CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 20,446	$ 19,319
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $229,024 and $222,461)	246,801	254,106
Equity securities, at fair value (cost: $4,833 and $6,393)	17,900	18,716
Other invested assets (cost: $3,765 and $3,765)	3,183	3,238
Policy loans	1,963	1,975
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	271,123	279,311
Receivables:
Reinsurance	29,511	29,086
Insurance premiums and other (net of allowance for doubtful accounts: $185 and $198)	9,850	27,512
Deferred income taxes, net	2,103	0
Deferred acquisition costs	38,098	39,611
Other assets	9,452	7,804
Intangibles	2,544	2,544
Total assets	383,127	405,187
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	89,017	90,872
Unearned premiums	20,505	27,131
Losses and claims	81,285	79,147
Other policy liabilities	1,176	1,526
Total insurance reserves and policyholder funds	191,983	198,676
Accounts payable and accrued expenses	24,171	26,412
Deferred income taxes, net	0	1,301
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	249,892	260,127
Commitments and contingencies (Note 10)
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: 20,415,782 and 20,415,243	22,401	22,401
Additional paid-in capital	57,438	57,437
Retained earnings	46,852	47,790
Accumulated other comprehensive income	14,044	25,000
Unearned stock grant compensation	(217)	(284)
Treasury stock, at cost: 1,985,112 and 1,985,651 shares	(7,338)	(7,339)
Total shareholders' equity	133,235	145,060
Total liabilities and shareholders' equity	$ 383,127	$ 405,187