CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 8,940	$ 12,893
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $222,969 and $219,233)	247,997	232,472
Equity securities, at fair value (cost: $6,400 and $7,168)	14,323	22,922
Other invested assets (cost: $9,908 and $9,908)	9,097	9,960
Policy loans	1,964	2,007
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	274,657	268,637
Receivables:
Reinsurance	29,961	32,135
Insurance premiums and other (net of allowance for doubtful accounts: $198 and $183)	20,039	13,134
Deferred income taxes, net	679	314
Deferred acquisition costs	39,769	38,861
Other assets	8,363	9,108
Intangibles	2,544	2,544
Total assets	384,952	377,626
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	91,694	92,490
Unearned premiums	30,198	26,035
Losses and claims	78,157	81,448
Other policy liabilities	1,015	1,933
Total insurance reserves and policyholder funds	201,064	201,906
Accounts payable and accrued expenses	22,135	23,588
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	256,937	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: 20,414,279 and 20,472,162	22,401	22,401
Additional paid-in capital	57,436	57,820
Retained earnings	36,042	36,020
Accumulated other comprehensive income	19,772	10,459
Unearned stock grant compensation	(350)	(781)
Treasury stock, at cost: 1,986,615 and 1,928,732 shares	(7,341)	(7,580)
Total shareholders' equity	128,015	118,394
Total liabilities and shareholders' equity	$ 384,952	$ 377,626