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Allowance for Expected Credit Losses | 3 Months Ended
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Mar. 31, 2024
Credit Loss [Abstract] |
Allowance for expected credit losses | Premiums Receivable The following table provides a roll forward of the allowance for expected credit losses of the Company’s premium receivables:
| Premium Receivables, Net of Allowance | Allowance for Expected Credit Losses |
Three Months Ended March 31, 2024 |  |
Balance at beginning of period | $ | 4,644 |  | $ | 34 |  |
Change for provision of expected credit losses (1) | $ | (2) |  |
Balance at end of period | $ | 5,765 |  | $ | 32 |  |
Three Months Ended March 31, 2023 |  |
Balance at beginning of period | $ | 3,625 |  | $ | 35 |  |
Change for provision of expected credit losses (1) | $ | 1 |  |
Balance at end of period | $ | 4,513 |  | $ | 36 |  |
(1)Amounts deemed uncollectible are written-off in operating expenses. For the 2024 first quarter and 2023 first quarter, amounts written off were nil and $1 million, respectively. Reinsurance Recoverables The following table provides a roll forward of the allowance for expected credit losses of the Company’s reinsurance recoverables:
| Reinsurance Recoverables, Net of Allowance |  | Allowance for Expected Credit Losses |
Three Months Ended March 31, 2024 |  |
Balance at beginning of period | $ | 7,064 |  |  | $ | 21 |  |
Change for provision of expected credit losses |  | (5) |  |
Balance at end of period | $ | 7,509 |  |  | $ | 16 |  |
Three Months Ended March 31, 2023 |  |
Balance at beginning of period | $ | 6,564 |  |  | $ | 22 |  |
Change for provision of expected credit losses |  | (1) |  |
Balance at end of period | $ | 6,612 |  |  | $ | 21 |  |
The following table summarizes the Company’s reinsurance recoverables on paid and unpaid losses (not including ceded unearned premiums):
| March 31, |  | December 31
| 2024 |  | 2023
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses | $ | 7,509 |  | $ | 7,064
% due from carriers with A.M. Best rating of “A-” or better | 66.6 | % |  | 66.8 | %
% due from all other rated carriers | — | % |  | 0.1 | %
% due from all other carriers with no A.M. Best rating (1) | 33.4 | % |  | 33.1 | %
Largest balance due from any one carrier as % of total shareholders’ equity | 7.1 | % |  | 7.2 | %
(1) At March 31, 2024 and December 31, 2023 over 94% and 95% of such amount were collateralized through reinsurance trusts, funds withheld arrangements, letters of credit or other, respectively. Contractholder Receivables The following table provides a roll forward of the allowance for expected credit losses of the Company’s contractholder receivables:
| Contract-holder Receivables, Net of Allowance |  | Allowance for Expected Credit Losses |
Three Months Ended March 31, 2024 |  |
Balance at beginning of period | $ | 1,814 |  |  | $ | 3 |  |
Change for provision of expected credit losses |  | — |  |
Balance at end of period | $ | 1,907 |  |  | $ | 3 |  |
Three Months Ended March 31, 2023 |  |
Balance at beginning of period | $ | 1,731 |  |  | $ | 3 |  |
Change for provision of expected credit losses |  | (1) |  |
Balance at end of period | 1,750 |  |  | $ | 2 |  |

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
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- References No definition available. + Details
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