Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 127

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 and loss adjustment expenses 
    $66,607  
    $80,799  
    $105,132  
    $133,008 

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

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Continuing operations: 

    Direct losses and loss adjustment expenses 
    $109,382  
    $73,350  
    $149,761  
    $114,869 
  
    Assumed losses and loss adjustment expenses 
     284  
     224  
     51  
     269 
  
    Ceded losses and loss adjustment expenses 
     (43,059) 
     (4,216) 
     (44,680) 
     (5,636)
  
    Net losses and loss adjustment expenses 
    $66,607  
    $69,358  
    $105,132  
    $109,502 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Discontinued operations: 

    Direct losses and loss adjustment expenses 
    $—  
    $15,218  
    $—  
    $28,353 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     — 
  
    Ceded losses and loss adjustment expenses 
     —  
     (3,777) 
     —  
     (4,847)
  
    Net losses and loss adjustment expenses 
    $—  
    $11,441  
    $—  
    $23,506 

Intercompany Reinsurance Pooling Arrangement

Effective January 1, 2020, all of our insurance subsidiary and affiliate
companies entered into an intercompany reinsurance pooling agreement. Nodak Insurance is the lead company of the pool, and assumes the
net premiums, net losses, and underwriting expenses from each of the other five companies. Nodak Insurance then retrocedes balances back