CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 12,630	$ 24,547
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $219,924 and $212,544)	210,386	215,108
Equity securities, at fair value (cost: $10,515 and $10,918)	20,758	23,355
Other invested assets (cost: $6,905 and $5,973)	7,424	5,626
Policy loans	2,085	2,146
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	241,929	247,511
Receivables:
Reinsurance	26,110	17,613
Insurance premiums and other, net of allowance for doubtful accounts of $207 and $209 in 2018 and 2017, respectively	15,223	13,241
Deferred income taxes, net	4,184	0
Deferred acquisition costs	37,094	32,694
Other assets	4,560	5,089
Intangibles	2,544	2,544
Total assets	344,274	343,239
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	90,257	82,435
Unearned premiums	24,206	23,449
Losses and claims	72,612	65,689
Other policy liabilities	1,973	2,010
Total insurance reserves and policyholder funds	189,048	173,583
Accounts payable and accrued expenses	20,116	22,342
Deferred income taxes, net	0	593
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	242,902	230,256
Commitments and contingencies (Note 9)
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; 22,400,894 shares issued; 20,170,360 and 20,449,531 shares outstanding in 2018 and 2017, respectively	22,401	22,401
Additional paid-in capital	57,414	57,495
Retained earnings	37,208	30,993
Accumulated other comprehensive income (loss)	(7,535)	9,751
Unearned stock grant compensation	(186)	(579)
Treasury stock, at cost, 2,230,534 and 1,951,363 shares in 2018 and 2017, respectively	(7,985)	(7,133)
Total shareholders' equity	101,372	112,983
Total liabilities and shareholders' equity	$ 344,274	$ 343,239