Statutory Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Reported statutory net income and surplus for the Parent's insurance subsidiaries

The Company meets the minimum capital requirements in the states in which it does business. The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows:

	2019			2018
Bankers Fidelity, net loss	$	(9,509	)	$	(3,963	)
American Southern, net income		4,778			5,445
Statutory net income (loss)	$	(4,731	)	$	1,482

Bankers Fidelity, surplus	$	35,546		$	34,214
American Southern, surplus		45,827			43,467
Statutory surplus	$	81,373		$	77,681

- 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.

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