XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 6 - Investments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Notes Tables |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] |
(in thousands) |  | September 30, 2023 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government, government agencies and authorities |  | $ | 13,500 |  |  | $ | — |  |  | $ | 596 |  |  | $ | 12,904 |
States, municipalities and political subdivisions |  |  | 2,982 |  |  |  | — |  |  |  | 162 |  |  |  | 2,820 |
Mortgage-backed |  |  | 9,363 |  |  |  | — |  |  |  | 732 |  |  |  | 8,631 |
Asset-backed |  |  | 1,410 |  |  |  | — |  |  |  | 60 |  |  |  | 1,350 |
Corporate |  |  | 11,047 |  |  |  | — |  |  |  | 937 |  |  |  | 10,110 |
Total fixed maturities |  | $ | 38,302 |  |  | $ | — |  |  | $ | 2,487 |  |  | $ | 35,815 |
(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) |  | September 30, 2023 |
|  | Amortized Cost |  |  | Estimated Fair Value |
Due in one year or less |  | $ | 6,273 |  |  | $ | 6,175 |
Due after one year through five years |  |  | 25,670 |  |  |  | 23,991 |
Due after five years through ten years |  |  | 1,363 |  |  |  | 1,213 |
Due after ten years |  |  | 4,996 |  |  |  | 4,436 |
Total |  | $ | 38,302 |  |  | $ | 35,815 |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block] |
(in thousands) |  | September 30, 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 |  | $ | 3,911 |  |  | $ | 55 |  |  | $ | 8,993 |  |  | $ | 541 |  |  | $ | 12,904 |  |  | $ | 596 |
States, municipalities and political subdivisions |  |  | 400 |  |  |  | 6 |  |  |  | 2,320 |  |  |  | 156 |  |  |  | 2,720 |  |  |  | 162 |
Mortgage-backed |  |  | 1,421 |  |  |  | 36 |  |  |  | 7,210 |  |  |  | 696 |  |  |  | 8,631 |  |  |  | 732 |
Asset-backed |  |  | 61 |  |  |  | 1 |  |  |  | 1,192 |  |  |  | 59 |  |  |  | 1,253 |  |  |  | 60 |
Corporate |  |  | 1,205 |  |  |  | 25 |  |  |  | 8,880 |  |  |  | 912 |  |  |  | 10,085 |  |  |  | 937 |
Total fixed maturities |  | $ | 6,998 |  |  | $ | 123 |  |  | $ | 28,595 |  |  | $ | 2,364 |  |  | $ | 35,593 |  |  | $ | 2,487 |
(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 September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Investment income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest from fixed maturities |  | $ | 264 |  |  | $ | 153 |  |  | $ | 736 |  |  | $ | 363 |
Dividends |  |  | 11 |  |  |  | 42 |  |  |  | 85 |  |  |  | 106 |
(Loss) income from limited liability investments |  |  | (8 | ) |  |  | (12 | ) |  |  | (41 | ) |  |  | 275 |
Income from limited liability investments, at fair value |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Income from real estate investments |  |  | — |  |  |  | 200 |  |  |  | — |  |  |  | 600 |
Other |  |  | 106 |  |  |  | 110 |  |  |  | 728 |  |  |  | 280 |
Gross investment income |  |  | 373 |  |  |  | 493 |  |  |  | 1,508 |  |  |  | 1,628 |
Investment expenses |  |  | (22 | ) |  |  | (30 | ) |  |  | (89 | ) |  |  | (81 | )
Net investment income |  | $ | 351 |  |  | $ | 463 |  |  | $ | 1,419 |  |  | $ | 1,547 |
Realized Gain (Loss) on Investments [Table Text Block] |
(in thousands) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Gross realized gains |  | $ | 7 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 1 |
Gross realized losses |  |  | (7 | ) |  |  | (2 | ) |  |  | (7 | ) |  |  | (23 | )
Net |  | $ | — |  |  | $ | (2 | ) |  | $ | 2 |  |  | $ | (22 | )
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] |
(in thousands) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net gains recognized on equity investments sold during the period |  | $ | 3,322 |  |  | $ | — |  |  | $ | 3,322 |  |  | $ | — |
Change in net unrealized (losses) gains recognized on equity investments held at end of the period |  |  | (2,730 | ) |  |  | (5 | ) |  |  | 52 |  |  |  | (53 | )
Net gain (loss) on equity investments |  | $ | 592 |  |  | $ | (5 | ) |  | $ | 3,374 |  |  | $ | (53 | )

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