CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 24,753	$ 19,319
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $238,597 and $222,461)	260,986	254,106
Equity securities, at fair value (cost: $4,907 and $6,393)	19,124	18,716
Other invested assets (cost: $698 and $3,765)	198	3,238
Policy loans	1,858	1,975
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	283,442	279,311
Receivables:
Reinsurance	27,416	29,086
Insurance premiums and other, net of allowance for doubtful accounts of $188 and $198 as of 2021 and 2020, respectively	14,959	27,512
Deferred income taxes, net	1,755	0
Deferred acquisition costs	38,698	39,611
Other assets	8,719	7,804
Intangibles	2,544	2,544
Total assets	402,286	405,187
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	87,348	90,872
Unearned premiums	27,469	27,131
Losses and claims	85,620	79,147
Other policy liabilities	1,360	1,526
Total insurance reserves and policyholder funds	201,797	198,676
Accounts payable and accrued expenses	25,465	26,412
Deferred income taxes, net	0	1,301
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	261,000	260,127
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; 20,378,576 and 20,415,243 shares outstanding as of 2021 and 2020, respectively	22,401	22,401
Additional paid-in capital	57,441	57,437
Retained earnings	51,264	47,790
Accumulated other comprehensive income	17,688	25,000
Unearned stock grant compensation	(73)	(284)
Treasury stock, at cost, 2,022,318 and 1,985,651 shares as of 2021 and 2020, respectively	(7,490)	(7,339)
Total shareholders' equity	141,286	145,060
Total liabilities and shareholders' equity	$ 402,286	$ 405,187