Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 819

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 819
---
321)

    Fee and other income 
        
     1,219  

     1,938 

     (16,418) 

    Goodwill impairment charge 
        
     (2,628) 

     (2,628)

    Net investment income 

     10,943 
  
    Net investment gains (losses) 

     2,213 
  
    Income (loss) before income taxes 

     10,145 
  
    Income tax expense (benefit) 

     3,545 
  
    Net income (loss) 

     6,600 
  
    Net income (loss) attributable to non-controlling interest 

     — 
  
    Net income (loss) attributable to NI Holdings, Inc. 

    $6,600 

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     57.4%  
     79.9%  
     71.1%  
     42.9%  
     46.1%  
     66.9% 
  
    Expense ratio 
     31.0%  
     38.6%  
     31.5%  
     23.1%  
     53.2%  
     33.8% 
  
    Combined ratio 
     88.4%  
     118.5%  
     102.6%  
     66.0%  
     99.3%  
     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