Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 126

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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    Loss and loss adjustment expense ratio 
     51.1%  
     67.5%  
     56.9%  
     100.5%  
     46.4%  
     57.4% 
  
    Expense ratio 
     31.8%  
     41.2%  
     31.3%  
     0.1%  
     51.4%  
     36.5% 
  
    Combined ratio 
     82.9%  
     108.7%  
     88.2%  
     100.6%  
     97.8%  
     93.9% 

    Balances at March 31, 2024: 

    Premiums and agents’ balances receivable 
    $24,562  
    $22,720  
    $10,269  
    $—  
    $2,428  
    $59,979 
  
    Deferred policy acquisition costs 
     6,295  
     12,978  
     8,621  
     —  
     1,054  
     28,948 
  
    Reinsurance recoverables on losses 
     88  
     —  
     2,970  
     33  
     3,255  
     6,346 
  
    Receivable from Federal Crop Insurance Corporation 
     —  
     —  
     —  
     13,913  
     —  
     13,913 
  
    Goodwill and other intangibles 
     —  
     2,728  
     —  
     —  
     —  
     2,728 
  
    Unpaid losses and loss adjustment expenses 
     25,610  
     65,228  
     20,124  
     92  
     9,477  
     120,531 
  
    Unearned premiums 
     36,095  
     42,641  
     48,751  
     —  
     6,240  
     133,727 

(1) Other underwriting and general expenses for each segment include
expenses related