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Royalties, Dividends, and Affiliations (Tables) | 12 Months Ended
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Dec. 31, 2023
Royalties, Dividends, and Affiliations [Abstract] |
Schedule of Impact of Including Battle Creek in our Consolidated Balance Sheets and Statements of Operations | 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 Consolidated Statements of Operations:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,621 |  |  | $ | 5,008 |
Investments |  |  | 15,394 |  |  |  | 13,350 |
Premiums and agents’ balances receivable |  |  | 5,953 |  |  |  | 5,422 |
Deferred policy acquisition costs |  |  | 682 |  |  |  | 595 |
Reinsurance recoverables on losses (2) |  |  | 6,918 |  |  |  | 12,597 |
Accrued investment income |  |  | 85 |  |  |  | 59 |
Income tax recoverable |  |  | 225 |  |  |  | 225 |
Deferred income taxes |  |  | 706 |  |  |  | 780 |
Property and equipment |  |  | 306 |  |  |  | 319 |
Other assets |  |  | 97 |  |  |  | 52 |
Total assets |  | $ | 32,987 |  |  | $ | 38,407 |
Liabilities: |  |  |  |  |  |  |  |
Unpaid losses and loss adjustment expenses |  | $ | 4,276 |  |  | $ | 6,453 |
Unearned premiums |  |  | 3,269 |  |  |  | 2,959 |
Notes payable (1) |  |  | 3,000 |  |  |  | 3,000 |
Pooling payable (1) |  |  | 5,932 |  |  |  | 8,337 |
Reinsurance losses payable (2) |  |  | 13,275 |  |  |  | 13,125 |
Accrued expenses and other liabilities |  |  | 477 |  |  |  | 2,303 |
Total liabilities |  |  | 30,229 |  |  |  | 36,177 |
Equity: |  |  |  |  |  |  |  |
Non-controlling interest |  |  | 2,758 |  |  |  | 2,230 |
Total equity |  |  | 2,758 |  |  |  | 2,230 |
Total liabilities and equity |  | $ | 32,987 |  |  | $ | 38,407 |
(1) | Amount fully eliminated in consolidation.
(2) | Amount partly eliminated in consolidation.
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Revenues: |  |  |  |  |  |  |  |  |
Net premiums earned |  | $ | 7,023 |  |  | $ | 6,566 |  |  | $ | 5,992 |
Fee and other income (expense) |  |  | 37 |  |  |  | (30 | ) |  |  | (11 | )
Net investment income |  |  | 320 |  |  |  | 113 |  |  |  | 49 |
Net investment gains (losses) |  |  | 1 |  |  |  | (20 | ) |  |  | 2 |
Total revenues |  |  | 7,381 |  |  |  | 6,629 |  |  |  | 6,032 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Losses and loss adjustment expenses |  |  | 4,888 |  |  |  | 5,889 |  |  |  | 4,328 |
Amortization of deferred policy acquisition costs |  |  | 1,660 |  |  |  | 1,336 |  |  |  | 1,291 |
Other underwriting and general expenses |  |  | 588 |  |  |  | 564 |  |  |  | 470 |
Total expenses |  |  | 7,136 |  |  |  | 7,789 |  |  |  | 6,089 |
Income (loss) before income taxes |  |  | 245 |  |  |  | (1,160 | ) |  |  | (57 | )
Income tax expense (benefit) |  |  | (5 | ) |  |  | (481 | ) |  |  | 27 |
Net income (loss) |  | $ | 250 |  |  | $ | (679 | ) |  | $ | (84 | )

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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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