ceded premium 
     (18,518) 
     (10,233) 
     (16,265) 
     (11,183)
  
    Net premiums 
    $93,310  
    $73,005  
    $126,563  
    $100,552 

17 

    Six Months Ended June 30, 2025  
    Six Months Ended June 30, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Direct premium 
    $177,247  
    $154,704  
    $243,145  
    $205,982 
  
    Assumed premium 
     2,347  
     735  
     2,477  
     804 
  
    Ceded premium 
     (23,222) 
     (14,937) 
     (26,072) 
     (20,677)
  
    Net premiums 
    $156,372  
    $140,502  
    $219,550  
    $186,109 

The reconciliations of the Company’s direct to net premiums on
both a written and an earned basis for the current and comparable prior year quarter, segregated between continuing and discontinued operations,
are shown below:

    Three Months Ended June 30, 2025  
    Three Months Ended June 30, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Continuing operations: 

    Direct premium 
    $109,519