Commission and Fee Income

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Commission and Fee Income

Commission and Fee Income

Skyward Underwriters Agency, Inc. (“SUA”), a subsidiary of the Company, is a managing general insurance agent and reinsurance broker for property and casualty and accident and health risks in specialty niche markets. Commission and fee income is primarily generated from SUA for the placement of insurance policies on either a third-party insurance or reinsurance company.

The following table sets forth the Company’s disaggregated revenues from contracts with customers for the three months ended March 31, 2023 and 2022:

($ in thousands)	2023		2022
SUA commission revenue	$	857	$	624
SUA fee income	456		(159)
Other	179		(235)
Total commission and fee income	$	1,492	$	230

The Company’s contract assets from commission and fee income as of March 31, 2023 and December 31, 2022 were $1.3 million and $1.3 million, respectively. Contract assets were $0.8 million and $1.2 million as of March 31, 2022 and December 31, 2021, respectively.