Note 12 - Segment Information

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12.

SEGMENT INFORMATION

AmerInst has

two

reportable segments: (

1

) reinsurance activity, which also includes investments and other activities, and (

2

) insurance activity, which offers professional liability solutions to professional service firms under the Agency Agreement with C&F.

	As of and for the Year Ended December 31, 201 9
	Reinsurance Segment		Insurance Segment		Total
Revenues	$	15,853,490	$	5,849,201	$	21,702,691
Total losses and expenses		13,838,051		5,237,844		19,075,895
Tax expense		—		214,277		214,277
Segment income		2,015,439		397,080		2,412,519
Identifiable assets		—		1,105,513		1,105,513

	As of and for the Year Ended December 31, 2018
	Reinsurance Segment			Insurance Segment		Total
Revenues	$	8,258,126		$	5,507,405	$	13,765,531
Total losses and expenses		11,527,532			5,055,104		16,582,636
Tax benefit		—			2,701,396		2,701,396
Segment (loss) income		(3,269,406	)		3,153,697		(115,709	)
Identifiable assets		—			776,382		776,382