CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 8,338	$ 12,893
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $211,586 and $219,233)	213,696	232,472
Equity securities, at fair value (cost: $7,168 and $7,168)	14,467	22,922
Other invested assets (cost: $9,908 and $9,908)	9,775	9,960
Policy loans	2,011	2,007
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	241,225	268,637
Receivables:
Reinsurance	33,102	32,135
Insurance premiums and other (net of allowance for doubtful accounts: $192 and $183)	10,752	13,134
Deferred income taxes, net	4,920	314
Deferred acquisition costs	38,305	38,861
Other assets	8,675	9,108
Intangibles	2,544	2,544
Total assets	347,861	377,626
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	92,037	92,490
Unearned premiums	19,276	26,035
Losses and claims	80,195	81,448
Other policy liabilities	1,338	1,933
Total insurance reserves and policyholder funds	192,846	201,906
Accounts payable and accrued expenses	19,759	23,588
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	246,343	259,232
Commitments and contingencies (Note 10)
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: 20,438,366 and 20,472,162	22,401	22,401
Additional paid-in capital	57,777	57,820
Retained earnings	27,834	36,020
Accumulated other comprehensive income	1,667	10,459
Unearned stock grant compensation	(584)	(781)
Treasury stock, at cost: 1,962,528 and 1,928,732 shares	(7,632)	(7,580)
Total shareholders' equity	101,518	118,394
Total liabilities and shareholders' equity	$ 347,861	$ 377,626