Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 406

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 406
---

Statement of Operations. For the Consolidated Balance Sheets, those items include cash and investments, property and equipment, other
assets, accrued expenses and other liabilities, income taxes recoverable, and shareholders’ equity.

32 

    Three Months Ended September 30, 2025 

    Private 
Passenger Auto  
    Non-Standard
 Auto  
    Home and
 Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $24,242  
    $10,874  
    $28,508  
    $14,160  
    $4,035  
    $81,819 
  
    Assumed premiums earned 
     —  
     —  
     —  
     1,604  
     137  
     1,741 
  
    Ceded premiums earned 
     (1,036) 
     (15) 
     (4,866) 
     (5,400) 
     (338) 
     (11,655)
  
    Net premiums earned 
     23,206  
     10,859  
     23,642  
     10,364  
     3,834  
     71,905 

    Direct losses and loss adjustment expenses 
     15,664  
     15,380  
     15,029  
     6,837  
     4,918  
     57,828 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     504  
     19  
     523 
  
    Ceded losses and loss adjustment expenses 
     (1,550) 
     —  
     3,527  
     (2,002) 
     (2,129) 
     (2,154)
  
    Net losses and loss adjustment expenses 
     14,114  
     15,380  
     18,556  
     5,339  
     2,808  
     56,197 

    Gross margin 
     9,092  
     (4,521) 
     5,086  
     5,025  
     1,026