Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1034

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 1034
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     50,935  
     10,793  
     1,543  
     186,516 

    Gross margin 
     23,156  
     24,719  
     32,454  
     15,024  
     10,248  
     105,601 

    Amortization of deferred policy acquisition costs 
     15,797  
     29,585  
     16,446  
     3,828  
     1,975  
     67,631 
  
    Other underwriting and general expenses (1) 
     8,895  
     7,994  
     8,451  
     2,494  
     1,492  
     29,326 
  
           Underwriting and general expenses 
     24,692  
     37,579  
     24,897  
     6,322  
     3,467  
     96,957 
  
    Underwriting gain (loss) 
     (1,536) 
     (12,860) 
     7,557  
     8,702  
     6,781  
     8,644 

    Fee and other income 
        
     1,293  

     1,940 

     (11,567) 

    Goodwill impairment charge 

     — 

    Net investment income 

     8,034 
  
    Net investment gains (losses) 

     1,929 
  
    Income (loss) before income taxes 

     20,547 
  
    Income tax expense (benefit) 

     716 
  
    Net income (loss) 

     19,831 
  
    Net income (loss) attributable to non-controlling interest 

     250 
  
    Net income (loss) attributable to NI Holdings, Inc. 

    $19,581 

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     72.2%  
     71.8%  
     61.1%  
     41.8%  
     13.1%  
     63.8% 
  
    Expense ratio