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Investments (Tables)

12 Months Ended

Dec. 31, 2021

Marketable Securities [Abstract]

Schedule of amortized cost and estimated fair value of securities

The amortized cost and estimated fair value of fixed income securities as of December 31, 2021 and 2020 were as follows:

		December 31, 2021
		Cost or Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Fixed income securities:
U.S. Government and agencies		$	13,118			$	467			$	(87	)		$	13,498
Obligations of states and political subdivisions			84,668				2,979				(353	)			87,294
Corporate securities			144,476				4,214				(1,069	)			147,621
Residential mortgage-backed securities			26,190				266				(300	)			26,156
Commercial mortgage-backed securities			32,878				815				(161	)			33,532
Asset-backed securities			52,604				131				(313	)			52,422
Redeemable preferred stocks			4,008				136				(16	)			4,128
Total fixed income securities		$	357,942			$	9,008			$	(2,299	)		$	364,651

		December 31, 2020
		Cost or Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Fixed income securities:
U.S. Government and agencies		$	13,334			$	1,055			$	(6	)		$	14,383
Obligations of states and political subdivisions			61,001				3,278				(35	)			64,244
Corporate securities			117,628				8,549				(147	)			126,030
Residential mortgage-backed securities			35,017				1,478				(1	)			36,494
Commercial mortgage-backed securities			23,976				1,700				(21	)			25,655
Asset-backed securities			50,751				535				(86	)			51,200
Redeemable preferred stocks			2,198				206				-				2,404
Total fixed income securities		$	303,905			$	16,801			$	(296	)		$	320,410

Schedule of amortized cost and fair value of fixed income securities by contractual maturity

The amortized cost and estimated fair value of fixed income securities by contractual maturity are shown below. Actual maturities could differ from contractual maturities because issuers may have the right to call or prepay these securities.

		December 31, 2021
		Amortized Cost				Fair Value
Due to mature:
One year or less		$	14,457			$	14,586
After one year through five years			82,429				84,760
After five years through ten years			82,270				84,173
After ten years			63,106				64,894
Mortgage / asset-backed securities			111,672				112,110
Redeemable preferred stocks			4,008				4,128
Total fixed income securities		$	357,942			$	364,651

		December 31, 2020
		Amortized Cost				Fair Value
Due to mature:
One year or less		$	17,722			$	17,933
After one year through five years			86,709				91,457
After five years through ten years			59,408				64,987
After ten years			28,124				30,280
Mortgage / asset-backed securities			109,744				113,349
Redeemable preferred stocks			2,198				2,404
Total fixed income securities		$	303,905			$	320,410

Schedule of unrealized loss of securities

The investment category and duration of the Company’s gross unrealized losses on fixed income securities were as follows:

		December 31, 2021
		Less than 12 Months								Greater than 12 months								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Fixed income securities:
U.S. Government and agencies		$	3,125			$	(87	)		$	-			$	-			$	3,125			$	(87	)
Obligations of states and political subdivisions			19,769				(350	)			222				(3	)			19,991				(353	)
Corporate securities			46,816				(1,015	)			1,895				(54	)			48,711				(1,069	)
Residential mortgage-backed securities			17,407				(261	)			1,434				(39	)			18,841				(300	)
Commercial mortgage-backed securities			11,287				(160	)			216				(1	)			11,503				(161	)
Asset-backed securities			28,797				(308	)			995				(5	)			29,792				(313	)
Redeemable preferred stocks			1,493				(16	)			-				-				1,493				(16	)
Total fixed income securities		$	128,694			$	(2,197	)		$	4,762			$	(102	)		$	133,456			$	(2,299	)

		December 31, 2020
		Less than 12 Months								Greater than 12 months								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Fixed income securities:
U.S. Government and agencies		$	931			$	(6	)		$	—			$	—			$	931			$	(6	)
Obligations of states and political subdivisions			1,806				(35	)			—				—				1,806				(35	)
Corporate securities			3,215				(97	)			734				(50	)			3,949				(147	)
Residential mortgage-backed securities			68				(1	)			—				—				68				(1	)
Commercial mortgage-backed securities			1,103				(21	)			—				—				1,103				(21	)
Asset-backed securities			5,785				(31	)			4,188				(55	)			9,973				(86	)
Total fixed income securities		$	12,908			$	(191	)		$	4,922			$	(105	)		$	17,830			$	(296	)

Schedule of net investment income

Net investment income consisted of the following:

		Year Ended December 31,
		2021				2020				2019
Fixed income securities		$	8,489			$	8,682			$	8,394
Equity securities			1,221				1,220				996
Real estate			625				587				365
Cash and cash equivalents			4				30				71
Total gross investment income			10,339				10,519				9,826
Investment expenses			3,208				3,248				2,393
Net investment income		$	7,131			$	7,271			$	7,433

Schedule of net realized gain (loss) on investments

Net realized capital gain on investments consisted of the following:

		Year Ended December 31,
		2021				2020				2019
Gross realized gains:
Fixed income securities		$	677			$	1,035			$	341
Equity securities			17,453				8,705				4,311
Total gross realized gains			18,130				9,740				4,652
Gross realized losses, excluding other-than-temporary impairment losses:
Fixed income securities			(27	)			(132	)			(147	)
Equity securities			(335	)			(1,837	)			(1,259	)
Total gross realized losses, excluding other-than-temporary impairment losses​​			(362	)			(1,969	)			(1,406	)
Net realized gain on investments			17,768				7,771				3,246
Change in net unrealized gain on equity securities			(2,289	)			5,853				11,537
Net capital gain on investments		$	15,479			$	13,624			$	14,783

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