Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 423

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 423
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-year, with the elevated expenses during the third
quarter of 2024 being the result of the costs associated with the execution of an executive separation agreement.

40 

Underwriting Gain (Loss) and Combined Ratio

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

    2025  
    2024  
    2025  
    2024 
  
    Underwriting gain (loss): 

    Private Passenger Auto 
    $2,527  
    $1,072  
    $6,144  
    $566 
  
    Non-Standard Auto 
     (9,464) 
     (7,830) 
     (22,828) 
     (12,846)
  
    Home and Farm 
     (2,751) 
     (6,162) 
     (10,814) 
     (10,974)
  
    Crop 
     3,287  
     2,912  
     4,013  
     4,877 
  
    All Other 
     (120) 
     838  
     2,400  
     1,717 
  
    Total underwriting loss 
    $(6,521) 
    $(9,170) 
    $(21,085) 
    $(16,660)

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

    2025  
    2024  
    2025  
    2024 
  
    Combined ratio: 

    Private Passenger Auto 
     89.1%  
     95.2%  
     91.1%  
     99.1% 
  
    Non-Standard Auto 
     187.1%  
     134.0%  
     152.3%  
     117.2% 
  
    Home and Farm 
     111.6%  
     126.2%  
     115.7%  
     116.5% 
  
    Crop 
     68.3%  
     73.3%  
     80.6%  
     76.0% 
  
    All Other 
     103.1%  
     74.5%