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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 18,037 $ 21,285
Investments:    
Fixed maturities (cost: $201,314 and $198,506) 217,217 217,348
Common and non-redeemable preferred stocks (cost: $7,477 and $7,477) 8,883 8,348
Other invested assets (cost: $560 and $567) 560 567
Policy loans 2,255 2,246
Real estate 38 38
Investment in unconsolidated trusts 1,238 1,238
Total investments 230,191 229,785
Receivables:    
Reinsurance 17,248 15,673
Insurance premiums and other (net of allowance for doubtful accounts: $394 and $405) 7,477 8,289
Deferred acquisition costs 24,730 24,259
Other assets 776 706
Goodwill 2,128 2,128
Total assets 300,587 302,125
LIABILITIES AND SHAREHOLDERS' EQUITY    
Future policy benefits 64,088 63,321
Unearned premiums 22,419 23,646
Losses and claims 61,779 57,975
Other policy liabilities 1,596 2,252
Total policy liabilities 149,882 147,194
Accounts payable and accrued expenses 11,054 14,100
Deferred income taxes, net 2,495 3,316
Junior subordinated debenture obligations 41,238 41,238
Total liabilities 204,669 205,848
Commitments and contingencies (Note 8)      
Shareholders' equity:    
Preferred stock, $1 par, 4,000,000 shares authorized;Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value 70 70
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894;shares outstanding: 21,274,119 and 21,274,241 22,401 22,401
Additional paid-in capital 57,136 57,136
Retained earnings 7,283 6,179
Accumulated other comprehensive income 10,781 12,244
Treasury stock, at cost: 1,126,775 and 1,126,653 shares (1,753) (1,753)
Total shareholders' equity 95,918 96,277
Total liabilities and shareholders' equity $ 300,587 $ 302,125