Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 102

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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eded premium 
     (9,807) 
     (9,494)
  
    Net premiums 
    $92,987  
    $85,557 

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

    Three Months Ended March 31, 2025  
    Three Months Ended March 31, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Continuing operations: 

    Direct premium 
    $67,728  
    $72,161  
    $83,041  
    $75,398 
  
    Assumed premium 
     38  
     39  
     137  
     151 
  
    Ceded premium 
     (4,704) 
     (4,703) 
     (5,666) 
     (5,665)
  
    Net premiums 
    $63,062  
    $67,497  
    $77,512  
    $69,884 

    Three Months Ended March 31, 2025  
    Three Months Ended March 31, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Discontinued operations: 

    Direct premium 
    $—  
    $—  
    $19,616  
    $19,502 
  
    Assumed premium 
     —  
     —  
     —  
     — 
  
    Ceded premium 
     —  
     —  
     (4,141) 
     (3,829)
  
    Net premiums 
    $—  
    $—  
    $15,475  
    $15,673 

A reconciliation of direct to net losses and loss adjustment
expenses, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Direct losses and loss adjustment expenses 
    $40,379  
    $54,654 
  
    Assumed losses