CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 35,570	$ 28,301
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $236,299 and $238,626; no allowance for credit losses)	212,612	218,219
Equity securities, at fair value (cost: $4,939 and $4,936)	7,900	9,413
Other invested assets (cost: $7,946 and $6,982)	6,616	6,381
Policy loans	1,722	1,778
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	230,126	237,067
Receivables:
Reinsurance (net of allowance for uncollectible reinsurance of $51 and $61)	22,942	21,103
Insurance premiums and other (net of allowance for expected credit losses $201 and $217)	27,458	23,690
Deferred income taxes, net	18,118	15,682
Deferred acquisition costs	44,842	43,850
Other assets	11,828	9,028
Intangibles	2,544	2,544
Total assets	393,428	381,265
Insurance reserves and policyholder funds
Future policy benefits	98,464	92,495
Unearned premiums	31,178	31,317
Losses and claims	93,707	87,478
Other policy liabilities	1,757	1,132
Total insurance reserves and policyholder funds	225,106	212,422
Accounts payable and accrued expenses	30,948	24,811
Revolving credit facility	4,023	3,019
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	293,815	273,990
Commitments and contingencies (Note 18)
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; 20,399,758 and 20,402,288 shares outstanding as of 2024 and 2023, respectively	22,401	22,401
Additional paid-in capital	57,425	57,425
Retained earnings	45,854	50,929
Accumulated other comprehensive loss	(18,712)	(16,121)
Unearned stock grant compensation	(2)	(13)
Treasury stock, at cost, 2,001,136 and 1,998,606 shares as of 2024 and 2023, respectively	(7,408)	(7,401)
Total shareholders' equity	99,613	107,275
Total liabilities and shareholders' equity	$ 393,428	$ 381,265