CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 28,863	$ 24,753
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $236,766 and $238,597)	208,729	260,986
Equity securities, at fair value (cost: $4,907 and $4,907)	11,562	19,124
Other invested assets (cost: $5,628 and $698)	5,386	198
Policy loans	1,759	1,858
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	228,712	283,442
Receivables:
Reinsurance	25,913	27,416
Insurance premiums and other, net of allowance for doubtful accounts of $177 and $188 as of 2022 and 2021, respectively	15,386	14,959
Deferred income taxes, net	14,163	1,755
Deferred acquisition costs	42,281	38,698
Other assets	9,202	8,719
Intangibles	2,544	2,544
Total assets	367,064	402,286
Insurance reserves and policyholder funds
Future policy benefits	85,564	87,348
Unearned premiums	28,348	27,469
Losses and claims	87,484	85,620
Other policy liabilities	1,255	1,360
Total insurance reserves and policyholder funds	202,651	201,797
Accounts payable and accrued expenses	26,473	25,465
Revolving credit facility	2,009	0
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	264,871	261,000
Commitments and contingencies (Note 17)
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; 20,407,229 and 20,378,576 shares outstanding as of 2022 and 2021, respectively	22,401	22,401
Additional paid-in capital	57,425	57,441
Retained earnings	51,982	51,264
Accumulated other comprehensive income (loss)	(22,149)	17,688
Unearned stock grant compensation	(132)	(73)
Treasury stock, at cost, 1,993,665 and 2,022,318 shares as of 2022 and 2021, respectively	(7,389)	(7,490)
Total shareholders' equity	102,193	141,286
Total liabilities and shareholders' equity	$ 367,064	$ 402,286