Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 489

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 489
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 losses.
Portions of our catastrophe losses may be recoverable under our catastrophe reinsurance agreements.

For more information on the Company’s results of operations
by segment, see Part II, Item 8, Note 21 “Segment Information.”

29 

Years ended December 31, 2024, 2023, and 2022 

The consolidated net income from continuing operations for the Company
was $6,600 for the year ended December 31, 2024, compared to net income of $19,831 for the year ended December 31, 2023, and a net loss
of $38,685 for the year ended December 31, 2022.

The major components of our revenues and net income (loss) for the
three periods are shown below:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Revenues: 

    Net premiums earned 
    $310,110  
    $292,117  
    $271,740 
  
    Fee and other income 
     1,938  
     1,940  
     1,381 
  
    Net investment income 
     10,943  
     8,034  
     6,636 
  
    Net investment gains (losses) 
     2,213  
     1,929  
     (11,975)
  
    Total revenues 
    $325,204  
    $304,020  
    $267,782 

    Components of net income (loss): 

    Net premiums earned 
    $310,110  
    $292,117  
    $271,740 
  
    Losses and loss adjustment expenses 
     207,465  
     186,516  
     241,750 
  
    Amortization of deferred policy acquisition costs and other underwriting and general expenses 
     104,966  
     96,957  
     78,908 
  
    Underwriting gain (loss) 
     (2,321) 
     8,644  
     (48,918)

    Fee and other income 
     1,938  
     1,940  
     1,381 
  
    Net investment income 
     10,943  
     8,034  
     6