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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2021
Related Party Transactions [Abstract] |
Schedule of Pooling Share Percentages | For the years ended December 31, 2021 and 2020, the pooling share percentages by insurance company were:
|  |  | Pool Percentage
Nodak Insurance Company |  |  |  | 66.0 | %
American West Insurance Company |  |  |  | 7.0 | %
Primero Insurance Company |  |  |  | 3.0 | %
Battle Creek Mutual Insurance Company |  |  |  | 2.0 | %
Direct Auto Insurance Company |  |  |  | 13.0 | %
Westminster American Insurance Company |  |  |  | 9.0 | %
Total |  |  |  | 100.0 | %
Schedule of illustrates the impact of consolidating Battle Creek into our consolidated balance sheets and statements of operations prior to intercompany eliminations | The following tables disclose the standalone balance sheets and statements of operations of Battle Creek, prior to intercompany eliminations, to illustrate the impact of including Battle Creek in our Consolidated Balance Sheets and Statements of Operations:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4,398 |  |  | $ | 6,055 |
Investments |  |  | 10,610 |  |  |  | 5,543 |
Premiums and agents’ balances receivable |  |  | 5,038 |  |  |  | 4,738 |
Deferred policy acquisition costs |  |  | 499 |  |  |  | 479 |
Pooling receivable (1) |  |  | - |  |  |  | 920 |
Reinsurance recoverables on losses (2) |  |  | 10,173 |  |  |  | 5,646 |
Accrued investment income |  |  | 51 |  |  |  | 27 |
Deferred income taxes |  |  | 142 |  |  |  | 101 |
Property and equipment |  |  | 325 |  |  |  | 337 |
Other assets |  |  | 52 |  |  |  | 49 |
Total assets |  | $ | 31,288 |  |  | $ | 23,895 |
Liabilities: |  |  |  |  |  |  |  |
Unpaid losses and LAE |  | $ | 2,937 |  |  | $ | 2,445 |
Unearned premiums |  |  | 2,544 |  |  |  | 2,381 |
Notes payable (1) |  |  | 3,000 |  |  |  | 3,000 |
Pooling payable (1) |  |  | 5,580 |  |  |  | - |
Reinsurance losses payable (2) |  |  | 12,754 |  |  |  | 11,221 |
Accrued expenses and other liabilities |  |  | 264 |  |  |  | 303 |
Total liabilities |  |  | 27,079 |  |  |  | 19,350 |
Equity: |  |  |  |  |  |  |  |
Non-controlling interest |  |  | 4,209 |  |  |  | 4,545 |
Total equity |  |  | 4,209 |  |  |  | 4,545 |
Total liabilities and equity |  | $ | 31,288 |  |  | $ | 23,895 |
(1) | Amount fully eliminated in consolidation.
(2) | Amount partly eliminated in consolidation.
|  |  | Year Ended December 31, |
|  |  | 2021 |  |  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned |  |  |  | $ | 5,992 |  |  | $ | 5,673 |  |  | $ | - |
Fee and other income |  |  |  |  | (11 | ) |  |  | (23 | ) |  |  | (9 | )
Net investment income |  |  |  |  | 49 |  |  |  | (3 | ) |  |  | 139 |
Net capital gain on investments |  |  |  |  | 2 |  |  |  | 1 |  |  |  | 3 |
Total revenues |  |  |  |  | 6,032 |  |  |  | 5,648 |  |  |  | 133 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Losses and loss adjustment expenses |  |  |  |  | 4,328 |  |  |  | 3,369 |  |  |  | - |
Amortization of deferred policy acquisition costs |  |  |  |  | 1,291 |  |  |  | 1,029 |  |  |  | - |
Other underwriting and general expenses |  |  |  |  | 470 |  |  |  | 77 |  |  |  | - |
Total expenses |  |  |  |  | 6,089 |  |  |  | 4,475 |  |  |  | - |
Income (loss) before income taxes |  |  |  |  | (57 | ) |  |  | 1,173 |  |  |  | 133 |
Income taxes |  |  |  |  | 27 |  |  |  | 218 |  |  |  | 34 |
Net income (loss) |  |  |  | $ | (84 | ) |  | $ | 955 |  |  | $ | 99 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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- Definition Tabular disclosure of the key aspects of a subsidiary (partnership, corporation, or other entity) of the limited liability company or limited partnership. + References No definition available. + Details
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