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SEGMENTS
 9 Months Ended
Sep. 30, 2021
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 September 30, 2021 and December 31, 2020 are summarized below:

($ in thousands)

Assets by industry segment
TotalP&C Insurance OperationsLife Insurance OperationsNon-Insurance Operations
    
September 30, 2021$163,259 $98,115 $59,512 $5,632 
December 31, 2020$150,540 $85,375 $59,394 $5,771 
Net income (loss) by business segment for the three and nine months ended September 30, 2021 and 2020 is summarized below:
($ in thousands)

Three months ended September 30, 2021
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter- company EliminationsTotal
REVENUES    
Net premiums earned$14,238 $1,443 $— $— $15,681 
Net investment income392 590 5 (135)852 
Investment gains (losses)(55)67 (1)— 11 
Other income126 221 293 (513)127 
 14,701 2,321 297 (648)16,671 
BENEFITS AND EXPENSES    
Policyholder benefits paid10,437 1,450 — (114)11,773 
Amortization of deferred policy acquisition costs687 168 — — 855 
Commissions1,992 74 — — 2,066 
General and administrative expenses1,917 499 101 (534)1,983 
Taxes, licenses and fees601 31 — — 632 
Interest expense— 30 141 — 171 
 15,634 2,252 242 (648)17,480 
Income (Loss) Before Income Taxes(933)69 55 — (809)
INCOME TAX EXPENSE (BENEFIT)(189)270 (246)— (165)
Net Income (Loss)$(744)$(201)$301 $— $(644)

($ in thousands)

Three months ended September 30, 2020
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter- company EliminationsTotal
REVENUES    
Net premiums earned$13,786 $1,503 $— $— $15,289 
Net investment income389 614 16 (135)884 
Investment gains678 747 5 — 1,430 
Other income162 334 274 (608)162 
 15,015 3,198 295 (743)17,765 
BENEFITS AND EXPENSES    
Policyholder benefits paid11,851 1,646 — (194)13,303 
Amortization of deferred policy acquisition costs681 155 — — 836 
Commissions1,431 62 — — 1,493 
General and administrative expenses2,027 554 280 (549)2,312 
Taxes, licenses and fees564 40 — — 604 
Interest expense— 10 190 — 200 
 16,554 2,467 470 (743)18,748 
Income (Loss) Before Income Taxes(1,539)731 (175)— (983)
INCOME TAX EXPENSE (BENEFIT)(347)179 (37)— (205)
Net Income (Loss)$(1,192)$552 $(138)$— $(778)
($ in thousands)

Nine months ended September 30, 2021
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter- company EliminationsTotal
REVENUES    
Net premiums earned$41,229 $4,328 $— $— $45,557 
Net investment income1,115 1,787 26 (405)2,523 
Investment gains (losses)183 576 (7)— 752 
Other income393 640 844 (1,483)394 
 42,920 7,331 863 (1,888)49,226 
BENEFITS AND EXPENSES    
Policyholder benefits paid29,101 4,013 — (329)32,785 
Amortization of deferred policy acquisition costs2,061 595 — — 2,656 
Commissions5,670 231 — — 5,901 
General and administrative expenses6,205 1,406 801 (1,559)6,853 
Taxes, licenses and fees1,639 157 — — 1,796 
Interest expense— 50 412 — 462 
 44,676 6,452 1,213 (1,888)50,453 
Income (Loss) Before Income Taxes(1,756)879 (350)— (1,227)
INCOME TAX EXPENSE (BENEFIT)(372)182 (76)— (266)
Net Income (Loss)$(1,384)$697 $(274)$— $(961)


($ in thousands)

Nine months ended September 30, 2020
P&C Insurance OperationsLife Insurance OperationsNon-Insurance OperationsInter-company
Eliminations		Total
REVENUES   
Net premiums earned$40,996 $4,420 $— $— $45,416 
Net investment income1,169 2,003 42 (405)2,809 
Investment gains (losses)693 296 (1)— 988 
Other income449 921 796 (1,716)450 
 43,307 7,640 837 (2,121)49,663 
BENEFITS AND EXPENSES    
Policyholder benefits paid37,264 3,908 — (550)40,622 
Amortization of deferred policy acquisition costs2,043 706 — — 2,749 
Commissions5,411 204 — — 5,615 
General and administrative expenses5,913 1,396 461 (1,571)6,199 
Taxes, licenses and fees1,740 179 — — 1,919 
Interest expense— 29 631 — 660 
 52,371 6,422 1,092 (2,121)57,764 
Income (Loss) Before Income Taxes(9,064)1,218 (255)— (8,101)
INCOME TAX EXPENSE (BENEFIT)(1,937)254 (54)— (1,737)
Net Income (Loss)$(7,127)$964 $(201)$— $(6,364)
The following table presents the Company’s gross and net premiums written for the property and casualty segment and the life and accident and health segment for the three and nine months ended September 30, 2021 and 2020, respectively:
($ in thousands)Three months ended
September 30,		Nine months ended
September 30,
 2021202020212020
Life, accident and health operations premiums written:   
Traditional life insurance$989 $1,003 $3,020 $3,086 
Accident and health insurance538 538 1,324 1,330 
Gross life, accident and health1,527 1,541 4,344 4,416 
Reinsurance premium ceded(16)(14)(75)(71)
Net life, accident and health premiums written$1,511 $1,527 $4,269 $4,345 
Property and Casualty operations premiums written:   
Dwelling fire & extended coverage$11,721 $10,316 $36,344 $31,710 
Homeowners (Including mobile homeowners)4,774 5,205 15,484 15,933 
Other liability482 556 1,560 1,747 
Gross property and casualty16,977 16,077 53,388 49,390 
Reinsurance premium ceded(2,539)(1,999)(7,466)(5,547)
Net property and casualty written$14,438 $14,078 $45,922 $43,843 
Consolidated gross premiums written$18,504 $17,618 $57,732 $53,806 
Reinsurance premium ceded(2,555)(2,013)(7,541)(5,618)
Consolidated net premiums written$15,949 $15,605 $50,191 $48,188 
The following table presents the Company’s gross and net premiums earned for the property and casualty segment and the life and accident and health segment for the three and nine months ended September 30, 2021 and 2020, respectively:
($ in thousands)Three months ended
September 30,		Nine months ended
September 30,
 2021202020212020
Life, accident and health operations premiums earned:   
Traditional life insurance$920 $978 $3,081 $3,165 
Accident and health insurance539 539 1,322 1,326 
Gross life, accident and health1,459 1,517 4,403 4,491 
Reinsurance premium ceded(16)(14)(75)(71)
Net life, accident and health premiums earned$1,443 $1,503 $4,328 $4,420 
Property and Casualty operations premiums earned:
Dwelling fire & extended coverage$11,203 $10,103 $32,072 $29,591 
Homeowners (Including mobile homeowners)5,055 5,120 15,034 15,281 
Other liability519 562 1,589 1,671 
Gross property and casualty16,777 15,785 48,695 46,543 
Reinsurance premium ceded(2,539)(1,999)(7,466)(5,547)
Net property and casualty earned$14,238 $13,786 $41,229 $40,996 
Consolidated gross premiums earned$18,236 $17,302 $53,098 $51,034 
Reinsurance premium ceded(2,555)(2,013)(7,541)(5,618)
Consolidated net premiums earned$15,681 $15,289 $45,557 $45,416