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Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Schedule of Amortized Cost and Estimated Fair Value of Fixed Income Securities

The amortized cost and estimated fair value of fixed income securities, presented on a consolidated basis as of March 31, 2025, and December 31, 2024, were as follows:

 

   March 31, 2025 
   Cost or
Amortized
Cost		   Allowance for
Expected
Credit Losses		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair Value 
Fixed income securities:                         
U.S. Government and agencies  $12,705   $
—
   $90   $(187)  $12,608 
Obligations of states and political subdivisions   51,038    
—
    80    (5,669)   45,449 
Corporate securities   129,759    
—
    446    (5,947)   124,258 
Residential mortgage-backed securities   75,477    
—
    344    (6,181)   69,640 
Commercial mortgage-backed securities   29,996    
—
    108    (2,750)   27,354 
Asset-backed securities   31,871    
—
    342    (384)   31,829 
Redeemable preferred stocks   3,736    
—
    
—
    (571)   3,165 
Total fixed income securities  $334,582   $
—
   $1,410   $(21,689)  $314,303 

 

   December 31, 2024 
   Cost or
Amortized
Cost		   Allowance for
Expected
Credit Losses		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair Value 
Fixed income securities:                         
U.S. Government and agencies  $12,601   $
—
   $8   $(335)  $12,274 
Obligations of states and political subdivisions   48,559    
—
    184    (4,920)   43,823 
Corporate securities   123,585    
—
    206    (7,517)   116,274 
Residential mortgage-backed securities   53,714    
—
    44    (4,981)   48,777 
Commercial mortgage-backed securities   30,062    
—
    65    (2,943)   27,184 
Asset-backed securities   59,046    
—
    386    (3,301)   56,131 
Redeemable preferred stocks   3,737    
—
    
—
    (488)   3,249 
Total fixed income securities  $331,304   $
—
   $893   $(24,485)  $307,712 
Schedule of Contractual Maturity

The amortized cost and estimated fair value of fixed income securities by contractual maturity, presented on a consolidated basis, are shown below. Actual maturities could differ from contractual maturities because issuers may have the right to call or prepay these securities.

 

   March 31, 2025 
   Amortized Cost   Fair Value 
Due to mature:          
One year or less  $10,970   $10,874 
After one year through five years   61,550    59,598 
After five years through ten years   79,529    75,655 
After ten years   41,453    36,188 
Mortgage / asset-backed securities   137,344    128,823 
Redeemable preferred stocks   3,736    3,165 
Total fixed income securities  $334,582   $314,303 

 

   December 31, 2024 
   Amortized Cost   Fair Value 
Due to mature:          
One year or less  $5,750   $5,696 
After one year through five years   57,986    55,882 
After five years through ten years   79,544    74,070 
After ten years   41,465    36,723 
Mortgage / asset-backed securities   142,822    132,092 
Redeemable preferred stocks   3,737    3,249 
Total fixed income securities  $331,304   $307,712 
Schedule of Gross Unrealized Losses on Fixed Income Securities

The investment category and duration of the Company’s gross unrealized losses on fixed income securities, presented on a consolidated basis, are shown below. Investments with unrealized losses are categorized with a duration of greater than 12 months when all positions of a security have continually been in a loss position for at least 12 months.

 

   March 31, 2025 
   Less than 12 Months   Greater than 12 months   Total 
   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		 
Fixed income securities:                              
U.S. Government and agencies  $1,321   $(22)  $4,237   $(165)  $5,558   $(187)
Obligations of states and political subdivisions   8,535    (411)   31,964    (5,258)   40,499    (5,669)
Corporate securities   18,191    (218)   77,089    (5,729)   95,280    (5,947)
Residential mortgage-backed securities   14,757    (188)   32,790    (5,993)   47,547    (6,181)
Commercial mortgage-backed securities   2,072    (12)   20,874    (2,738)   22,946    (2,750)
Asset-backed securities   3,644    (5)   7,676    (379)   11,320    (384)
Redeemable preferred stocks   
—
    
—
    3,165    (571)   3,165    (571)
Total fixed income securities  $48,520   $(856)  $177,795   $(20,833)  $226,315   $(21,689)

 

   December 31, 2024 
   Less than 12 Months   Greater than 12 months   Total 
   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		 
Fixed income securities:                              
U.S. Government and agencies  $5,443   $(109)  $4,177   $(226)  $9,620   $(335)
Obligations of states and political subdivisions   8,465    (143)   29,428    (4,777)   37,893    (4,920)
Corporate securities   25,790    (481)   76,364    (7,036)   102,154    (7,517)
Residential mortgage-backed securities   20,827    (451)   23,159    (4,530)   43,986    (4,981)
Commercial mortgage-backed securities   1,409    (50)   19,442    (2,893)   20,851    (2,943)
Asset-backed securities   10,926    (122)   20,579    (3,179)   31,505    (3,301)
Redeemable preferred stocks   
—
    
—
    3,249    (488)   3,249    (488)
Total fixed income securities  $72,860   $(1,356)  $176,398   $(23,129)  $249,258   $(24,485)
Schedule of Net Investment Income for Continuing and Discontinued Operations

Net investment income for continuing and discontinued operations consisted of the following:

 

   Three Months Ended March 31, 
   2025   2024 
Continuing operations:          
Fixed income securities  $3,128   $2,872 
Equity securities   208    241 
Real estate   66    97 
Cash and cash equivalents   369    437 
Total gross investment income   3,771    3,647 
Investment expenses   933    892 
Net investment income – continuing operations   2,838    2,755 
Net investment income – discontinued operations   
—
    798 
Net investment income  $2,838   $3,553 
Schedule of Net Investment Gains (Losses) for Continuing and Discontinued Operations

Net investment gains for continuing and discontinued operations consisted of the following:

 

   Three Months Ended March 31, 
   2025   2024 
Continuing operations:          
Gross realized gains:          
Fixed income securities  $
—
   $9 
Equity securities   503    190 
Total gross realized gains   503    199 
           
Gross realized losses, excluding credit impairment losses:          
Fixed income securities   
—
    (15)
Equity securities   (177)   (275)
Total gross realized losses, excluding credit impairment losses   (177)   (290)
           
Net realized gains (losses)   326    (91)
           
Change in net unrealized gains on equity securities   543    1,547 
Net investment gains – continuing operations   869    1,456 
Net investment gains – discontinued operations   
—
    372 
Net investment gains  $869   $1,828