XML 50 R36.htm IDEA: XBRL DOCUMENT

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2021

Summarized 2021, 2020 and 2019 statutory basis information for the non-captive Insurance Company Subsidiaries, which differs from generally accepted accounting principles, is as follows (dollars in thousands).

	CIC			WPIC
2021
Statutory capital and surplus	$	50,194		$	23,603
RBC authorized control level		15,868			5,331
Statutory net income (loss)		(9,161	)		(614	)
RBC %		316	%		443	%

	CIC			WPIC
2020
Statutory capital and surplus	$	49,271		$	24,723
RBC authorized control level		14,221			4,547
Statutory net income (loss)		2,059			1,024
RBC %		346	%		544	%

	CIC			WPIC
2019
Statutory capital and surplus	$	46,206		$	23,261
RBC authorized control level		12,868			4,266
Statutory net income (loss)		(3,627	)		(3,652	)
RBC %		359	%		545	%

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details