Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 113

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 113
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456) 
     (9,433) 
     (3,693)
  
    Income tax benefit 
     (192) 
     (751) 
     (2,176) 
     (445)
  
    Net loss from continuing operations 
    $(1,666) 
    $(2,705) 
    $(7,257) 
    $(3,248)

Net Premiums Earned

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Net premiums earned: 

    Direct premium 
    $81,819  
    $90,125  
    $236,523  
    $257,024 
  
    Assumed premium 
     1,741  
     1,880  
     2,476  
     2,684 
  
    Ceded premium 
     (11,655) 
     (8,735) 
     (26,592) 
     (21,385)
  
    Total net premiums earned 
    $71,905  
    $83,270  
    $212,407  
    $238,323 

Net premiums earned for the three months ended September 30, 2025,
decreased $11,365, or 13.6%, compared to the three months ended September 30, 2024. Net premiums earned for the nine months ended September
30, 2025, decreased 25,916, or 10.9%, compared to the nine months ended September 30, 2024.

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Net premiums earned: 

    Private Passenger Auto 
    $23,206  
    $22,612  
    $68,787  
    $67,185 
  
    Non-Standard Auto 
     10,859  
     23,001  
     43,617  
     74,733 
  
    Home and Farm 
     23,642  
     23,479  
     68,673  
     66,817