Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 122

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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 items include cash and investments, property and equipment, other
assets, accrued expenses and other liabilities, income taxes recoverable, and shareholders’ equity.

30 

    Three Months Ended March 31, 2025 

    Private 
Passenger Auto  
    Non-Standard 
Auto  
    Home and 
Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $23,828  
    $18,278  
    $26,511  
    $(15) 
    $3,559  
    $72,161 
  
    Assumed premiums earned 
     —  
     —  
     —  
     —  
     39  
     39 
  
    Ceded premiums earned 
     (1,170) 
     (25) 
     (2,790) 
     (361) 
     (357) 
     (4,703)
  
    Net premiums earned 
     22,658  
     18,253  
     23,721  
     (376) 
     3,241  
     67,497 

    Direct losses and loss adjustment expenses 
     13,498  
     14,538  
     9,932  
     129  
     2,282  
     40,379 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     —  
     (233) 
     (233)
  
    Ceded losses and loss adjustment expenses 
     (3) 
     —  
     (145) 
     (628) 
     (845) 
     (1,621)
  
    Net losses and loss adjustment expenses 
     13,495  
     14,538  
     9,787  
     (499) 
     1,204  
     38,525 

    Gross margin 
     9,163  
     3,715  
     13,934  
     123  
     2,037  
     28,972 

    Amortization of deferred policy acquisition costs 
     4,486  
     6,324  
     5