CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 28,301	$ 28,863
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $238,626 and $236,766; no allowance for credit losses)	218,219	208,729
Equity securities, at fair value (cost: $4,936 and $4,907)	9,413	11,562
Other invested assets (cost: $6,982 and $5,628)	6,381	5,386
Policy loans	1,778	1,759
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	237,067	228,712
Receivables:
Reinsurance (net of allowance for uncollectible reinsurance of $61 and $0)	21,103	25,913
Insurance premiums and other (net of allowance for expected credit losses $217 and net of allowance for doubtful accounts $177)	23,690	15,386
Deferred income taxes, net	15,682	14,163
Deferred acquisition costs	43,850	42,281
Other assets	9,028	9,202
Intangibles	2,544	2,544
Total assets	381,265	367,064
Insurance reserves and policyholder funds
Future policy benefits	92,495	85,564
Unearned premiums	31,317	28,348
Losses and claims	87,478	87,484
Other policy liabilities	1,132	1,255
Total insurance reserves and policyholder funds	212,422	202,651
Accounts payable and accrued expenses	24,811	26,473
Revolving credit facility	3,019	2,009
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	273,990	264,871
Commitments and contingencies (Note 17)
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; 22,400,894 shares issued; 20,402,288 and 20,407,229 shares outstanding as of 2023 and 2022, respectively	22,401	22,401
Additional paid-in capital	57,425	57,425
Retained earnings	50,929	51,982
Accumulated other comprehensive loss	(16,121)	(22,149)
Unearned stock grant compensation	(13)	(132)
Treasury stock, at cost, 1,998,606 and 1,993,665 shares as of 2023 and 2022, respectively	(7,401)	(7,389)
Total shareholders' equity	107,275	102,193
Total liabilities and shareholders' equity	$ 381,265	$ 367,064