CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 15,612	$ 24,753
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $239,452 and $238,597)	240,038	260,986
Equity securities, at fair value (cost: $4,906 and $4,907)	21,316	19,124
Other invested assets (cost: $918 and $698)	420	198
Policy loans	1,814	1,858
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	264,864	283,442
Receivables:
Reinsurance	27,036	27,416
Insurance premiums and other (net of allowance for doubtful accounts: $185 and $188)	11,550	14,959
Deferred income taxes, net	5,447	1,755
Deferred acquisition costs	39,875	38,698
Other assets	8,103	8,719
Intangibles	2,544	2,544
Total assets	375,031	402,286
Insurance reserves and policyholder funds:
Future policy benefits	85,541	87,348
Unearned premiums	19,834	27,469
Losses and claims	85,235	85,620
Other policy liabilities	961	1,360
Total insurance reserves and policyholder funds	191,571	201,797
Accounts payable and accrued expenses	23,299	25,465
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	248,608	261,000
Commitments and contingencies (Note 11)
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: 20,403,576 and 20,378,576	22,401	22,401
Additional paid-in capital	57,443	57,441
Retained earnings	53,599	51,264
Accumulated other comprehensive income	463	17,688
Unearned stock grant compensation	(117)	(73)
Treasury stock, at cost, 1,997,318 and 2,022,318 shares	(7,421)	(7,490)
Total shareholders' equity	126,423	141,286
Total liabilities and shareholders' equity	$ 375,031	$ 402,286