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Revenue Recognition and Deferred Revenue
 9 Months Ended
Sep. 30, 2023
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue from Contract with Customer
The following table presents the Insurance Distribution business operations revenues recognized in accordance with the Revenue from Contracts with Customers Topic of the ASC disaggregated by policy type for the affected periods:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Employer Stop Loss$3 $2 $9 $7 
Affinity Products6 5 16 14 
Specialty Commercial Auto4 — 10 — 
Other2 — 4 — 
Total$15 $7 $39 $22 
During the nine months ended September 30, 2023 and 2022, the amount of revenue recognized related to performance obligations satisfied in a previous period, inclusive of changes due to estimates was approximately $5 and $5, respectively.
Contract Assets and Liabilities
The balances of contract assets and contract liabilities with customers were as follows:
September 30, 2023December 31, 2022
Premiums and commissions receivable$11 $7 
Contract assets9 5 
Contract liabilities1 1 
Contract assets represent estimated future consideration related to base commissions and profit-sharing commissions that were recognized as revenue upon the placement of the policy. The Company does not have the right to bill or collect payment on i) base commissions until the related premiums from policyholders has been collected nor ii) profit-sharing commissions until after the contract year is completed. Changes in contract assets during the nine months ended September 30, 2023, is primarily due to the timing of new or renewal policies, growth in the business, the acquisition of Riverton, reclassifications to receivables (unconditional right) and collections.
Contract liabilities represent advance consideration received from customers related to employer stop loss base commissions that will be recognized over time as claims servicing is performed, which typically occurs between 17 and 21 months from contract inception. During the nine months ended September 30, 2023 and 2022, the Company recognized revenue that was included in the contract liability balance as of the beginning of the period of $1 and $1, respectively.