Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1032

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1032
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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 
     —  
     —  
     —  
     13,223  
     —  
     13,223 
  
    Goodwill and other intangibles 
     —  
     100  
     —  
     —  
     —  
     100 
  
    Unpaid losses and loss adjustment expenses 
     28,103