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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 8,614 $ 12,630
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost: $218,519 and $219,924) 217,149 210,386
Equity securities, at fair value (cost: $9,060 and $10,515) 25,792 20,758
Other invested assets (cost: $7,005 and $6,905) 7,493 7,424
Policy loans 2,035 2,085
Real estate 38 38
Investment in unconsolidated trusts 1,238 1,238
Total investments 253,745 241,929
Receivables:    
Reinsurance 28,452 26,110
Insurance premiums and other (net of allowance for doubtful accounts: $204 and $207) 12,137 15,223
Deferred income taxes, net 1,346 4,184
Deferred acquisition costs 37,359 37,094
Other assets 10,047 4,560
Intangibles 2,544 2,544
Total assets 354,244 344,274
LIABILITIES AND SHAREHOLDERS' EQUITY    
Future policy benefits 90,858 90,257
Unearned premiums 17,259 24,206
Losses and claims 74,713 72,612
Other policy liabilities 1,451 1,973
Total insurance reserves and policyholder funds 184,281 189,048
Other liabilities 24,738 20,116
Junior subordinated debenture obligations, net 33,738 33,738
Total liabilities 242,757 242,902
Commitments and contingencies (Note 9)
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: 20,150,044 and 20,170,360 22,401 22,401
Additional paid-in capital 57,417 57,414
Retained earnings 40,868 37,208
Accumulated other comprehensive loss (1,082) (7,535)
Unearned stock grant compensation (128) (186)
Treasury stock, at cost: 2,250,850 and 2,230,534 shares (8,044) (7,985)
Total shareholders' equity 111,487 101,372
Total liabilities and shareholders' equity $ 354,244 $ 344,274