Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 128

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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497  
    $69,884 
  
    Fee and other income 
     230  
     404 
  
    Net investment income 
     2,838  
     2,755 
  
    Net investment gains 
     869  
     1,456 
  
    Total revenues 
    $71,434  
    $74,499 

    Components of net income: 

    Net premiums earned 
    $67,497  
    $69,884 
  
    Losses and loss adjustment expenses 
     38,525  
     40,144 
  
    Amortization of deferred policy acquisition costs and other underwriting and general expenses 
     25,160  
     25,522 
  
    Underwriting gain 
     3,812  
     4,218 

    Fee and other income 
     230  
     404 
  
    Net investment income 
     2,838  
     2,755 
  
    Net investment gains 
     869  
     1,456 
  
    Income from continuing operations before income taxes 
     7,749  
     8,833 
  
    Income tax expense 
     1,289  
     1,898 
  
    Net income from continuing operations 
    $6,460  
    $6,935 

Net Premiums Earned

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net premiums earned: 

    Direct premium 
    $72,161  
    $75,398 
  
    Assumed premium 
     39  
     151 
  
    Ceded premium 
     (4,703) 
     (5,665)
  
    Total net premiums earned 
    $67,497  
    $69,884 

Net premiums earned for the three months ended March 31, 2025, decreased
$2,387, or 3.4%, compared to the three months ended March 31, 2024.

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net premiums earned: 

    Private Passenger Auto 
    $22,658  
    $22,102 
  
    Non-Standard Auto 
     18,253  
     24,989