Note 6 - Segment Information

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

6. SEGMENT INFORMATION

AmerInst has two reportable segments: (1) corporate segment formerly reinsurance and corporate segment, through which the company provided reinsurance under the now commuted reinsurance agreements, conducted investment operations and conducts other corporate activities and (2) insurance activity, through which the Company offers professional liability solutions to professional service firms under the Agency Agreements, as defined in the “Overview” section below. The tables below summarize the results of our reportable segments as of and for the nine months ended September 30, 2023 and 2022.

	As of and for the Nine Months Ended September 30, 2023
	Corporate Segment			Insurance Segment			Total
Revenues	$	1,122		$	1,711,014		$	1,712,136
Total expenses		715,059			2,677,277			3,392,336
Segment loss		(713,937	)		(966,263	)		(1,680,200	)
Identifiable assets		—			414,843			414,843

	As of and for the Nine Months Ended September 30, 2022
	Corporate Segment			Insurance Segment			Total
Revenues	$	1,450		$	1,743,344		$	1,744,794
Total expenses		438,696			2,358,722			2,797,418
Segment loss		(437,246	)		(615,378	)		(1,052,624	)
Identifiable assets		—			700,980			700,980

The tables below summarize the results of our reportable segments as of and for the three months ended September 30, 2023 and 2022.

	As of and for the Three Months Ended September 30, 2023
	Reinsurance and Corporate			Insurance Segment			Total
Revenues	$	352		$	572,119		$	572,471
Total expenses		344,817			960,039			1,304,855
Segment loss		(344,465	)		(387,920	)		(732,385	)
Identifiable assets		—			414,843			414,843

	As of and for the Three Months Ended September 30, 2022
	Reinsurance and Corporate			Insurance Segment			Total
Revenues	$	1,400		$	489,998		$	491,398
Total expenses		116,547			816,560			933,107
Segment loss		(115,147	)		(326,562	)		(441,709	)
Identifiable assets		—			700,980			700,980