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Operating Expenses and Commissions

12 Months Ended

Dec. 31, 2023

Analysis of income and expense [abstract]

Operating Expenses and Commissions

17. Operating expenses and commissions


For the years ended December 31,			2023						2022
									(restated, see Note 2)
Operating expenses incurred (insurance and non-insurance):
Employee expenses(1)						$	6,144					$	5,107
Premises and equipment						216						216
Capital asset depreciation						249						241
Service fees						1,220						1,152
Amortization and impairment of intangible assets and goodwill						349						475
Other expenses						2,610						1,882
Total operating expenses incurred (insurance and non-insurance)						10,788						9,073
Commissions incurred:
Insurance						2,084						1,802
Non-insurance						948						990
Total commissions incurred (insurance and non-insurance)						3,032						2,792
Total operating expenses and commissions incurred (insurance and non-insurance)						13,820						11,865
Less: Amounts deferred as insurance acquisition cash flows for insurance contracts						2,034						1,497
Amounts included in insurance service expenses (Note 10)						3,176						2,946
Investment components for insurance contracts excluded from expenses						615						330
Total operating expenses and commissions						$	7,995					$	7,092

(1) See table below for further details.

Employee expenses consist of the following:


For the years ended December 31,			2023						2022
Salaries, bonus, employee benefits						$	5,605					$	4,846
Share-based payments (Note 18)						491						227
Other personnel costs						48						34
Total employee expenses						$	6,144					$	5,107