Company: NODK
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001174947-25-001142
Chunk: 155

Company: NI Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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 expenses 
     27,195  
     31,397  
     36,799  
     7,967  
     1,774  
     105,132 

    Gross margin 
     18,386  
     1,361  
     8,232  
     2,368  
     5,023  
     35,370 

    Amortization of deferred policy acquisition costs 
     9,385  
     10,587  
     10,400  
     1,100  
     1,430  
     32,902 
  
    Other underwriting and general expenses (1) 
     5,384  
     4,137  
     5,895  
     541  
     1,075  
     17,032 
  
    Underwriting and general expenses 
     14,769  
     14,724  
     16,295  
     1,641  
     2,505  
     49,934 
  
    Underwriting gain (loss) 
     3,617  
     (13,363) 
     (8,063) 
     727  
     2,518  
     (14,564)

    Fee and other income 

     546 
  
    Net investment income 

     5,984 
  
    Net investment gains (losses) 

     459 
  
    Loss before income taxes 

     (7,575)
  
    Income tax expense (benefit) 

     (1,984)
  
    Net loss 

    $(5,591)

    Operating Ratios: 

    Loss and loss adjustment expense ratio 
     59.7%  
     95.8%  
     81.7%  
     77.1%  
     26.1%  
     74.8% 
  
    Expense ratio 
     32.4%  
     44.9%  
     36.2%  
     15.9%  
     36.9%  
     35.5% 
  
    Combined ratio 
     92.1%  
     140.7%