CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 10,784	$ 15,622
Investments:
Fixed maturities (cost: $206,819 and $210,450)	206,461	205,324
Common and non-redeemable preferred stocks (cost: $11,453 and $10,953)	20,367	23,131
Other invested assets (cost: $5,719 and $6,454)	5,719	6,454
Policy loans	2,204	2,200
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	236,027	238,385
Receivables:
Reinsurance	9,035	11,759
Insurance premiums and other (net of allowance for doubtful accounts: $521 and $528)	8,416	11,988
Deferred income taxes, net	0	829
Deferred acquisition costs	27,669	27,866
Other assets	5,658	5,610
Intangibles	2,544	2,544
Total assets	300,133	314,603
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	72,468	72,136
Unearned premiums	17,533	25,348
Losses and claims	57,673	63,870
Other policy liabilities	1,464	1,991
Total insurance reserves and policyholder funds	149,138	163,345
Accounts payable and accrued expenses	13,258	15,028
Deferred income taxes, net	175	0
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	$ 196,309	$ 212,111
Commitments and contingencies (Note 7)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value	$ 55	$ 55
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894; shares outstanding: 20,391,363 and 20,426,536	22,401	22,401
Additional paid-in capital	56,633	56,623
Retained earnings	25,834	25,443
Accumulated other comprehensive income	5,561	4,584
Unearned stock grant compensation	(154)	(273)
Treasury stock, at cost: 2,009,531 and 1,974,358 shares	(6,506)	(6,341)
Total shareholders' equity	103,824	102,492
Total liabilities and shareholders' equity	$ 300,133	$ 314,603