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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2024
Insurance [Abstract] |
Effects of Reinsurance | Information regarding the effect of reinsurance on the Condensed Consolidated Balance Sheets is as follows as of the periods indicated:
| Direct |  | Assumed |  | Ceded |  | Total, Net of Reinsurance
June 30, 2024 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Premiums receivable | $ | 217 |  |  | $ | 12 |  |  | $ | (226) |  |  | $ | 3 |
Reinsurance recoverable, net of allowance for credit losses | — |  |  | — |  |  | 11,571 |  |  | 11,571 |
Total | $ | 217 |  |  | $ | 12 |  |  | $ | 11,345 |  |  | $ | 11,574 |
Liabilities |  |  |  |  |  |  |
Future policy benefits and contract owner account balances | $ | 46,310 |  |  | $ | 921 |  |  | $ | — |  |  | $ | 47,231 |
Liability for funds withheld under reinsurance agreements | 104 |  |  | — |  |  | — |  |  | 104 |
Total | $ | 46,414 |  |  | $ | 921 |  |  | $ | — |  |  | $ | 47,335 |
December 31, 2023 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Premiums receivable | $ | 193 |  |  | $ | 9 |  |  | $ | (219) |  |  | $ | (17) |
Reinsurance recoverable, net of allowance for credit losses | — |  |  | — |  |  | 11,999 |  |  | 11,999 |
Total | $ | 193 |  |  | $ | 9 |  |  | $ | 11,780 |  |  | $ | 11,982 |
Liabilities |  |  |  |  |  |  |
Future policy benefits and contract owner account balances | $ | 47,781 |  |  | $ | 953 |  |  | $ | — |  |  | $ | 48,734 |
Liability for funds withheld under reinsurance agreements | 103 |  |  | — |  |  | — |  |  | 103 |
Total | $ | 47,884 |  |  | $ | 953 |  |  | $ | — |  |  | $ | 48,837 |
Information regarding the effect of reinsurance on the Condensed Consolidated Statements of Operations is as follows for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Premiums: |  |  |  |  |  |  |
Direct premiums | $ | 1,025 |  |  | $ | 902 |  |  | $ | 2,054 |  |  | $ | 1,810 |
Reinsurance assumed | 4 |  |  | 5 |  |  | 11 |  |  | 15 |
Reinsurance ceded | (239) |  |  | (230) |  |  | (475) |  |  | (463) |
Net premiums | $ | 790 |  |  | $ | 677 |  |  | $ | 1,590 |  |  | $ | 1,362 |
Fee income: |  |  |  |  |  |  |
Gross fee income | $ | 612 |  |  | $ | 571 |  |  | $ | 1,220 |  |  | $ | 1,133 |
Reinsurance assumed | 4 |  |  | 5 |  |  | 8 |  |  | 9 |
Reinsurance ceded | (99) |  |  | (102) |  |  | (198) |  |  | (204) |
Net fee income | $ | 517 |  |  | $ | 474 |  |  | $ | 1,030 |  |  | $ | 938 |
Interest credited and other benefits to contract owners / policyholders:
Direct interest credited and other benefits to contract owners / policyholders | $ | 1,157 |  |  | $ | 1,014 |  |  | $ | 2,338 |  |  | $ | 2,122 |
Reinsurance assumed | 17 |  |  | 11 |  |  | 36 |  |  | 30 |
Reinsurance ceded | (331) |  |  | (343) |  |  | (680) |  |  | (719) |
Net interest credited and other benefits to contract owners / policyholders | $ | 843 |  |  | $ | 682 |  |  | $ | 1,694 |  |  | $ | 1,433 |

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration