CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 21,285	$ 28,325
Investments	229,785	184,628
Receivables:
Reinsurance	15,673	14,301
Investment sales pending settlement	3	15,438
Insurance premiums and other, net of allowance for doubtful accounts of $405 and $442 in 2011 and 2010, respectively	8,286	7,051
Deferred income taxes, net	0	3,228
Deferred acquisition costs	24,259	21,239
Other assets	706	1,228
Goodwill	2,128	2,128
Total assets	302,125	277,566
LIABILITIES AND SHAREHOLDERS' EQUITY
Insurance reserves and policyholder funds	147,194	137,902
Accounts payable and accrued expenses	14,100	15,733
Deferred income taxes, net	3,316	0
Debt payable	41,238	41,238
Total liabilities	205,848	194,873
Commitments and contingencies (Note 8)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value	70	70
Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 and 22,373,900 shares issued; 21,274,241 shares and 22,257,035 shares outstanding in 2011 and 2010, respectively	22,401	22,374
Additional paid-in capital	57,136	57,129
Retained earnings	6,179	3,886
Accumulated other comprehensive income (loss)	12,244	(604)
Treasury stock, at cost, 1,126,653 shares in 2011 and 116,865 shares in 2010	(1,753)	(162)
Total shareholders' equity	96,277	82,693
Total liabilities and shareholders' equity	$ 302,125	$ 277,566