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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 12,644 $ 13,252
Investments:    
Fixed maturities (cost: $205,923 and $210,505) 208,477 210,670
Common and non-redeemable preferred stocks (cost: $10,918 and $11,453) 19,473 20,257
Other invested assets (cost: $9,308 and $9,709) 9,308 9,709
Policy loans 2,130 2,265
Real estate 38 38
Investment in unconsolidated trusts 1,238 1,238
Total investments 240,664 244,177
Receivables:    
Reinsurance 15,305 11,703
Insurance premiums and other (net of allowance for doubtful accounts: $238 and $280) 24,998 12,581
Deferred income taxes, net 0 160
Deferred acquisition costs 31,256 28,975
Other assets 5,330 5,208
Intangibles 2,544 2,544
Total assets 332,741 318,600
LIABILITIES AND SHAREHOLDERS' EQUITY    
Future policy benefits 77,885 74,843
Unearned premiums 32,187 23,208
Losses and claims 65,055 62,562
Other policy liabilities 1,653 2,066
Total insurance reserves and policyholder funds 176,780 162,679
Accounts payable and accrued expenses 14,562 16,677
Deferred income taxes, net 125 0
Junior subordinated debenture obligations, net 33,738 33,738
Total liabilities 225,205 213,094
Commitments and contingencies (Note 9)
Shareholders' equity:    
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value 55 55
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894; shares outstanding: 20,401,760 and 20,446,705 22,401 22,401
Additional paid-in capital 57,123 57,114
Retained earnings 27,904 27,272
Accumulated other comprehensive income 7,221 5,830
Unearned stock grant compensation (245) (428)
Treasury stock, at cost: 1,999,134 and 1,954,189 shares (6,923) (6,738)
Total shareholders' equity 107,536 105,506
Total liabilities and shareholders' equity $ 332,741 $ 318,600