CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 19,319	$ 12,893
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $222,461 and $219,233)	254,106	232,472
Equity securities, at fair value (cost: $6,393 and $7,168)	18,716	22,922
Other invested assets (cost: $3,765 and $9,908)	3,238	9,960
Policy loans	1,975	2,007
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	279,311	268,637
Receivables:
Reinsurance	29,086	32,135
Insurance premiums and other, net of allowance for doubtful accounts of $198 and $183 as of 2020 and 2019, respectively	27,512	13,134
Deferred income taxes, net	0	314
Deferred acquisition costs	39,611	38,861
Other assets	7,804	9,108
Intangibles	2,544	2,544
Total assets	405,187	377,626
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	90,872	92,490
Unearned premiums	27,131	26,035
Losses and claims	79,147	81,448
Other policy liabilities	1,526	1,933
Total insurance reserves and policyholder funds	198,676	201,906
Accounts payable and accrued expenses	26,412	23,588
Deferred income taxes, net	1,301	0
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	260,127	259,232
Commitments and contingencies (Note 16)
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; 20,415,243 and 20,472,162 shares outstanding as of 2020 and 2019, respectively	22,401	22,401
Additional paid-in capital	57,437	57,820
Retained earnings	47,790	36,020
Accumulated other comprehensive income	25,000	10,459
Unearned stock grant compensation	(284)	(781)
Treasury stock, at cost, 1,985,651 and 1,928,732 shares as of 2020 and 2019, respectively	(7,339)	(7,580)
Total shareholders' equity	145,060	118,394
Total liabilities and shareholders' equity	$ 405,187	$ 377,626