Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 779

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 779
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-offs.

A reconciliation of direct to net premiums on both a written
and an earned basis, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

    Year Ended December 31, 

    2024  
    2023  
    2022 

    Premiums 
Written  
    Premiums 
Earned  
    Premiums 
Written  
    Premiums
 Earned  
    Premiums 
Written  
    Premiums 
Earned 
  
    Direct premium 
    $383,933  
    $380,968  
    $418,399  
    $401,945  
    $389,706  
    $368,886 
  
    Assumed premium 
     2,967  
     2,984  
     3,098  
     3,570  
     6,299  
     6,550 
  
    Ceded premium 
     (43,503) 
     (42,786) 
     (54,848) 
     (54,378) 
     (46,993) 
     (47,146)
  
    Net premiums 
    $343,397  
    $341,166  
    $366,649  
    $351,137  
    $349,012  
    $328,290 

71 

The reconciliations of the Company’s direct to net
premiums on both a written and an earned basis for the current year-to-date and comparable prior year-to-date amounts, segregated between
continuing and discontinued operations, are shown below.

    Year Ended December 31, 

    2024  
    2023  
    2022 

    Premiums 
Written  
    Premiums 
Earned  
    Premiums 
Written  
    Premiums
 Earned  
    Premiums
 Written  
    Premiums
 Earned 
  
    Continuing operations: 

    Direct premium 
    $342,301  
    $341,885  
    $341,234  
    $325,590  
    $315,095  
    $299,607 
  
    Assumed premium 
     2,967  
     2,984  
     3,098  
     3,570  
     6