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Note 2 - Investments (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

						Gross				Gross				Allowance
		Amortized				Unrealized				Unrealized				for				Fair
September 30, 2023		Cost or Cost				Gains				Losses				Credit Losses				Value
		(in thousands)
Fixed maturities:
U.S. Governments		$	44,783			$	—			$	(2,093	)		$	—			$	42,690
States, territories, and possessions			5,842				—				(629	)			—				5,213
Political subdivisions			4,433				—				(585	)			—				3,848
Special revenue excluding mortgage/asset-backed securities			33,236				—				(5,368	)			—				27,868
Corporate and other			305,998				175				(28,336	)			(904	)			276,933
Mortgage/asset-backed securities			253,287				316				(18,248	)			—				235,355
Total available-for-sale investments		$	647,579			$	491			$	(55,259	)		$	(904	)		$	591,907

						Gross				Gross				Allowance
		Amortized				Unrealized				Unrealized				for				Fair
December 31, 2022		Cost or Cost				Gains				Losses				Credit Losses				Value
		(in thousands)
Fixed maturities:
U.S. Governments		$	50,802			$	2			$	(2,253	)		$	—			$	48,551
States, territories, and possessions			5,857				49				(552	)			—				5,354
Political subdivisions			4,919				—				(621	)			—				4,298
Special revenue excluding mortgage/asset-backed securities			37,260				26				(4,487	)			—				32,799
Corporate and other			278,164				79				(23,912	)			(236	)			254,095
Mortgage/asset-backed securities			184,578				251				(14,862	)			—				169,967
Total available-for-sale investments		$	561,580			$	407			$	(46,687	)		$	(236	)		$	515,064

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

		Less Than 12 Months								More Than 12 Months								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
September 30, 2023		Value				Losses				Value				Losses				Value				Losses
		(in thousands)
Fixed maturity securities:
U.S. Governments		$	2,338			$	(12	)		$	40,352			$	(2,081	)		$	42,690			$	(2,093	)
States, territories, and possessions			2,041				(30	)			3,172				(599	)			5,213				(629	)
Political subdivisions			—				—				3,848				(585	)			3,848				(585	)
Special revenue excluding mortgage/asset-backed securities			2,617				(148	)			25,251				(5,220	)			27,868				(5,368	)
Corporate and other			66,836				(3,296	)			197,097				(25,040	)			263,933				(28,336	)
Mortgage/asset-backed securities			88,543				(2,414	)			117,318				(15,834	)			205,861				(18,248	)
Total available-for-sale investments		$	162,375			$	(5,900	)		$	387,038			$	(49,359	)		$	549,413			$	(55,259	)

		Less Than 12 Months								More Than 12 Months								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
December 31, 2022		Value				Losses				Value				Losses				Value				Losses
		(in thousands)
Fixed maturity securities:
U.S. Governments		$	41,077			$	(1,523	)		$	6,853			$	(730	)		$	47,930			$	(2,253	)
States, territories, and possessions			3,227				(552	)			—				—				3,227				(552	)
Political subdivisions			4,298				(621	)			—				—				4,298				(621	)
Special revenue excluding mortgage/asset-backed securities			25,091				(3,287	)			5,080				(1,200	)			30,171				(4,487	)
Corporate and other			192,185				(15,667	)			55,605				(8,481	)			247,790				(24,148	)
Mortgage/asset-backed securities			118,815				(9,908	)			32,448				(4,954	)			151,263				(14,862	)
Total available-for-sale investments		$	384,693			$	(31,558	)		$	99,986			$	(15,365	)		$	484,679			$	(46,923	)

Investments Classified by Contractual Maturity Date [Table Text Block]

		Amortized				Fair
		Cost				Value
		(in thousands)
Due within one year		$	42,127			$	40,783
Due after one year through five years			183,123				170,789
Due after five years through ten years			131,751				114,833
Due after ten years			37,291				30,147
Mortgage and asset-backed securities			253,287				235,355
		$	647,579			$	591,907

Investment Income [Table Text Block]

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
		(in thousands)								(in thousands)
Interest income		$	5,952			$	3,688			$	16,468			$	9,328
Dividend income			211				178				602				518
Investment expense			(134	)			(122	)			(380	)			(384	)
Net investment income		$	6,029			$	3,744			$	16,690			$	9,462

Gain (Loss) on Securities [Table Text Block]

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
		(in thousands)								(in thousands)
Realized gains:
Gains on sales of fixed maturity securities		$	—			$	2			$	65			$	10
Gains on sales of equity securities			—				—				—				—
Total realized gains			—				2				65				10
Realized losses:
Losses on sales of fixed maturity securities			—				(195	)			(32	)			(309	)
Losses on sales of equity securities			—				—				—				—
Total realized losses			—				(195	)			(32	)			(309	)
Net realized investment gains			—				(193	)			33				(299	)
Change in allowance for credit losses			—				—				(667	)			—
Net unrealized (losses) gains on equity securities			(1,299	)			(2,163	)			608				(8,070	)
Net unrealized losses on equity method investment			(77	)			—				(77	)			—
Net realized and unrealized gains (losses) on investments		$	(1,376	)		$	(2,356	)		$	(103	)		$	(8,369	)

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