Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 48

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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522 
  
    Underwriting gain (loss) 
     3,789  
     (2,183) 
     2,537  
     10  
     65  
     4,218 

    Fee and other income 
        
     350  

     404 

     (1,833) 

    Net investment income 

     2,755 
  
    Net investment gains 

     1,456 
  
    Income before income taxes 

     8,833 
  
    Income tax expense 

     1,898 
  
    Net income 

    $6,935 

    Operating Ratios: 

    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