We do not assign or allocate all Consolidated Statement of Operations or Consolidated Balance Sheet line items to our operating segments. Those line items include investment income, net capital gain on investments, other income excluding non-standard auto insurance fees, and income taxes within the Consolidated Statement of Operations. For the Consolidated Balance Sheet, those items include cash and investments, property and equipment, other assets, accrued expenses, income taxes recoverable or payable, and shareholders’ equity.

	Year Ended December 31, 2021
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			Commercial			All Other			Total
Direct premiums earned	$	76,749		$	58,842		$	84,102		$	43,541		$	65,104		$	4,916		$	333,254
Assumed premiums earned		-			-			-			2,106			-			5,929			8,035
Ceded premiums earned		(4,216	)		(257	)		(10,310	)		(18,799	)		(7,819	)		(299	)		(41,700	)
Net premiums earned		72,533			58,585			73,792			26,848			57,285			10,546			299,589

Direct losses and LAE		61,358			34,453			59,380			79,177			45,621			1,009			280,998
Assumed losses and LAE		-			-			-			617			-			6,282			6,899
Ceded losses and LAE		(1,637	)		-			(7,235	)		(51,963	)		(10,842	)		159			(71,518	)
Net losses and LAE		59,721			34,453			52,145			27,831			34,779			7,450			216,379

Gross margin		12,812			24,132			21,647			(983	)		22,506			3,096			83,210

Underwriting and general expenses		20,516			22,770			22,122			8,212			20,000			2,669			96,289
Underwriting gain (loss)		(7,704	)		1,362			(475	)		(9,195	)		2,506			427			(13,079	)

Fee and other income					1,280															1,775
					2,642
Net investment income																				7,131
Net capital gain on investments																				15,479
Income before income taxes																				11,306
Income taxes																				2,974
Net income																				8,332
Net loss attributable to non-controlling interest																				(84	)
Net income attributable to NI Holdings, Inc.																			$	8,416

Operating Ratios:
Loss and LAE ratio		82.3	%		58.8	%		70.7	%		103.7	%		60.7	%		70.6	%		72.2	%
Expense ratio		28.3	%		38.9	%		30.0	%		30.6	%		34.9	%		25.3	%		32.1	%
Combined ratio		110.6	%		97.7	%		100.6	%		134.2	%		95.6	%		96.0	%		104.4	%


Balances at December 31, 2021:
Premiums and agents’ balances receivable	$	19,039		$	8,143		$	8,914		$	-		$	14,687		$	669		$	51,452
Deferred policy acquisition costs		4,949			5,978			7,271			-			6,328			421			24,947
Reinsurance recoverables		1,001			-			3,467			6,953			8,722			1,057			21,200
Goodwill and other intangibles		-			2,810			-			-			14,912			-			17,722

Unpaid losses and LAE		26,390			43,515			19,161			6,002			32,924			11,670			139,662
Unearned premiums		28,820			18,679			42,399			-			34,672			3,219			127,789
Payable to Federal Crop Insurance Corporation		-			-			-			4,962			-			-			4,962

	Year Ended December 31, 2020
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			Commercial			All Other			Total
Direct premiums earned	$	74,998		$	53,909		$	82,036		$	39,893		$	45,557		$	4,668		$	301,061
Assumed premiums earned		-			-			-			1,896			-			4,563			6,459
Ceded premiums earned		(2,989	)		(172	)		(7,157	)		(6,071	)		(7,269	)		(201	)		(23,859	)
Net premiums earned		72,009			53,737			74,879			35,718			38,288			9,030			283,661

Direct losses and LAE		45,423			30,347			38,700			36,022			32,620			2,258			185,370
Assumed losses and LAE		-			-			(116	)		1,070			-			2,354			3,308
Ceded losses and LAE		88			-			(1,839	)		(5,713	)		(12,190	)		(551	)		(20,205	)
Net losses and LAE		45,511			30,347			36,745			31,379			20,430			4,061			168,473

Gross margin		26,498			23,390			38,134			4,339			17,858			4,969			115,188

Underwriting and general expenses		19,986			20,739			20,874			4,807			16,358			2,304			85,068
Underwriting gain (loss)		6,512			2,651			17,260			(468	)		1,500			2,665			30,120

Fee and other income					1,337															1,801
					3,988
Net investment income																				7,271
Net capital gain on investments																				13,624
Income before income taxes																				52,816
Income taxes																				11,472
Net income																				41,344
Net income attributable to non-controlling interest																				955
Net income attributable to NI Holdings, Inc.																			$	40,389

Operating Ratios:
Loss and LAE ratio		63.2	%		56.5	%		49.1	%		87.9	%		53.4	%		45.0	%		59.4	%
Expense ratio		27.8	%		38.6	%		27.9	%		13.5	%		42.7	%		25.5	%		30.0	%
Combined ratio		91.0	%		95.1	%		76.9	%		101.3	%		96.1	%		70.5	%		89.4	%


Balances at December 31, 2020:
Premiums and agents’ balances receivable	$	18,540		$	6,543		$	9,072		$	-		$	13,732		$	636		$	48,523
Deferred policy acquisition costs		5,461			4,649			7,828			-			5,588			442			23,968
Reinsurance recoverables		412			-			588			121			5,374			2,215			8,710
Receivable from Federal Crop Insurance Corporation		-			-			-			6,646			-			-			6,646
Goodwill and other intangibles		-			2,860			-			-			15,334			-			18,194

Unpaid losses and LAE		20,311			43,336			11,737			771			19,089			10,506			105,750
Unearned premiums		28,293			16,147			41,301			-			30,705			2,917			119,363

Table of Contents

	Year Ended December 31, 2019
	Private Passenger Auto			Non-Standard Auto			Home and Farm			Crop			Commercial			All Other			Total
Direct premiums earned	$	71,297		$	57,278		$	77,832		$	42,277		$	4,546		$	4,431		$	257,661
Assumed premiums earned		-			-			-			2,072			1			3,824			5,897
Ceded premiums earned		(3,314	)		(164	)		(6,661	)		(6,330	)		(450	)		(201	)		(17,120	)
Net premiums earned		67,983			57,114			71,171			38,019			4,097			8,054			246,438

Direct losses and LAE		53,022			32,654			47,282			35,148			2,541			3,296			173,943
Assumed losses and LAE		63			-			-			1,582			-			2,387			4,032
Ceded losses and LAE		(389	)		-			(1,681	)		(4,639	)		(52	)		(1,504	)		(8,265	)
Net losses and LAE		52,696			32,654			45,601			32,091			2,489			4,179			169,710

Gross margin		15,287			24,460			25,570			5,928			1,608			3,875			76,728

Underwriting and general expenses		18,886			21,077			20,106			4,396			863			1,930			67,258
Underwriting gain (loss)		(3,599	)		3,383			5,464			1,532			745			1,945			9,470

Fee and other income					1,638															2,125
					5,021
Net investment income																				7,433
Net capital gain on investments																				14,783
Income before income taxes																				33,811
Income taxes																				7,311
Net income																				26,500
Net income attributable to non-controlling interest																				99
Net income attributable to NI Holdings, Inc.																			$	26,401

Operating Ratios:
Loss and LAE ratio		77.5	%		57.2	%		64.1	%		84.4	%		60.8	%		51.9	%		68.9	%
Expense ratio		27.8	%		36.9	%		28.3	%		11.6	%		21.1	%		24.0	%		27.3	%
Combined ratio		105.3	%		94.1	%		92.3	%		96.0	%		81.8	%		75.9	%		96.2	%


Balances at December 31, 2019:
Premiums and agents’ balances receivable	$	18,194		$	7,876		$	9,088		$	-		$	940		$	593		$	36,691
Deferred policy acquisition costs		4,108			4,711			5,945			-			315			320			15,399
Reinsurance recoverables		500			-			1,068			998			6			1,473			4,045
Receivable from Federal Crop Insurance Corporation		-			-			-			14,230			-			-			14,230
Goodwill and other intangibles		-			2,912			-			-			-			-			2,912

Unpaid losses and LAE		19,892			43,978			10,503			8,579			1,076			9,222			93,250
Unearned premiums		27,949			16,364			39,945			-			2,334			2,684			89,276