NI (NODK) - 2025 Q2 - Quarterly Results

| | | Three Months Ended June 30, | | | Six Months Ended June 30, | | | --- | --- | --- | --- | --- | --- | --- | | Dollars in thousands, except per share data | | | | | | | | (unaudited) | 2025 | 2024 | Change | 2025 | 2024 | Change | | Direct written premiums | $109,519 | $118,472 | (7.6%) | $177,247 | $201.513 | (12.0%) | | Net earned premiums | $73,005 | $85,169 | (14.3%) | $140,502 | $155,053 | (9.4%) | | Loss and LAE ratio | 91.2% | 81.4% | 9.8 pts | 74.8% | 70.6% | 4.2 pts | | Expense ratio | 33.9% | ...