XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Information [Abstract] |
Segment Information |
Note 16. | Segment Information
The Parent’s primary insurance subsidiaries operate with relative autonomy and each company is evaluated based on its individual performance. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each segment derives revenue from the collection of premiums, as well as from investment income. Substantially all revenue other than that in the corporate and other segment is from external sources.
|  | For the Year Ended December 31, 2022 |
|  | American Southern |  |  | Bankers Fidelity |  |  | Corporate & Other |  |  | Adjustments & Eliminations |  |  | Consolidated |
Insurance premiums, net |  | $ | 70,276 |  |  | $ | 115,164 |  |  | $ | — |  |  | $ | — |  |  | $ | 185,440 |
Insurance benefits and losses incurred |  |  | 47,175 |  |  |  | 76,281 |  |  |  | — |  |  |  | — |  |  |  | 123,456 |
Expenses deferred |  |  | (10,161 | ) |  |  | (12,867 | ) |  |  | — |  |  |  | — |  |  |  | (23,028 | )
Amortization and depreciation expense |  |  | 10,240 |  |  |  | 9,452 |  |  |  | 498 |  |  |  | — |  |  |  | 20,190 |
Other expenses |  |  | 20,082 |  |  |  | 37,337 |  |  |  | 17,432 |  |  |  | (9,714 | ) |  |  | 65,137 |
Total expenses |  |  | 67,336 |  |  |  | 110,203 |  |  |  | 17,930 |  |  |  | (9,714 | ) |  |  | 185,755 |
Underwriting income |  |  | 2,940 |  |  |  | 4,961 |  |  |  | — |  |  |  | — |  |  |  | 7,901 |
Net investment income (loss) |  |  | 4,147 |  |  |  | 5,414 |  |  |  | 2,461 |  |  |  | (2,090 | ) |  |  | 9,932 |
Other income (loss) |  |  | 3 |  |  |  | 8 |  |  |  | 7,624 |  |  |  | (7,624 | ) |  |  | 11 |
Subtotal |  |  | 7,090 |  |  |  | 10,383 |  |  |  | (7,845 | ) |  |  | — |  |  |  | 9,628 |
Net realized gains (losses) |  |  | (28 | ) |  |  | 58 |  |  |  | — |  |  |  | — |  |  |  | 30 |
Unrealized losses on equity securities |  |  | (449 | ) |  |  | (6,629 | ) |  |  | (484 | ) |  |  | — |  |  |  | (7,562 | )
Income (loss) before income taxes |  | $ | 6,613 |  |  | $ | 3,812 |  |  | $ | (8,329 | ) |  | $ | — |  |  | $ | 2,096 |
Total revenues |  | $ | 73,949 |  |  | $ | 114,015 |  |  | $ | 9,601 |  |  | $ | (9,714 | ) |  | $ | 187,851 |
Intangibles |  | $ | 1,350 |  |  | $ | 1,194 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,544 |
Total assets |  | $ | 144,455 |  |  | $ | 195,028 |  |  | $ | 140,661 |  |  | $ | (113,080 | ) |  | $ | 367,064 |
|  | For the Year Ended December 31, 2021 |
|  | American Southern |  |  | Bankers Fidelity |  |  | Corporate & Other |  |  | Adjustments & Eliminations |  |  | Consolidated |
Insurance premiums, net |  | $ | 67,982 |  |  | $ | 116,234 |  |  | $ | — |  |  | $ | — |  |  | $ | 184,216 |
Insurance benefits and losses incurred |  |  | 44,433 |  |  |  | 87,261 |  |  |  | — |  |  |  | — |  |  |  | 131,694 |
Expenses deferred |  |  | (10,690 | ) |  |  | (12,461 | ) |  |  | — |  |  |  | — |  |  |  | (23,151 | )
Amortization and depreciation expense |  |  | 10,756 |  |  |  | 13,692 |  |  |  | 537 |  |  |  | — |  |  |  | 24,985 |
Other expenses |  |  | 20,077 |  |  |  | 33,484 |  |  |  | 16,255 |  |  |  | (9,092 | ) |  |  | 60,724 |
Total expenses |  |  | 64,576 |  |  |  | 121,976 |  |  |  | 16,792 |  |  |  | (9,092 | ) |  |  | 194,252 |
Underwriting income (loss) |  |  | 3,406 |  |  |  | (5,742 | ) |  |  | — |  |  |  | — |  |  |  | (2,336 | )
Net investment income (loss) |  |  | 3,570 |  |  |  | 5,204 |  |  |  | 1,466 |  |  |  | (1,712 | ) |  |  | 8,528 |
Other income (loss) |  |  | 4 |  |  |  | 9 |  |  |  | 7,380 |  |  |  | (7,380 | ) |  |  | 13 |
Subtotal |  |  | 6,980 |  |  |  | (529 | ) |  |  | (7,946 | ) |  |  | — |  |  |  | (1,495 | )
Net realized gains |  |  | 2,198 |  |  |  | 2,705 |  |  |  | — |  |  |  | — |  |  |  | 4,903 |
Unrealized gains on equity securities |  |  | 114 |  |  |  | 1,550 |  |  |  | 230 |  |  |  | — |  |  |  | 1,894 |
Income (loss) before income taxes |  | $ | 9,292 |  |  | $ | 3,726 |  |  | $ | (7,716 | ) |  | $ | — |  |  | $ | 5,302 |
Total revenues |  | $ | 73,868 |  |  | $ | 125,702 |  |  | $ | 9,076 |  |  | $ | (9,092 | ) |  | $ | 199,554 |
Intangibles |  | $ | 1,350 |  |  | $ | 1,194 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,544 |
Total assets |  | $ | 161,788 |  |  | $ | 227,395 |  |  | $ | 177,638 |  |  | $ | (164,535 | ) |  | $ | 402,286 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration