Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 1130

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 1130
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2022. This 

31 

decrease was driven by the decision to non-renew our participation in an assumed
domestic and international reinsurance pool of business as of January 1, 2022.

Losses and Loss Adjustment Expenses

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net losses and loss adjustment expenses: 

    Direct losses and loss adjustment expenses 
    $220,991  
    $195,138  
    $255,187 
  
    Assumed losses and loss adjustment expenses 
     784  
     1,140  
     2,369 
  
    Ceded losses and loss adjustment expenses 
     (14,310) 
     (9,762) 
     (15,806)
  
    Total net losses and loss adjustment expenses 
    $207,465  
    $186,516  
    $241,750 

The Company’s net losses and loss adjustment expenses for
the year ended December 31, 2024 increased $20,949, or 11.2%, to $207,465, compared to $186,516 for the year ended December 31, 2023.

The Company’s net losses and loss adjustment expenses for
the year ended December 31, 2023 decreased $55,234, or 22.8%, to $186,516, compared to $241,750 for the year ended December 31, 2022.

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net losses and loss adjustment expenses: 

    Private passenger auto 
    $51,869  
    $60,204  
    $65,420 
  
    Non-Standard auto 
     76,130  
     63,041  
     39,400 
  
    Home and farm 
     64,561  
     50,935  
     107,823 
  
    Crop 
     9,071  
     10,793  
     19,418 
  
    All other 
     5,834  
     1,543  
     9,689 
  
    Total net losses and loss adjustment expenses 
    $207,465  
    $186,516  
    $