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v3.23.1

Note 6 - Investments (Tables) | 3 Months Ended
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Mar. 31, 2023
Notes Tables |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] |
(in thousands) |  | March 31, 2023 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government, government agencies and authorities |  | $ | 15,063 |  |  | $ | 4 |  |  | $ | 551 |  |  | $ | 14,516 |
States, municipalities and political subdivisions |  |  | 3,241 |  |  |  | 6 |  |  |  | 127 |  |  |  | 3,120 |
Mortgage-backed |  |  | 8,550 |  |  |  | 3 |  |  |  | 567 |  |  |  | 7,986 |
Asset-backed |  |  | 1,449 |  |  |  | — |  |  |  | 61 |  |  |  | 1,388 |
Corporate |  |  | 10,964 |  |  |  | 8 |  |  |  | 825 |  |  |  | 10,147 |
Total fixed maturities |  | $ | 39,267 |  |  | $ | 21 |  |  | $ | 2,131 |  |  | $ | 37,157 |
(in thousands) |  | December 31, 2022 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government, government agencies and authorities |  | $ | 15,797 |  |  | $ | — |  |  | $ | 717 |  |  | $ | 15,080 |
States, municipalities and political subdivisions |  |  | 2,390 |  |  |  | — |  |  |  | 158 |  |  |  | 2,232 |
Mortgage-backed |  |  | 9,058 |  |  |  | 1 |  |  |  | 647 |  |  |  | 8,412 |
Asset-backed |  |  | 1,682 |  |  |  | — |  |  |  | 72 |  |  |  | 1,610 |
Corporate |  |  | 11,200 |  |  |  | 1 |  |  |  | 944 |  |  |  | 10,257 |
Total fixed maturities |  | $ | 40,127 |  |  | $ | 2 |  |  | $ | 2,538 |  |  | $ | 37,591 |
Investments Classified by Contractual Maturity Date [Table Text Block] |
(in thousands) |  | March 31, 2023 |
|  | Amortized Cost |  |  | Estimated Fair Value |
Due in one year or less |  | $ | 6,429 |  |  | $ | 6,323 |
Due after one year through five years |  |  | 26,924 |  |  |  | 25,494 |
Due after five years through ten years |  |  | 2,274 |  |  |  | 2,075 |
Due after ten years |  |  | 3,640 |  |  |  | 3,265 |
Total |  | $ | 39,267 |  |  | $ | 37,157 |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block] |
(in thousands) |  | March 31, 2023 |
|  | Less than 12 Months |  |  | Greater than 12 Months |  |  | Total |
|  | Estimated Fair Value |  |  | Unrealized Loss |  |  | Estimated Fair Value |  |  | Unrealized Loss |  |  | Estimated Fair Value |  |  | Unrealized Loss |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government, government agencies and authorities |  | $ | 3,377 |  |  | $ | 53 |  |  | $ | 9,218 |  |  | $ | 498 |  |  | $ | 12,595 |  |  | $ | 551 |
States, municipalities and political subdivisions |  |  | 695 |  |  |  | 13 |  |  |  | 1,345 |  |  |  | 114 |  |  |  | 2,040 |  |  |  | 127 |
Mortgage-backed |  |  | 1,257 |  |  |  | 28 |  |  |  | 6,038 |  |  |  | 539 |  |  |  | 7,295 |  |  |  | 567 |
Asset-backed |  |  | 646 |  |  |  | 17 |  |  |  | 681 |  |  |  | 44 |  |  |  | 1,327 |  |  |  | 61 |
Corporate |  |  | 1,943 |  |  |  | 24 |  |  |  | 7,822 |  |  |  | 801 |  |  |  | 9,765 |  |  |  | 825 |
Total fixed maturities |  | $ | 7,918 |  |  | $ | 135 |  |  | $ | 25,104 |  |  | $ | 1,996 |  |  | $ | 33,022 |  |  | $ | 2,131 |
(in thousands) |  | December 31, 2022 |
|  | Less than 12 Months |  |  | Greater than 12 Months |  |  | Total |
|  | Estimated Fair Value |  |  | Unrealized Loss |  |  | Estimated Fair Value |  |  | Unrealized Loss |  |  | Estimated Fair Value |  |  | Unrealized Loss |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government, government agencies and authorities |  | $ | 4,543 |  |  | $ | 126 |  |  | $ | 10,537 |  |  | $ | 591 |  |  | $ | 15,080 |  |  | $ | 717 |
States, municipalities and political subdivisions |  |  | 1,040 |  |  |  | 73 |  |  |  | 937 |  |  |  | 85 |  |  |  | 1,977 |  |  |  | 158 |
Mortgage-backed |  |  | 2,248 |  |  |  | 93 |  |  |  | 5,756 |  |  |  | 554 |  |  |  | 8,004 |  |  |  | 647 |
Asset-backed |  |  | 1,251 |  |  |  | 39 |  |  |  | 299 |  |  |  | 33 |  |  |  | 1,550 |  |  |  | 72 |
Corporate |  |  | 3,244 |  |  |  | 155 |  |  |  | 6,760 |  |  |  | 789 |  |  |  | 10,004 |  |  |  | 944 |
Total fixed maturities |  | $ | 12,326 |  |  | $ | 486 |  |  | $ | 24,289 |  |  | $ | 2,052 |  |  | $ | 36,615 |  |  | $ | 2,538 |
Investment Income [Table Text Block] |
(in thousands) |  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |
Investment income: |  |  |  |  |  |  |  |
Interest from fixed maturities |  | $ | 229 |  |  | $ | 93 |
Dividends |  |  | 60 |  |  |  | 31 |
(Loss) income from limited liability investments |  |  | (34 | ) |  |  | 235 |
Income from real estate investments |  |  | — |  |  |  | 200 |
Other |  |  | 520 |  |  |  | 83 |
Gross investment income |  |  | 775 |  |  |  | 642 |
Investment expenses |  |  | (37 | ) |  |  | (23 | )
Net investment income |  | $ | 738 |  |  | $ | 619 |
Realized Gain (Loss) on Investments [Table Text Block] |
(in thousands) |  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |
Gross realized gains |  | $ | 210 |  |  | $ | 59 |
Gross realized losses |  |  | — |  |  |  | (5 | )
Net realized gains |  | $ | 210 |  |  | $ | 54 |
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] |
(in thousands) |  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |
Net gains recognized on equity investments sold during the period |  | $ | — |  |  | $ | — |
Change in unrealized gains (losses) on equity investments held at end of the period |  |  | 1,075 |  |  |  | (10 | )
Gain (loss) on change in fair value of equity investments |  | $ | 1,075 |  |  | $ | (10 | )

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