Royalties, Dividends, and Affiliations (Tables)

9 Months Ended

Sep. 30, 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 Statements of Operations:

	September 30, 2023		December 31, 2022
Assets:
Cash and cash equivalents	$	123	$	5,008
Investments		13,675		13,350
Premiums and agents’ balances receivable		5,887		5,422
Deferred policy acquisition costs		644		595
Reinsurance recoverables on losses (2)		15,601		12,597
Accrued investment income		71		59
Income tax recoverable		—		225
Deferred income taxes		884		780
Property and equipment		310		319
Other assets		82		52
Total assets	$	37,277	$	38,407
Liabilities:
Unpaid losses and loss adjustment expenses	$	4,842	$	6,453
Unearned premiums		3,295		2,959
Notes payable (1)		3,000		3,000
Pooling payable (1)		9,847		8,337
Reinsurance losses payable (2)		13,635		13,125
Accrued expenses and other liabilities		1,017		2,303
Total liabilities		35,636		36,177
Equity:
Non-controlling interest		1,641		2,230
Total equity		1,641		2,230
Total liabilities and equity	$	37,277	$	38,407

(1)        Amount fully eliminated in consolidation.
(2)        Amount partly eliminated in consolidation.    

	Three Months Ended September 30,					Nine Months Ended September 30,
	2023		2022			2023			2022
Revenues:
Net premiums earned	$	1,816	$	1,790		$	5,251		$	4,872
Fee and other income (expenses)		10		(1	)		27			(8	)
Net investment income (expense)		80		(8	)		227			32
Total revenues		1,906		1,781			5,505			4,896
Expenses:
Losses and loss adjustment expenses		1,271		1,579			3,998			4,553
Amortization of deferred policy acquisition costs		408		352			1,191			989
Other underwriting and general expenses		139		89			457			363
Total expenses		1,818		2,020			5,646			5,905
Income (loss) before income taxes		88		(239	)		(141	)		(1,009	)
Income tax expense (benefit)		21		(55	)		195			(229	)
Net income (loss)	$	67	$	(184	)	$	(336	)	$	(780	)