Royalties, Dividends, and Affiliations (Tables)

12 Months Ended

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	)