CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 46,423	$ 35,570
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $233,156 and $236,299; no allowance for credit losses)	213,323	212,612
Equity securities, at fair value (cost: $4,943 and $4,939)	11,280	7,900
Other invested assets (cost: $7,946 and $7,946)	6,324	6,616
Policy loans	1,656	1,722
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	233,859	230,126
Receivables:
Reinsurance (net of allowance for expected credit losses of $43 and $51)	22,369	22,942
Insurance premiums and other (net of allowance for expected credit losses $194 and $201)	50,242	27,458
Deferred income taxes, net	16,449	18,118
Deferred acquisition costs	45,285	44,842
Other assets	12,168	11,828
Intangibles	2,544	2,544
Total assets	429,339	393,428
Insurance reserves and policyholder funds:
Future policy benefits	101,554	98,464
Unearned premiums	50,510	31,178
Losses and claims	101,759	93,707
Other policy liabilities	1,690	1,757
Total insurance reserves and policyholder funds	255,513	225,106
Accounts payable and accrued expenses	29,899	30,948
Revolving credit facility	4,021	4,023
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	323,171	293,815
Commitments and contingencies (Notes 3 and 12)
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: 20,397,228 and 20,399,758	22,401	22,401
Additional paid-in capital	57,425	57,425
Retained earnings	49,366	45,854
Accumulated other comprehensive loss	(15,667)	(18,712)
Unearned stock grant compensation	0	(2)
Treasury stock, at cost: 2,003,666 and 2,001,136 shares	(7,412)	(7,408)
Total shareholders’ equity	106,168	99,613
Total liabilities and shareholders’ equity	$ 429,339	$ 393,428