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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes [Abstract] |
Schedule of Components of Our Provision for Income Tax Expense (Benefit) | The components of our provision for income tax expense (benefit) were as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Current income tax expense (benefit) |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 2,567 |  |  | $ | (11,280 | ) |  | $ | 3,930 |
State |  |  | 278 |  |  |  | (2 | ) |  |  | 354 |
Total current |  |  | 2,845 |  |  |  | (11,282 | ) |  |  | 4,284 |
Deferred income tax expense (benefit) |  |  | (1,882 | ) |  |  | (3,972 | ) |  |  | (1,310 | )
Total income tax expense (benefit) |  | $ | 963 |  |  | $ | (15,254 | ) |  | $ | 2,974 |
Schedule of Provision for Income Tax Expense (Benefit) | The provision for income tax expense (benefit) differs from the amount that would be computed by applying the statutory federal rate to income (loss) before income taxes as a result of the following:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Income (loss) before income taxes |  | $ | (4,263 | ) |  | $ | (69,029 | ) |  | $ | 11,306 |
Expected provision for federal income taxes at 21% |  | $ | (895 | ) |  | $ | (14,496 | ) |  | $ | 2,374 |
State income taxes, net of federal impact |  |  | 90 |  |  |  | (2 | ) |  |  | 474 |
Tax-exempt interest |  |  | (204 | ) |  |  | (187 | ) |  |  | (197 | )
Dividends received deduction |  |  | (118 | ) |  |  | (147 | ) |  |  | (122 | )
Section 832(b)(5)(B) proration amount |  |  | 77 |  |  |  | 78 |  |  |  | 72 |
Compensation-related expenses |  |  | 27 |  |  |  | 213 |  |  |  | 326 |
Goodwill impairment |  |  | 1,419 |  |  |  | — |  |  |  | — |
Research and development credit |  |  | (59 | ) |  |  | (70 | ) |  |  | (30 | )
Change in valuation allowance |  |  | (189 | ) |  |  | (314 | ) |  |  | 77 |
Other |  |  | 815 |  |  |  | (329 | ) |  |  | — |
Total income tax expense (benefit) |  | $ | 963 |  |  | $ | (15,254 | ) |  | $ | 2,974 |
Schedule of Deferred Income Tax Assets and Deferred Income Tax Liabilities | The income tax effects of temporary differences that give rise to significant portions of our deferred income tax assets and deferred income tax liabilities at December 31, 2023 and 2022, were as follows:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Deferred income tax assets: |  |  |  |  |  |  |  |
Unearned premium |  | $ | 7,371 |  |  | $ | 6,725 |
Unpaid losses and loss adjustment expenses |  |  | 1,681 |  |  |  | 1,430 |
Net unrealized losses on investments |  |  | 6,421 |  |  |  | 6,586 |
Net operating loss carryovers |  |  | 851 |  |  |  | 1,194 |
Deferred compensation |  |  | 579 |  |  |  | 500 |
Other |  |  | 1,269 |  |  |  | 1,465 |
Total deferred income tax assets |  |  | 18,172 |  |  |  | 17,900 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Deferred policy acquisition costs |  |  | 7,693 |  |  |  | 6,766 |
Intangibles |  |  | 1,243 |  |  |  | 1,356 |
Other |  |  | 318 |  |  |  | 79 |
Total deferred income tax liabilities |  |  | 9,254 |  |  |  | 8,201 |
Net deferred income tax asset |  |  | 8,918 |  |  |  | 9,699 |
Valuation allowance |  |  | (505 | ) |  |  | (694 | )
Deferred income tax asset, net |  | $ | 8,413 |  |  | $ | 9,005 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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