Financial Supplement as of September 30, 2024

Pages:

Consolidated Statements of Operations

3

Consolidated Selected Data

4

CONTACT INFORMATION

Corporate Headquarters Address:

Investor Relations Contact:

1101 First Avenue North

Seth Daggett

Fargo, ND 58102

Executive Vice President, Treasurer and Chief Financial Officer

701-298-4200

701-298-4348

[email protected]

2024 (A)

2023 (B)

($ in thousands)

3Q

2Q

1Q

4Q

3Q

2Q

1Q

NI Holdings, Inc.

Consolidated Selected Data

(Unaudited)

2024 (A)

2023 (B)

($ in thousands)

3Q

2Q

1Q

4Q

3Q

2Q

1Q

Direct premiums written by state: (6)

North Dakota (7)

$

30,173

$

71,775

$

32,405

$

30,391

$

23,471

$

80,509

$

29,134

Illinois

13,999

17,625

28,179

27,371

21,805

14,054

23,118

Nebraska

13,756

14,997

12,578

12,308

12,799

13,920

11,671

South Dakota (7)

8,095

9,085

7,311

7,567

7,430

8,190

6,474

Arizona

766

1,578

1,914

895

1,312

867

1,003

Minnesota (7)

640

2,834

76

213

417

3,242

136

Nevada

275

578

578

624

685

793

836

New Jersey

-

-

-

2,763

2,231

2,514

4,031

North Carolina

-

-

-

4,684

2,513

2,415

2,211

Virginia

-

-

-

1,777

1,875

4,749

3,152

South Carolina

-

-

-

1,644

558

709

2,065

Pennsylvania

-

-

-

2,338

553

1,608

1,780

Maryland

-

-

-

4,830

2,400

4,960

1,199

Tennessee

-

-

-

276

151

1,218

907

District of Columbia

-

-

-

1,259

1,020

1,049

1,014

Georgia

-

-

-

2,115

1,966

2,316

1,180

Delaware

-

-

-

1,191

21

332

578

Kentucky

-

-

-

124

18

805

67

West Virginia

-

-

-

-

-

-

-

Total

$

67,704

$

118,472

$

83,041

$

102,370

$

81,223

$

144,250

$

90,556

Direct premiums written by segment: (6)

Private passenger auto

$

23,608

$

25,982

$

23,952

$

23,312

$

22,119

$

24,446

$

22,199

Non-standard auto

15,624

20,350

31,273

29,476

24,338

16,101

25,381

Home and farm

26,362

30,402

24,788

23,628

23,608

27,239

21,921

Crop (7)

(1,003)

37,780

(204)

(113)

(4,900)

50,296

(10)

Commercial

-

-

-

24,790

14,767

24,647

19,651

All other (8)

3,113

3,958

3,232

1,277

1,291

1,521

1,414

Total

$

67,704

$

118,472

$

83,041

$

102,370

$

81,223

$

144,250

$

90,556

Net premiums earned by segment:

Private passenger auto

$

22,612

$

22,471

$

22,102

$

21,929

$

21,235

$

20,543

$

19,653

Non-standard auto

23,001

26,743

24,988

24,005

21,231

21,645

20,879

Home and farm

23,479

21,924

21,415

21,674

21,309

20,415

19,991

Crop (7)

10,885

10,978

(1,549)

3,460

9,746

13,336

(725)

Commercial

-

-

-

16,067

15,751

16,641

16,017

All other (8)

3,293

3,053

2,928

1,459

1,498

1,566

1,812

Total

$

83,270

$

85,169

$

69,884

$

88,594

$

90,770

$

94,146

$

77,627

Loss and loss adjustment expenses by segment:

Private passenger auto

$

14,070

$

19,929

$

11,293

$

9,110

$

16,603

$

18,866

$

15,625

Non-standard auto

20,504

19,313

16,869

13,026

18,838

14,139

17,038

Home and farm

22,023

22,026

12,181

10,249

14,052

17,915

8,719

Crop (7)

6,190

7,311

(1,557)

(334)

3,690

8,210

(773)

Commercial

-

-

-

12,230

10,272

18,129

18,114

All other (8)

2,313

779

1,358

236

109

247

102

Total

$

65,100

$

69,358

$

40,144

$

44,517

$

63,564

$

77,506

$

58,825

Loss and loss adjustment expense ratios by segment: (3)

Private passenger auto

62.2%

88.7%

51.1%

41.5%

78.2%

91.8%

79.5%

Non-standard auto

89.1%

72.2%

67.5%

54.3%

88.7%

65.3%

81.6%

Home and farm

93.8%

100.5%

56.9%

47.3%

65.9%

87.8%

43.6%

Crop (7)

56.9%

66.6%

n/a

-9.7%

37.9%

61.6%

n/a

Commercial

n/a

n/a

n/a

76.1%

65.2%

108.9%

n/a

All other (8)

70.2%

25.5%

46.4%

16.2%

7.3%

15.8%

5.6%

Total

78.2%

81.4%

57.4%

50.2%

70.0%

82.3%

75.8%