Note 6 - Investments (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

(in thousands)	June 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities:
U.S. government, government agencies and authorities	$	15,839	$	16	$	554	$	15,301
States, municipalities and political subdivisions		2,182		1		101		2,082
Mortgage-backed		8,268		7		451		7,824
Asset-backed		1,742		—		48		1,694
Corporate		10,900		3		791		10,112
Total fixed maturities	$	38,931	$	27	$	1,945	$	37,013

(in thousands)	December 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities:
U.S. government, government agencies and authorities	$	16,276	$	31	$	84	$	16,223
States, municipalities and political subdivisions		1,880		3		5		1,878
Mortgage-backed		7,679		18		68		7,629
Asset-backed		449		—		4		445
Corporate		9,605		15		129		9,491
Total fixed maturities	$	35,889	$	67	$	290	$	35,666

Investments Classified by Contractual Maturity Date [Table Text Block]

(in thousands)	June 30, 2022
	Amortized Cost		Estimated Fair Value
Due in one year or less	$	7,998	$	7,917
Due after one year through five years		23,147		21,954
Due after five years through ten years		3,570		3,244
Due after ten years		4,216		3,898
Total	$	38,931	$	37,013

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

(in thousands)	June 30, 2022
	Less than 12 Months				Greater than 12 Months				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Fixed maturities:
U.S. government, government agencies and authorities	$	7,129	$	242	$	6,297	$	312	$	13,426	$	554
States, municipalities and political subdivisions		1,163		73		822		28		1,985		101
Mortgage-backed		4,914		289		2,369		162		7,283		451
Asset-backed		1,476		41		123		7		1,599		48
Corporate		8,577		734		1,189		57		9,766		791
Total fixed maturities	$	23,259	$	1,379	$	10,800	$	566	$	34,059	$	1,945

(in thousands)	December 31, 2021
	Less than 12 Months				Greater than 12 Months				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Fixed maturities:
U.S. government, government agencies and authorities	$	12,077	$	84	$	—	$	—	$	12,077	$	84
States, municipalities and political subdivisions		846		5		—		—		846		5
Mortgage-backed		5,388		68		—		—		5,388		68
Asset-backed		445		4		—		—		445		4
Corporate		7,542		129		—		—		7,542		129
Total fixed maturities	$	26,298	$	290	$	—	$	—	$	26,298	$	290

Investment Income [Table Text Block]

(in thousands)	Three months ended June 30,						Six months ended June 30,
	2022			2021			2022			2021
Investment income:
Interest from fixed maturities	$	117		$	47		$	210		$	98
Dividends		33			31			64			63
Income from limited liability investments		52			54			287			45
Income from limited liability investments, at fair value		4			—			4			81
Income from real estate investments		200			200			400			400
Other		87			90			170			180
Gross investment income		493			422			1,135			867
Investment expenses		(28	)		(19	)		(51	)		(43	)
Net investment income	$	465		$	403		$	1,084		$	824

Realized Gain (Loss) on Investments [Table Text Block]

(in thousands)	Three months ended June 30,						Six months ended June 30,
	2022			2021			2022			2021
Gross realized gains	$	200		$	261		$	259		$	312
Gross realized losses		(16	)		(74	)		(21	)		(74	)
Net realized gains	$	184		$	187		$	238		$	238

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]

(in thousands)	Three months ended June 30,						Six months ended June 30,
	2022			2021			2022			2021
Net gains recognized on equity investments sold during the period	$	—		$	—		$	—		$	13
Change in unrealized losses on equity investments held at end of the period		(38	)		(45	)		(48	)		(209	)
Loss on change in fair value of equity investments	$	(38	)	$	(45	)	$	(48	)	$	(196	)