v3.25.2
Commission and Fee Income
 12 Months Ended
Dec. 31, 2024
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 years ended December 31, 2024, 2023 and 2022:
($ in thousands)202420232022
SUA commission revenue$3,595 $2,864 $3,224 
SUA fee income2,928 2,732 1,597 
Other180 468 378 
Total commission and fee income$6,703 $6,064 $5,199 
The following table sets forth the Company’s opening and closing balances of contract assets from commission and fee income for the years ended December 31, 2024 2023 and 2022:
($ in thousands)Contract Assets
Balance at December 31, 2022$1,292 
Balance at December 31, 2023976 
Balance at December 31, 20241,416