CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 13,548	$ 28,863
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $241,342 and $236,766; no allowance for credit losses)	218,038	208,729
Equity securities, at fair value (cost: $4,904 and $4,907)	9,181	11,562
Other invested assets (cost: $5,628 and $5,628)	5,372	5,386
Policy loans	1,792	1,759
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	235,659	228,712
Receivables:
Reinsurance (net of allowance for uncollectible reinsurance of $69 and $0)	24,916	25,913
Insurance premiums and other (net of allowance for expected credit losses $197 and net of allowance for doubtful accounts $177)	11,555	15,386
Deferred income taxes, net	13,721	14,163
Deferred acquisition costs	42,259	42,281
Other assets	9,393	9,202
Intangibles	2,544	2,544
Total assets	353,595	367,064
Insurance reserves and policyholder funds:
Future policy benefits	84,667	85,564
Unearned premiums	19,400	28,348
Losses and claims	86,250	87,484
Other policy liabilities	926	1,255
Total insurance reserves and policyholder funds	191,243	202,651
Accounts payable and accrued expenses	21,235	26,473
Revolving credit facility	3,000	2,009
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	249,216	264,871
Commitments and contingencies (Note 11)
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: 20,404,699 and 20,407,229	22,401	22,401
Additional paid-in capital	57,425	57,425
Retained earnings	50,362	51,982
Accumulated other comprehensive income	(18,410)	(22,149)
Unearned stock grant compensation	(59)	(132)
Treasury stock, at cost: 1,996,195 and 1,993,665 shares	(7,395)	(7,389)
Total shareholders' equity	104,379	102,193
Total liabilities and shareholders' equity	$ 353,595	$ 367,064