Reinsurance (Tables)

9 Months Ended

Sep. 30, 2022

Reinsurance Disclosures [Abstract]

Schedule of reconciliation of direct to net premiums on both a written and an earned basis

NI Holdings, Inc.

Notes to Consolidated Financial Statements (Unaudited)

(dollar amounts in thousands, except per share amounts)

A reconciliation of direct to net premiums on both a written and an earned basis is as follows:

	Three Months Ended September 30, 2022						Nine Months Ended September 30, 2022
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Direct premium	$	81,147		$	102,173		$	301,642		$	269,823
Assumed premium		680			2,460			5,767			6,012
Ceded premium		(10,765	)		(15,101	)		(36,600	)		(32,220	)
Net premiums	$	71,062		$	89,532		$	270,809		$	243,615

	Three Months Ended September 30, 2021						Nine Months Ended September 30, 2021
	Premiums Written			Premiums Earned			Premiums Written			Premiums Earned
Direct premium	$	68,905		$	93,740		$	266,877		$	249,542
Assumed premium		1,316			1,336			6,342			6,300
Ceded premium		(3,495	)		(12,903	)		(36,812	)		(34,253	)
Net premiums	$	66,726		$	82,173		$	236,407		$	221,589

Schedule of reconciliation of direct to net losses and loss adjustment expenses

A reconciliation of direct to net losses and loss adjustment expenses is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Direct losses and loss adjustment expenses	$	94,446		$	87,453		$	250,611		$	201,630
Assumed losses and loss adjustment expenses		868			2,308			2,413			5,216
Ceded losses and loss adjustment expenses		(16,397	)		(24,019	)		(25,383	)		(41,297	)
Net losses and loss adjustment expenses	$	78,917		$	65,742		$	227,641		$	165,549