XML 44 R34.htm IDEA: XBRL DOCUMENT v3.23.1

Note 6 - Investments (Tables)

3 Months Ended

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	)

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-4

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.8)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7(a),(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_InvestmentIncomeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized gains and losses on investments reported in the statement of income.

+ References

No definition available.

+ Details

Name:	us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration