CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 34,444	$ 35,570
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $251,703 and $236,299; no allowance for credit losses)	235,469	212,612
Equity securities, at fair value (cost: $4,943 and $4,939)	10,432	7,900
Other invested assets (cost: $7,946 and $7,946)	6,225	6,616
Policy loans	1,668	1,722
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	255,070	230,126
Receivables:
Reinsurance (net of allowance for expected credit losses of $43 and $51)	22,694	22,942
Insurance premiums and other (net of allowance for expected credit losses of $209 and $201)	42,399	27,458
Deferred income taxes, net	16,089	18,118
Deferred acquisition costs	45,759	44,842
Other assets	11,856	11,828
Intangibles	2,544	2,544
Total assets	430,855	393,428
Insurance reserves and policyholder funds:
Future policy benefits	103,159	98,464
Unearned premiums	36,869	31,178
Losses and claims	107,713	93,707
Other policy liabilities	1,837	1,757
Total insurance reserves and policyholder funds	249,578	225,106
Accounts payable and accrued expenses	34,030	30,948
Revolving credit facility	4,021	4,023
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	321,367	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	49,843	45,854
Accumulated other comprehensive loss	(12,824)	(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	109,488	99,613
Total liabilities and shareholders’ equity	$ 430,855	$ 393,428