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Reinsurance
 12 Months Ended
Dec. 31, 2022
Reinsurance [Abstract]  
Reinsurance
Note 7.
Reinsurance


In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99.7% of the Company’s reinsurance recoverables were due from a single reinsurer as of December 31, 2022. Reinsurance recoverables of $25,824 were due from General Re Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance recoverables, if appropriate.



The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

   
For the Year Ended December 31, 2022
  
   
American
Southern
    
Bankers
Fidelity
    
Total
  
Direct premiums written
  
$
52,404
    
$
176,119
    
$
228,523
  
Assumed premiums written
    
26,814
      
9
      
26,823
  
Ceded premiums written
    
(6,547
)
    
(61,701
)
    
(68,248
)
Net premiums written
  
$
72,671
    
$
114,427
    
$
187,098
  
                         
Direct premiums earned
  
$
51,844
    
$
176,995
    
$
228,839
  
Assumed premiums earned
    
24,978
      
8
      
24,986
  
Ceded premiums earned
    
(6,546
)
    
(61,839
)
    
(68,385
)
Net premiums earned
  
$
70,276
    
$
115,164
    
$
185,440
  
                         
Provision for benefits and losses incurred
  
$
49,568
    
$
124,478
    
$
174,046
  
Reinsurance loss recoveries
    
(2,393
)
    
(48,197
)
    
(50,590
)
Insurance benefits and losses incurred
  
$
47,175
    
$
76,281
    
$
123,456
  

   
For the Year Ended December 31, 2021
  
   
American
Southern
    
Bankers
Fidelity
    
Total
  
Direct premiums written
  
$
53,815
    
$
182,867
    
$
236,682
  
Assumed premiums written
    
22,099
      
12
      
22,111
  
Ceded premiums written
    
(6,511
)
    
(67,010
)
    
(73,521
)
Net premiums written
  
$
69,403
    
$
115,869
    
$
185,272
  
                         
Direct premiums earned
  
$
52,424
    
$
183,382
    
$
235,806
  
Assumed premiums earned
    
22,069
      
7
      
22,076
  
Ceded premiums earned
    
(6,511
)
    
(67,155
)
    
(73,666
)
Net premiums earned
  
$
67,982
    
$
116,234
    
$
184,216
  
                         
Provision for benefits and losses incurred
  
$
46,500
    
$
144,091
    
$
190,591
  
Reinsurance loss recoveries
    
(2,067
)
    
(56,830
)
    
(58,897
)
Insurance benefits and losses incurred
  
$
44,433
    
$
87,261
    
$
131,694
  



Components of reinsurance receivables at December 31, 2022 and 2021 were as follows:

   
December 31, 2022
  
   
American
Southern
    
Bankers
Fidelity
    
Total
  
Recoverable on unpaid losses
  
$
8,265
    
$
9,382
    
$
17,647
  
Recoverable on unpaid benefits
    
—
      
6,788
      
6,788
  
Recoverable on paid losses
    
—
      
618
      
618
  
Ceded unearned premiums
    
—
      
681
      
681
  
Ceded advanced premiums
    
—
      
179
      
179
  
Total reinsurance receivables
  
$
8,265
    
$
17,648
    
$
25,913
  

   
December 31, 2021
  
   
American
Southern
    
Bankers
Fidelity
    
Total
  
Recoverable on unpaid losses
  
$
6,937
    
$
10,753
    
$
17,690
  
Recoverable on unpaid benefits
    
—
      
8,169
      
8,169
  
Recoverable on paid losses
    
—
      
499
      
499
  
Ceded unearned premiums
    
—
      
819
      
819
  
Ceded advanced premiums
    
—
      
239
      
239
  
Total reinsurance receivables
  
$
6,937
    
$
20,479
    
$
27,416