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SEGMENTS
 6 Months Ended
Jun. 30, 2020
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
SEGMENTS SEGMENTS
The Company’s property and casualty insurance operations comprise one business segment. The property and casualty insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, homeowners (including mobile homeowners) and other liability. 

Management organizes the business utilizing a niche strategy focusing on lower valued dwellings and older homes that can be difficult to insure in the standard insurance market.  Our chief decision makers (Chief Executive Officer, Chief Financial Officer and subsidiary President) review results and operating plans making decisions on resource allocations on a company-wide basis.  The Company’s products are primarily produced through independent agents within the states in which we operate.  

The Company’s life and accident and health operations comprise the second business segment.  The life and accident and health insurance segment consists of two lines of business: traditional life insurance and supplemental accident and health insurance.

Total assets by industry segment at June 30, 2020 and December 31, 2019 are summarized below:
($ in thousands)

Assets by industry segment
TotalP&C Insurance OperationsLife Insurance OperationsNon-Insurance Operations
    
June 30, 2020$152,717  $81,847  $66,313  $4,557  
December 31, 2019$153,934  $83,917  $65,605  $4,412  
Net income (loss) by business segment for the three months ended June 30, 2020 and 2019 is summarized below:
($ in thousands)
 
Three months ended June 30, 2020
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter- company EliminationsTotal
REVENUE    
Net premiums earned$13,688  $1,484  $—  $—  $15,172  
Net investment income355  726  15  (135) 961  
Investment gains453  76  19  —  548  
Other income142  329  291  (619) 143  
 14,638  2,615  325  (754) 16,824  
BENEFITS AND EXPENSES    
Policyholder benefits paid15,822  1,124  —  (210) 16,736  
Amortization of deferred policy acquisition costs681  167  —  —  848  
Commissions1,990  57  —  —  2,047  
General and administrative expenses2,065  442  530  (544) 2,493  
Taxes, licenses and fees557  37  —  —  594  
Interest expense—  10  189  —  199  
 21,115  1,837  719  (754) 22,917  
Income (Loss) Before Income Taxes(6,477) 778  (394) —  (6,093) 
INCOME TAX EXPENSE (BENEFIT)(1,422) 137  (82) —  (1,367) 
Net Income (Loss)$(5,055) $641  $(312) $—  $(4,726) 

($ in thousands)
 
Three months ended June 30, 2019
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter-company
Eliminations		Total
REVENUE   
Net premiums earned$13,467  $1,523  $—  $—  $14,990  
Net investment income442  639  11  (135) 957  
Investment gains18  83  16  —  117  
Other income146  217  284  (501) 146  
 14,073  2,462  311  (636) 16,210  
BENEFITS AND EXPENSES    
Policyholder benefits paid9,566  1,448  —  (114) 10,900  
Amortization of deferred policy acquisition costs681  158  —  —  839  
Commissions1,920  58  —  —  1,978  
General and administrative expenses2,196  467  275  (522) 2,416  
Taxes, licenses and fees539  60  —  —  599  
Interest expense—  11  280  —  291  
 14,902  2,202  555  (636) 17,023  
Income (Loss) Before Income Taxes(829) 260  (244) —  (813) 
INCOME TAX EXPENSE (BENEFIT)(192) 23  (57) —  (226) 
Net Income (Loss)$(637) $237  $(187) $—  $(587) 
Net income (loss) by business segment for the six months ended June 30, 2020 and 2019 is summarized below:
($ in thousands)
 
Six months ended June 30, 2020
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter- company EliminationsTotal
REVENUE    
Net premiums earned$27,210  $2,917  $—  $—  $30,127  
Net investment income780  1,389  26  (270) 1,925  
Investment gains (losses)15  (451) (6) —  (442) 
Other income287  587  522  (1,108) 288  
 28,292  4,442  542  (1,378) 31,898  
BENEFITS AND EXPENSES    
Policyholder benefits paid25,413  2,262  —  (356) 27,319  
Amortization of deferred policy acquisition costs1,362  551  —  —  1,913  
Commissions3,980  142  —  —  4,122  
General and administrative expenses3,886  842  181  (1,022) 3,887  
Taxes, licenses and fees1,176  139  —  —  1,315  
Interest expense—  19  441  —  460  
 35,817  3,955  622  (1,378) 39,016  
Income (Loss) Before Income Taxes(7,525) 487  (80) —  (7,118) 
INCOME TAX EXPENSE (BENEFIT)(1,590) 75  (17) —  (1,532) 
Net Income (Loss)$(5,935) $412  $(63) $—  $(5,586) 

($ in thousands)
 
Six months ended June 30, 2019
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter-company
Eliminations		Total
REVENUE   
Net premiums earned$26,728  $2,980  $—  $—  $29,708  
Net investment income851  1,314  24  (270) 1,919  
Investment gains2,041  177  19  —  2,237  
Other income282  463  519  (972) 292  
 29,902  4,934  562  (1,242) 34,156  
BENEFITS AND EXPENSES    
Policyholder benefits paid17,548  2,613  —  (238) 19,923  
Amortization of deferred policy acquisition costs1,362  457  —  —  1,819  
Commissions3,876  135  —  —  4,011  
General and administrative expenses4,130  940  682  (1,004) 4,748  
Taxes, licenses and fees1,131  155  —  —  1,286  
Interest expense—  21  565  —  586  
 28,047  4,321  1,247  (1,242) 32,373  
Income (Loss) Before Income Taxes1,855  613  (685) —  1,783  
INCOME TAX EXPENSE (BENEFIT)(43) 119  (149) —  (73) 
Net Income (Loss)$1,898  $494  $(536) $—  $1,856  
The following table presents the Company’s gross and net premiums written for the property and casualty segment and the life and accident and health segment for the three and six months ended June 30, 2020 and 2019, respectively:
($ in thousands)Three months ended
June 30,		Six months ended
June 30,
 2020201920202019
Life, accident and health operations premiums written:   
Traditional life insurance$1,025  $1,032  $2,083  $2,089  
Accident and health insurance385  348  792  753  
Gross life, accident and health1,410  1,380  2,875  2,842  
Reinsurance premium ceded(22) (15) (57) (53) 
Net life, accident and health premiums written$1,388  $1,365  $2,818  $2,789  
Property and Casualty operations premiums written:   
Dwelling fire & extended coverage$11,142  $10,411  $21,394  $20,339  
Homeowners (Including mobile homeowners)5,893  5,892  10,728  10,863  
Other liability612  607  1,191  1,182  
Gross property and casualty17,647  16,910  33,313  32,384  
Reinsurance premium ceded(1,783) (1,927) (3,548) (3,225) 
Net property and casualty written$15,864  $14,983  $29,765  $29,159  
Consolidated gross premiums written$19,057  $18,290  $36,188  $35,226  
Reinsurance premium ceded(1,805) (1,942) (3,605) (3,278) 
Consolidated net premiums written$17,252  $16,348  $32,583  $31,948  

The following table presents the Company’s gross and net premiums earned for the property and casualty segment and the life and accident and health segment for the three and six months ended June 30, 2020 and 2019, respectively:
($ in thousands)Three months ended
June 30,		Six months ended
June 30,
 2020201920202019
Life, accident and health operations premiums earned:   
Traditional life insurance$1,121  $1,151  $2,187  $2,241  
Accident and health insurance385  387  787  792  
Gross life, accident and health1,506  1,538  2,974  3,033  
Reinsurance premium ceded(22) (15) (57) (53) 
Net life, accident and health premiums earned$1,484  $1,523  $2,917  $2,980  
Property and Casualty operations premiums earned:
Dwelling fire & extended coverage$9,836  $9,477  $19,488  $18,757  
Homeowners (Including mobile homeowners)5,080  5,211  10,161  10,407  
Other liability555  553  1,109  1,094  
Gross property and casualty15,471  15,241  30,758  30,258  
Reinsurance premium ceded(1,783) (1,774) (3,548) (3,530) 
Net property and casualty earned$13,688  $13,467  $27,210  $26,728  
Consolidated gross premiums earned$16,977  $16,779  $33,732  $33,291  
Reinsurance premium ceded(1,805) (1,789) (3,605) (3,583) 
Consolidated net premiums earned$15,172  $14,990  $30,127  $29,708