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Dispositions | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Dispositions | DISPOSITIONS Disposition of Reserve National Insurance Company In July 2022, the Company entered into a definitive agreement to sell Reserve National Insurance Company and its wholly-owned subsidiaries (collectively, “Reserve National”) to Medical Mutual of Ohio for approximately $90.0 million in total consideration. The sale closed on December 1, 2022 and a loss of $1.6 million, net of income tax, was recorded for the year ended December 31, 2022. The Company reported Reserve National’s results of operations in the Life Insurance segment through December 1, 2022. NOTE 4. DISPOSITIONS (Continued) The following table summarizes the assets and liabilities included in the sale on December 1, 2022:
(Dollars in millions) |  | Dec 1, 2022
Assets: |  |
Investments: |  |
Fixed Maturities at Fair Value (Amortized Cost: $43.3) |  | $ | 36.7 |
Short-term Investments at Cost which Approximates Fair Value |  | 0.7 |
Loans to Policyholders |  | 0.7 |
Total Investments |  | 38.1 |
Cash |  | 81.0 |
Receivables from Policyholders |  | 2.6 |
Other Receivables |  | 1.6 |
Deferred Policy Acquisition Costs |  | 38.7 |
Goodwill |  | 0.3 |
Other Assets |  | 3.1 |
Investment in Subsidiaries |  | 0.2 |
Total Assets |  | $ | 165.6 |
Liabilities: |  |
Insurance Reserves: |  |
Health Insurance Reserves |  | $ | 48.2 |
Unearned Premiums |  | 10.8 |
Deferred Income Tax Liabilities |  | 1.8 |
Accrued Expenses and Other Liabilities |  | 13.8 |
Total Liabilities |  | $ | 74.6 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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