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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (5,226) $ (53,775) $ 8,332
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Net investment losses (gains) (2,124) 13,126 (15,479)
Deferred income tax expense (benefit) (1,882) (3,972) (1,310)
Depreciation of property and equipment 826 708 694
Amortization of intangibles 455 472 472
Goodwill impairment charge 6,756
Distribution of employee stock ownership plan shares 322 380 460
Share-based compensation 1,366 (40) 2,408
Amortization of deferred policy acquisition costs 82,991 66,803 64,574
Deferral of policy acquisition costs (87,343) (71,624) (65,553)
Net amortization of premiums and discounts on investments 984 1,590 2,080
Loss (gain) on sale of property and equipment (55) (186) 31
Changes in operating assets and liabilities:      
Premiums and agents’ balances receivable (11,885) (10,721) (2,929)
Reinsurance premiums receivable / payable (2,414) (1,973) 419
Reinsurance recoverables on losses (11,394) (16,375) (12,490)
Income tax recoverable / payable 14,052 (13,600) (1,118)
Accrued investment income (307) 68 (383)
Federal Crop Insurance Corporation receivable / payable (1,942) (20,424) 11,608
Other assets (600) 9 (3,669)
Unpaid losses and loss adjustment expenses 26,660 50,797 33,912
Unearned premiums 15,587 20,724 8,426
Accrued expenses and other liabilities 1,143 7,625 (1,317)
Net cash flows from operating activities 25,970 (30,388) 29,168
Cash flows from investing activities:      
Proceeds from maturities and sales of fixed income securities 37,904 77,965 73,015
Proceeds from sales of equity securities 39,939 26,204 44,600
Purchases of fixed income securities (73,222) (64,742) (128,480)
Purchases of equity securities (12,607) (13,884) (37,491)
Purchases of property and equipment (974) (1,162) (739)
Proceeds from sales of property and equipment 147 667 43
Proceeds from sale of other investments and other 901
Net cash flows from investing activities (8,813) 25,048 (48,151)
Cash flows from financing activities:      
Purchases of treasury stock (7,278) (4,180) (4,316)
Installment payment on Westminster consideration payable (13,333) (6,667)
Principal repayments of finance leases (16)
Issuance of vested award shares (172) (768) (488)
Net cash flows from financing activities (7,466) (18,281) (11,471)
Net increase (decrease) in cash and cash equivalents 9,691 (23,621) (30,454)
Cash and cash equivalents at beginning of period 47,002 70,623 101,077
Cash and cash equivalents at end of period 56,693 47,002 70,623
Federal and state income taxes paid (net of refunds received) $ (11,102) $ 2,175 $ 4,452