Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 123

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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,037  
     24  
     657  
     16,528 
  
    Other underwriting and general expenses (1) 
     2,892  
     1,957  
     2,796  
     —  
     987  
     8,632 
  
    Underwriting and general expenses 
     7,378  
     8,281  
     7,833  
     24  
     1,644  
     25,160 
  
    Underwriting gain (loss) 
     1,785  
     (4,566) 
     6,101  
     99  
     393  
     3,812 

    Fee and other income 
        
     221  

     230 

     (4,345) 

    Net investment income 

     2,838 
  
    Net investment gains 

     869 
  
    Income before income taxes 

     7,749 
  
    Income tax expense 

     1,289 
  
    Net income 

    $6,460 

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     59.6%  
     79.6%  
     41.3%  
     132.7%  
     37.1%  
     57.1% 
  
    Expense ratio 
     32.6%  
     45.4%  
     33.0%  
     (6.4)% 
     50.7%  
     37.3% 
  
    Combined ratio 
     92.2%  
     125.0%  
     74.3%  
     126.3%  
     87.8%  
     94.4% 

    Balances at March 31, 2025: 

    Premiums and agents’ balances receivable 
    $26,159  
    $9,676  
    $10,446  
    $30  
    $2,909  
    $49,220 
  
    Deferred policy acquisition costs 
     6,759  
     6,362  
     9,400