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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income (loss) $ (10,681) $ (1,094) $ 595
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Gain upon consolidation of VSRM and sale of agency business [1] (10,052)    
Gain on sale of agency business   (8,910)  
Depreciation and amortization 417 423 437
Amortization of bond premium and discount, net 320 523 655
Net realized investment (gains) losses 1,505 (2,878) (8,126)
Change in fair value of equity securities (403) 2,020 (228)
Loss on sale of fixed assets 33    
Deferred income tax expense (9,396) (0) 0
Stock-based compensation expenses 211 218 706
Equity earnings in Affiliate, net of tax (368) (824) (839)
PPP Loan forgiveness   (2,745) 0
Other 60 17 (262)
(Increase) decrease in:      
Premiums, agents' balances and other receivables (594) (811) 311
Reinsurance recoverables (47,613) (15,335) 1,378
Prepaid reinsurance premiums (8,098) (6,985) (66)
Deferred policy acquisition costs 1,977 (24) (337)
Other assets (138) 949 908
Increase (decrease) in:      
Unpaid losses and loss adjustment expenses 26,454 27,815 4,024
Unearned premiums 2,618 9,045 4,721
Reinsurance premiums payable 11,926 5,318  
Accounts payable and other liabilities 1,348 (1,367) (895)
Net cash provided by operating activities (40,474) 5,355 2,982
Cash Flows From Investing Activities      
Purchases of investments (318,227) (226,794) (391,588)
Proceeds from maturities and redemptions of investments 20,324 25,834 23,403
Proceeds from sales of investments 324,091 198,408 360,926
Proceeds from sale of agency business, net of $271 of cash disposed of [1] 32,759 4,000  
Purchase of VSRM, net of $3,920 cash acquired [1] (1,947)    
Deconsolidation of SSU [1] (497)    
Dividends from Affiliate   1,000  
Other purchases   (1,071) (78)
Net cash provided by (used in) investing activities 56,503 1,377 (7,337)
Cash Flows From Financing Activities      
Proceeds received from issuance of shares of common stock 5,000    
Repurchase of common stock 10 (12) (36)
Borrowings under lines of credit 19,500 3,000 5,745
Repayment of lines of credit (19,500) (8,000) (625)
Paydown of long-term debt (2,917)    
Net cash provided by (used in) financing activities 2,093 (5,012) 5,084
Net increase (decrease) in cash 18,122 1,720 729
Cash at beginning of period 9,913 8,193 7,464
Cash at end of period 28,035 9,913 8,193
Supplemental Disclosure of Cash Flow Information:      
Interest paid 2,979 2,883 2,586
Income taxes paid (refunded), net $ (11) 163 $ (82)
Increase in note receivable from sale of agency business   $ 6,000  
[1] See Note 2 ~ VSRM Transaction