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

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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     —  
     — 
  
    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 and loss adjustment expenses 
     (233) 
     45 
  
    Ceded losses and loss adjustment expenses 
     (1,621) 
     (2,490)
  
    Net losses and loss adjustment expenses 
    $38,525  
    $52,209 

17 

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

    Three Months Ended March 31, 

    2025  
    2024 
  
    Continuing operations: 

    Direct losses and loss adjustment expenses 
    $40,379  
    $41,519 
  
    Assumed losses and loss adjustment expenses 
     (233) 
     45 
  
    Ceded losses and loss adjustment expenses 
     (1,621) 
     (1,420)
  
    Net losses and loss adjustment expenses 
    $38,525  
    $40,144 

    Three Months Ended March 31, 

    2025  
    2024 
  
    Discontinued operations: 

    Direct losses and loss adjustment expenses 
    $—  
    $13,135 
  
    Assumed losses and loss adjustment expenses 
     —  
     — 
  
    Ceded losses and loss adjustment expenses 
     —  
     (1,070)
  
    Net losses and loss adjustment expenses 
    $—  
    $12,065 

Intercompany Reinsurance Pooling Arrangement

Effective January 1, 2020, all of our insurance subsidiary and affiliate
companies entered into an intercompany reinsurance pooling agreement. Nodak