Segment Information

9 Months Ended

Sep. 30, 2023

Segment Information [Abstract]

Segment Information

Note 12. Segment Information

The Parent’s primary insurance subsidiaries, American Southern and Bankers Fidelity, operate in two principal business units, each focusing on specific products. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each business unit is managed independently and is evaluated on its individual performance. The following sets forth the assets, revenue and income (loss) before income taxes for each business unit as of and for the periods ended 2023 and 2022.

Assets	September 30, 2023		December 31, 2022
American Southern	$	142,359	$	144,455
Bankers Fidelity		188,875		195,028
Corporate and Other		30,386		27,581
Total assets	$	361,620	$	367,064

Revenues	Three Months Ended September 30,					Nine Months Ended September 30,
	2023			2022		2023			2022
American Southern	$	17,652		$	18,538	$	54,817		$	56,540
Bankers Fidelity		27,249			27,641		85,632			86,099
Corporate and Other		(310	)		164		(401	)		(19	)
Total revenue	$	44,591		$	46,343	$	140,048		$	142,620

Income (Loss) Before Income Taxes	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
American Southern	$	1,437		$	1,892		$	3,823		$	4,659
Bankers Fidelity		3,502			(850	)		6,705			2,084
Corporate and Other		(2,801	)		(1,991	)		(7,991	)		(6,011	)
Income (loss) before income taxes	$	2,138		$	(949	)	$	2,537		$	732