CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 24,247	$ 28,863
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $235,013 and $236,766; no allowance for credit losses)	208,472	208,729
Equity securities, at fair value (cost: $4,905 and $4,907)	9,679	11,562
Other invested assets (cost: $6,982 and $5,628)	6,724	5,386
Policy loans	1,811	1,759
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	227,962	228,712
Receivables:
Reinsurance (net of allowance for uncollectible reinsurance of $66 and $0)	22,261	25,913
Insurance premiums and other (net of allowance for expected credit losses $213 and net of allowance for doubtful accounts $177)	30,825	15,386
Deferred income taxes, net	15,149	14,163
Deferred acquisition costs	41,211	42,281
Other assets	8,756	9,202
Intangibles	2,544	2,544
Total assets	372,955	367,064
Insurance reserves and policyholder funds:
Future policy benefits	84,506	85,564
Unearned premiums	37,875	28,348
Losses and claims	85,984	87,484
Other policy liabilities	939	1,255
Total insurance reserves and policyholder funds	209,304	202,651
Accounts payable and accrued expenses	23,427	26,473
Revolving credit facility	3,000	2,009
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	269,469	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: 20,402,288 and 20,407,229	22,401	22,401
Additional paid-in capital	57,425	57,425
Retained earnings	52,006	51,982
Accumulated other comprehensive income	(20,967)	(22,149)
Unearned stock grant compensation	(33)	(132)
Treasury stock, at cost: 1,998,606 and 1,993,665 shares	(7,401)	(7,389)
Total shareholders' equity	103,486	102,193
Total liabilities and shareholders' equity	$ 372,955	$ 367,064