Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 29

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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2025  
    Three Months Ended September 30, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Direct premium 
    $58,458  
    $81,819  
    $67,704  
    $90,125 
  
    Assumed premium 
     128  
     1,741  
     189  
     1,880 
  
    Ceded premium 
     (6,588) 
     (11,655) 
     (5,451) 
     (8,735)
  
    Net premiums 
    $51,998  
    $71,905  
    $62,442  
    $83,270 

17 

    Nine Months Ended September 30, 2025  
    Nine Months Ended September 30, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Direct premium 
    $235,705  
    $236,523  
    $310,849  
    $296,107 
  
    Assumed premium 
     2,475  
     2,476  
     2,666  
     2,684 
  
    Ceded premium 
     (29,810) 
     (26,592) 
     (31,523) 
     (29,412)
  
    Net premiums 
    $208,370  
    $212,407  
    $281,992  
    $269,379 

The reconciliations of the Company’s direct to net premiums
on both a written and an earned basis for the current and comparable prior year quarter, segregated between continuing and discontinued
operations, are shown below:

    Three Months Ended September 30, 2025  
    Three Months Ended September 30, 2024 

    Premiums Written  
    Premiums Earned  
    Premiums Written  
    Premiums Earned 
  
    Continuing operations: 

    Direct premium 
    $58,458  
    $81,819  
    $67,704  
    $90,125 
  
    Assumed premium 
     128  
     1,741