Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 2270

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7A
Chunk 2270
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 Operations. For the Consolidated Balance Sheets, those items include cash and investments, property and equipment,
other assets, accrued expenses and other liabilities, income taxes recoverable or payable, and shareholders’ equity.

97 

    Year Ended December 31, 2024 

    Private 
Passenger Auto  
    Non-Standard
 Auto  
    Home and
 Farm  
    Crop  
    All Other  
    Total 
  
    Direct premiums earned 
    $94,865  
    $95,502  
    $102,073  
    $36,421  
    $13,024  
    $341,885 
  
    Assumed premiums earned 
     —  
     —  
     —  
     2,147  
     837  
     2,984 
  
    Ceded premiums earned 
     (4,551) 
     (277) 
     (11,312) 
     (17,426) 
     (1,193) 
     (34,759)
  
    Net premiums earned 
     90,314  
     95,225  
     90,761  
     21,142  
     12,668  
     310,110 

    Direct losses and loss adjustment expenses 
     54,340  
     76,130  
     66,968  
     12,310  
     11,243  
     220,991 
  
    Assumed losses and loss adjustment expenses 
     —  
     —  
     —  
     537  
     247  
     784 
  
    Ceded losses and loss adjustment expenses 
     (2,471) 
     —  
     (2,407) 
     (3,776) 
     (5,656) 
     (14,310)
  
    Net losses and loss adjustment expenses 
     51,869  
     76,130  
     64,561  
     9,071  
     5,834  
     207,465 

    Gross margin 
     38,445  
     19,095  
     26,200  
     12,071  
     6,834