Segment Information

9 Months Ended

Sep. 30, 2024

Segment Information [Abstract]

Segment Information

Note 13. 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 2024 and 2023.

Assets	September 30, 2024		December 31, 2023
American Southern	$	148,024	$	149,236
Bankers Fidelity		207,259		203,079
Corporate and Other		31,706		28,950
Total assets	$	386,989	$	381,265

	Three Months Ended September 30,					Nine Months Ended September 30,
Revenues	2024		2023			2024		2023
American Southern	$	17,282	$	17,652		$	54,666	$	54,817
Bankers Fidelity		27,125		27,249			84,499		85,632
Corporate and Other		112		(310	)		19		(401	)
Total revenue	$	44,519	$	44,591		$	139,184	$	140,048

	Three Months Ended September 30,						Nine Months Ended September 30,
Income (Loss) Before Income Taxes	2024			2023			2024			2023
American Southern	$	(528	)	$	1,437		$	1,730		$	3,823
Bankers Fidelity		367			3,502			275			6,705
Corporate and Other		(2,293	)		(2,801	)		(7,814	)		(7,991	)
Income (loss) before income taxes	$	(2,454	)	$	2,138		$	(5,809	)	$	2,537