Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 123

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 123
---
    $59,360  
    $59,020  
    $62,035  
    $56,550 

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:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Direct losses and loss adjustment expenses 
    $249,344  
    $293,978  
    $333,397 
  
    Assumed losses and loss adjustment expenses 
     784  
     1,140  
     2,369 
  
    Ceded losses and loss adjustment expenses 
     (19,157) 
     (50,706) 
     (41,334)
  
    Net losses and loss adjustment expenses 
    $230,971  
    $244,412  
    $294,432 

The reconciliations for current and prior year continuing and discontinued
operations of direct to net losses and loss adjustment expenses is as follows:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Continuing Operations: 

    Direct losses and loss adjustment expenses 
    $220,991  
    $195,138  
    $255,187 
  
    Assumed losses and loss adjustment expenses 
     784  
     1,140  
     2,369 
  
    Ceded losses and loss adjustment expenses 
     (14,310) 
     (9,762) 
     (15,806)
  
    Net losses and loss adjustment expenses 
    $207,465  
    $186,516  
    $241,750 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Discontinued Operations: 

    Direct losses and loss adjustment expenses 
    $28,353  
    $98,840  
    $78,210 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     — 
  
    Ceded losses and loss adjustment expenses 
     (4,847) 
     (40,944) 
     (25,528)
  
    Net losses and loss adjustment expenses