Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1249

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 1249
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 Net investment gains (losses) 

     (11,975)
  
    Income (loss) before income taxes 

     (52,876)
  
    Income tax expense (benefit) 

     (14,191)
  
    Net income (loss) 

     (38,685)
  
    Net income (loss) attributable to non-controlling interest 

     (679)
  
    Net income (loss) attributable to NI Holdings, Inc. 

    $(38,006)

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     84.3%  
     58.9%  
     137.6%  
     55.9%  
     68.6%  
     89.0% 
  
    Expense ratio 
     28.0%  
     40.4%  
     29.6%  
     8.8%  
     27.6%  
     29.0% 
  
    Combined ratio 
     112.3%  
     99.3%  
     167.2%  
     64.7%  
     96.2%  
     118.0% 

    Balances at December 31, 2022: 

    Premiums and agents’ balances receivable 
    $20,669  
    $14,884  
    $9,388  
    $381  
    $2,024  
    $47,346 
  
    Deferred policy acquisition costs 
     5,040  
     9,378  
     7,376  
     —  
     881  
     22,675 
  
    Reinsurance recoverables on losses 
     1,440  
     —  
     5,732  
     589  
     825  
     8,586 
  
    Receivable from Federal Crop Insurance Corporation 
     —  
     —  
     —  
     15,462  
     —  
     15,462 
  
    Goodwill and other intangibles 
     —  
     2,761  
     —  
     —  
     —  
     2,