Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities:
Net income (loss)	$ 246	$ (1,115)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Accretion of discount on Series B Preferred Shares	92	88
Net deferred income taxes	124	(54)
Stock compensation expense	7	10
Depreciation expense	18	15
Changes in operating assets and liabilities:
Premiums receivable, net	759	351
Reinsurance recoverable on paid losses and loss reserves	(1,509)	(3,208)
Amounts held on deposit with reinsured companies	500	725
Ceded unearned premiums	(530)	(224)
Deferred policy acquisition costs, net	(37)	353
Loss and loss adjustment expense reserves	842	3,833
Premiums collected in advance	788	895
Unearned premium reserves	(683)	(1,524)
Ceded reinsurance premiums payable	(259)	(82)
Current income taxes recoverable	523	(701)
Other, net	188	(135)
Net cash provided (used) by operating activities	1,069	(773)
Investing activities:
Purchases of furniture and equipment	(12)	(44)
Purchases of fixed income securities	(6,079)	(1,176)
Purchase of equity investments		(1,000)
Purchase of other investment	(300)	(50)
Net (purchases) sales of short-term investments	(342)	86
Net cash used in investing activities	(6,733)	(2,184)
Financing activities:
Payment of dividends on preferred shares	(240)	(240)
Purchases of treasury stock		(186)
Net cash used by financing activities	(240)	(426)
Net decrease in cash and cash equivalents	(5,904)	(3,383)
Cash and cash equivalents at beginning of period	43,045	47,957
Cash and cash equivalents at end of period	$ 37,141	44,574
Cash paid during the period for:
Income taxes		$ 260