Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 156

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 117.9%  
     93.0%  
     63.0%  
     110.3% 

(1) Other underwriting and general expenses for each segment include
expenses related to compensation, vendor services, and other administrative items.

35 

    Six Months Ended June 30, 2024 

    Private 
Passenger Auto  
    Non-Standard
 Auto  
    Home and 
Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $46,619  
    $51,878  
    $49,244  
    $12,915  
    $6,243  
    $166,899 
  
    Assumed premiums earned 
     —  
     —  
     —  
     503  
     301  
     804 
  
    Ceded premiums earned 
     (2,046) 
     (147) 
     (5,905) 
     (3,989) 
     (563) 
     (12,650)
  
    Net premiums earned 
     44,573  
     51,731  
     43,339  
     9,429  
     5,981  
     155,053 

    Direct losses and loss adjustment expenses 
     32,308  
     36,182  
     35,356  
     6,955  
     4,068  
     114,869 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     247  
     22  
     269 
  
    Ceded losses and loss adjustment expenses 
     (1,086) 
     —  
     (1,149) 
     (1,448) 
     (1,953) 
     (5,636)
  
    Net losses and loss adjustment expenses 
     31,222  
     36,182  
     34,207  
     5,754  
     2,137  
     109,502 

    Gross margin 
     13,351  
     15,549  
     9,132  
     3,