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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	)

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